Retail Woodworking Machinery & Supplies Business For Sale

Business description

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity, which has never been brought to the market for sale before.

This attractive and well run family business was established in 2005, and has since grown both in stature and reputation. The business is turnkey ready for a new owner to commence trading immediately with an established and growing customer base who, being hobbyists to a large extent, return at regular intervals to browse and make purchases.

The business is unchallenged in its sector and within its geographical location, but this has not held back the enthusiasm of its Directors to develop a proactive interface between themselves, the business and its loyal customer base. Therefore, the Directors have developed a calendar of dates and events to hold a mixture of machinery demonstration days featuring selected manufacturers machinery, plus an Annual Trade Show, when a multiple of differing activities are offered up. The success of this venture is borne out by the high levels of support and attendance.

The company’s product offerings include:-

• Machinery sales from an array of major manufacturers
• Hand Tools again from various key manufacturers
• Stains, Polishes and associated products
• Abrasives and associated products
• Plus much, much more!

To complement the sales coming from the company’s attractive and expansive two level showroom, which occupies approximately 4,000 square feet of space over the two levels, the Directors have developed an effective and easy to navigate Internet Virtual Shop which allows customers from out of their geographical area to purchase supplies from the comfort of their own home. The benefits of this are growing all the time.

In summation, this is well managed, cleanly run and visually appealing business which will undoubtedly be of interest to a wide cross section of commercial and private investors, from hobbyists through to commercial entities perhaps looking for geographical coverage points.

The owners, now wishing to move towards retirement, have now decided to place the business for sale at an attractive price to encourage a smooth and uncomplicated sale.

Equipment:

The company owns and operates a small inventory of equipment, machinery and fixtures and fittings etc. in the daily smooth operation of its business.

All such inventory is expected to be included in a successful sales package.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover of circa £150,000 per annum and Gross Profit of circa £45,000.

Property information

Property:

Leasehold

Lease terms:

Current annual rental comes in at circa £21,200 for the entire building.

Location:

The company currently shares its premises and therefore its direct overheads with another company, who operate from the rear section of their sizeable modern commercial unit, which is connected to all main utilities apart from Gas. The tenure of the property is by way of leasehold and we are led to believe that said lease is currently in suspense, which opens up the possibility to relocate the business, should the new owner require.

Current annual rental comes in at circa £21,200 for the entire building. This overhead is shared with the other business operating from the rear of the premises. Rates come in at approx. £7,250 per annum, which again are shared accordingly.

Business Operation

Competition / Market:

The Directors proactive approach to growing their client base securely, has led to an active initiative within their marketing plan. This includes the development and maintenance of the Internet Virtual Shop, a series of Demonstration Days and an Annual Trade Show, plus a twice per annum circulation of up to 6,000 flyers.

Reasons for selling:

Retirement

Trading hours:

Monday – Friday: 9.00am – 5.30pm

Employees:

The company currently employs two full time staff (both Directors) and two part time staff.

Years established:

2005

Other information

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.