Asking price: Undisclosed

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Key Points:
- Longstanding reputation for outstanding service
- Local Authority contracts securing 25% of turnover
- Several recent contract wins securing further growth in 2009
- Turnover grew 21% in 2008 to £1,400,000 - Sustained high GP margin of 32.5%
- Adjusted Net Profit under management estimated £170,000
- 6,000 sq ft offices, trade counter and store; option to relocate
- IT systems enable high margins, efficient admin & reporting

Business Activities:
This ISO 9001 certified electrical wholesale business, established in the mid 1990?s, has built a solid reputation as a company that the building trade can rely on to provide both knowledgeable sales assistance and a reliable fast delivery service. In a price competitive marketplace, the business stands out through its added-value levels of service that ensure ongoing customer loyalty and continues to fuel new opportunities. As well as holding contracts with the Local Authority, currently contributing over £350,000 of turnover, the business also services supply contracts much further afield, proving the model works nationally. 90% of trade is time critical.
Further contract wins are adding to the impetus of the business and helping to secure continued strong trading through 2009 and 2010. Systems are in place to ensure that strong margins are maintainable going forward and replicable on the new business being won.
The owners have already taken steps to distance themselves from the everyday activities of accounting and administration for which reliable replacement teams are now in place. Increasingly this is being are done for the sales side of the business too. Significant recent computer investments ensure efficient workflow, administration and reporting, and also provide tools to maintain the high margins the business achieves on sales.
The two owners wish to pursue other activities following sale. Based on the business set up today, only a sales orientated General Manager would be required to replace the outgoing owners, who would provide a full handover of responsibilities, knowledge and methods before exiting.
The business is in a fortunate position to have an option to vacate its current premises if required. For some buyers this could represent an annual saving in excess of £50,000.
We believe this business may be of interest to the following categories of buyer:
- Electrical Wholesalers chains seeking new locations in the South East
- An existing chain with a local presence wishing to merge facilities for gains in market share and efficiencies
- A market entrant seeking a business with outstanding margins and working practices to create a base for larger scale rollout and replication
- A large building related business seeking to bring in-house the supply of all its electrical requirements

Sale Basis:
To receive further information on this business please click "Contact Seller" at the bottom of this page. We will then automatically send you our Non-Disclosure Agreement (NDA). You will need to print and complete this form and return it to the address on the form. We request this document to protect the confidentiality of our clients.

We unfortunately will not be able to contact you with any further information until we receive this Non-Disclosure Agreement through the post.

Could you also please ensure you add the seller reference number of the business to the NDA so we can identify your business of interest. The reference number can be found at the top left of the business advert and is normally four to five numbers.

We look forward to receiving your Non-Disclosure Agreements.

Relocatable: This business can be relocated.

Property: Leasehold