Asking price: £350,000

Sales revenue: £1,097,360

Net profit: £218,449

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established company specialising in the sale, installation, service and sale of parts for commercial catering equipment. Authorised spares and service partner to a leading equipment manufacturer. The sale includes a bespoke website with industry leading technology allowing password log in for secure customer access to technical overviews, parts explosions and specifications. The accounts for the last financial year ended 31st October 2008 show a turnover of £1,097,360, gross profit of £383,603, operating profit of £213,424 and EBITDA of £229,707. Accounts show strong year on year growth in both sales and profits.

We are instructed to offer for sale the 100% shareholding in our client’s company for the sum of £350,000 plus the net assets as at completion. By way of an example the balance sheet as at 31st October 2008 showed net assets of £276,212 of which £168,633 was cash at bank.

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
Five year term from October 2007, rent £7,700 per annum. Lease can be surrendered by tenant elective break clause.

Location
Currently operating from a leasehold premises - can be relocated if required.

Support & training
Post completion support and training available.

Reasons for selling
Via Ashley Tates recommended panel of banks and brokers.