Freehold Tools And Welding Equipment Wholesaler In Middlesex For Sale

Business description

HISTORY

• The business was founded by the current vendor over 36 years ago

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor wishes to retire

PRODUCTS

• The business specialises in the supply of all manner of tools for the automotive, aerospace, transport, shipping and construction industries
• They supply air tools, cutting tools, hand tools, power tools, precision, aerospace tools and welding equipment, gases and consumables
• The business purchases mainly from the original manufacturers and so achieves above average gross margins on a consistent basis

CUSTOMERS

• The business has an excellent loyal and regular client database of many blue chip customers. These trade accounts comprise approx 25% of turnover with the remaining 75% paying via cash or credit/debit card on the day
• Most customers are within an approx 30 mile radius of the shop

STRENGTHS

• An extremely well established business
• High visibility main arterial road location
• Very regular and loyal customers
• Above average gross margins as purchases from original manufacturers
• Large stock holding ensures most items can be instantly supplied
• No over reliance on any single client or market sector
• The vendor is prepared to work with a new owner to ensure a smooth transition







DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Freehold

Location:

• The business operates from a pair of converted semi detached houses situated on a very busy main arterial road in Middlesex.

Premises details:

• The business operates from a pair of converted semi detached houses which briefly comprise:
• Centre entry door into the main sales/reception area
• Pin hole wall hung stock on display all around the external walls, extensive rear racking with an Aladdin’s cave of stock, rear workshop and w/c
• Rear fully fitted kitchen/dining room, bathroom
• First floor, 1 double and 1 single bedroom
• Outside large detached garage and the premises are alarmed

Other information

Expansion potential:

• Update the web site
• Advertise to increase the customer data base
• Offer a delivery option to customers
• Employ a commission only agent to seek out new markets

Trading hours:

• Monday to Friday: 8.30am to 5pm