| (REF: AD028 ) Electrical Distributor - Supplying Wholesalers, Trade & Retail Marketplace |
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| Seller Reference: |
AD028 |
| B4S Reference: |
24470 |
| Asking Price: |
£225,000
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| Net Profit: |
£56,000 |
| Sales Revenue: |
£320,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Fylde Coast,blackpool, North West England, United Kingdom |
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This substantial and stable business was founded by the current vendors some 25 years ago and during this time it has established itself as a key supplier to the electrical marketplace in the region, enjoying good growth year on year. The business has developed a good range of in-demand products and enjoys some regional exclusivity with key suppliers for items such as lighting and electrical sockets and fittings.
The company currently has 3 ways to serve the market. It started life as a traditional electrical distributor supplying electrical wholesalers in the region with products. This is still a core part of the business but the company has also developed two separate trade/retail sites which complement this perfectly. Together these two areas generate some 66% of current revenues. This side of the business has a broad range of regular clients including tradesmen, contractors, commercial businesses( hotels, restaurants, shops etc) both locally and regionally as well as the general public.
The remaining 33% of revenues currently come via e-commerce. The business developed an interactive website some 8 years ago and supplies a whole host of retail customers both within the UK and abroad. The website is very impressive and secure and the business also enjoys “Top Rated Seller” status on E-Bay such is its commitment to quality and service.
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Property: |
Leasehold |
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Lease Terms: |
The business operates from two well suited retail premises ideally situated with good accessibility on busy routes.
Site 1 is freehold. Freehold valuation is circa £225,000. The freehold is currently NOT included within the sales price but the vendor would be happy to sell it if a new owner so required, subject to negotiation . The retail unit is ideally located on a parade of shops on a main route in a built up area. The site comprises ground floor shop, kitchen and toilets with additional storage unit to the rear (total circa 1150 square feet). There is also a self contained 2 bedroom flat above with separate entrance providing rental income. Rates are circa £1270 p.a.
Site 2 is leasehold/rented. Again ideally situated in a popular parade of shops with ground floor shop, toilets and kitchenette. Circa 500 square feet. Rates are circa £1170 p.a. Rent is currently £34/week. It is understood a new lease would be made available to a new owner if so required.
There is ample parking for customers in and around both parades. |
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Living Accommodation: |
No |
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The business has undertaken very little in the form of traditional marketing over the years preferring to rely on referrals, repeat business and word of mouth recommendations to generate revenues. In saying that it does utilise some sponsored links on the internet to help promote its website and also sends out a newsletter and various flyers with all internet orders. |
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The current market for this business is growing and is forecast in the near and longer term for significant growth. Technology is always changing and this business is well positioned to take maximum advantage of this growth and new opportunities as they occur.
There remains considerable scope for an increase in operations, turnover and profit simply by putting in place a long term sales and marketing strategy.
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Full support and training will be provided to the successful purchaser. The vendors would also be prepared to stay on for a extended period, subject to negotiation, if so required. |
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The vendors are now looking to retire and spend more time travelling. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday – Friday: 0830-1730
Saturday: 0900- 1300
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This is a family run business. The two owners work within the business. One is Managing Director and works on a full time basis, the other director operates on a part-time basis (Administration) . The business also employs a manager, an assistant manager and a logistics operative all on a full time basis. |
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