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| Profitable Distribution Company for ceiling fans - for top US Brand | |
| B4S Reference: | 09661 |
| Asking Price: | £199,000 |
| Net Profit: | £120,000 |
| Sales Revenue: | £300,000 |
| Number of Staff: | 2 |
| Established For: | 8 Years 6 Months |
| Ownership: | Send enquiry for more details. |
| Location: | Reading, Berkshire, United Kingdom |
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| Similar business types: Wholesale Businesses For Sale in Berkshire | ||
Business Summary
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Opportunity to acquire the goodwill and assets of a distribution company supplying a top end brand name range of domestic and industrial ceiling fans. The company has the exclusive UK distribution rights for Hunter Fans USA which is the no 6 US brand name. It also sells into many commonwealth countries requiring 240v products. Goods are sold direct over the internet and into Harrods and other quality electrical shops. Also sold to all the main UK trade electrical chains, some conservatory companies and home furnishing outlets. - Sales - ?280k pa on average. - Excellent profit margins ? 50% gross and 20% net on average. - Net adjusted profit for 2008/9 of ?120k. Average is ?70k pa. - Steady profit growth. - Premium brand name ? no 6 in USA, - Recession proof sales. - Regularly featured on ITV and in national press. - Established in uk 8 years ago - 600 active trade customers out of 3,000 expressions of interest. - 1500 retail customers. - 2 full time staff. - Database of 8,000 architects and specifiers. - Asking price dropped for urgent sale from ?280k to ?199k + stock at cost of ?285k. For further information please email with brief details of your interest to peter@hunterfan.co.uk or visit our website www.hunterfan.co.uk. |
Property Information
| Living Accommodation: | No | |
Competition
| At the premium end of the market, where we sell, there is very limited competition with a few unbranded USA manufacturers and a UK manufacturer. None of these have ever featured in the national press or national TV and are rarely encountered. |
Growth Potential
| Should be able to increase sales by 30-100% pa. depending on weather and stock held. |
Support and Training Offered
| Full handover and 2 staff available |
Reason for Selling
| To concentrate on other businesses. |
Other Details
| Is this a home-based business? | No | |
| Can this business be relocated? | Yes | |
| Is this business part of a franchise? | No |
Summary of Staffing
| Staff do most of the day to day operations mainly around marketing and selling the products. They also handle order processing, stock control and intake. |
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