Well Respected Electrical And Lighting Wholesaler For Sale

Business description

• Established for over 20 years
• 2,100 sq ft Lighting & Electrical Showroom
• £600,000 - £700,000 Turnover
• Busy Main Road Location

This is a well respected and highly reputable independent family business which has been established for over 20 years and is a supplier of a reliable and cost effective service to builders, electrical contractors and retail customers.

Description
The business has recently been relocated to larger premises and has undergone a complete refurbishment in the last couple years with over £80,000 spent on designing and installing a 2,100 sq ft lighting and electrical retail showroom with hundreds of products on display. The premises also have the benefit of a separate trade counter area.

Location
Trading on a busy main ‘A’ road location, and enjoys a high visible location with a high footfall and car traffic passing. It also benefits from having its own customer parking area to the rear of the premises.

Property Type
Leasehold.

Tenure
We have been informed the current rent is £30,000 pa. Business Rates £15,500 pa.

Price
Offers Around £600,000 + VAT. To include leasehold premises, fixtures and fittings and goodwill plus SAV. Each party to bear their own legal costs involved.

Sales Revenue
We have been advised the business has sales of between £600,000 - £700,000 p.a. in our opinion offering tremendous potential for further increase in the right hands.

Staff
The owners work within the business with the help from showroom, warehouse assistants and a delivery driver.

Opening Hours
Monday – Friday 8.00am – 5.00pm
Saturday 8.30am – 1.00pm

Summary
The business has grown steadily through repeat and referral business and still has many marketing opportunities which remain to be exploited. This could be with a greater focus on retail customers over the weekend by increasing trading hours and with the introduction of an e-commence online facility all would greatly increase sales and profit.

This is an excellent opportunity for someone wishing to add it to their existing business.

Support & Training
The owner would be happy to help with a smooth transfer of the business in any way possible.

Confidentiality and Viewing Information
Under no circumstances should you approach the business directly – as the staff are unaware and no direct contact should be made with the vendor without a previous appointment being made.

For further information or to make an appointment to view this business, please contact our office.

Full financial details will be made available to bona fide prospective purchasers following a formal viewing and the signing of a confidentiality agreement.