Asking price: £250,000

Sales revenue: £420,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Timber Merchant Supplying
Trade and Private Clients
with on site shop

This successful timber and builder’s merchant supply high quality hardwood, softwood and sheet metal products, which meet a wide range of specifications plus supplying all related accessories from the on site retail shop.

Established by the current owners in 1997, the business has grown since inception and is now recognized as a leading supplier within the area. The location of the business is convenient for supplying many small builders, landscape gardeners and private consumers throughout North London, Hertfordshire and Essex with all their needs.

Operating from a substantial yard of circa 4,000 square foot, the premises have covered storage for the timber products and are well fitted out with racking storage systems for ease of collection.

The business has excellent quality control in place and has built strong relationships with both trade and private clients, who have one thing in common - the need for high quality wood products where the machining, grade, colour and texture are never compromised, the business understands the needs of its customers.

Equipment:

The business has a fully computerised stock control system.

Customer Service:

The business displays a demonstrable ‘easy to do business with’ attitude, customers can expect a fast, efficient and personal service and a courteous approach.

Key Strengths:

A large stock of in demand products is kept to ensure all customers’ requirements can be met. First class service from staff combined with ever competitive pricing ensures that the business continues to grow with increased profits.

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.

The current turnover is circa £420,000 gererating a gross profit of £120,000. the Net asset value is £60,000.

Years established: 1997

Employees: In addition to the two owners the business employs one Sales Administrator, one Driver and one Warehouse Operative.

Trading hours: Monday – Friday: 7.30 am – 5.00 pm Saturday: 8.00 am – 2.00 pm

Property: Leasehold

Lease terms
Annual rent is charged at £16,800 per annum inclusive of rates, and a new 5-year lease has just been granted.

Location
The business occupies leasehold premises in Essex. The premises are circa 4,000 square foot in total, inclusive of storage facilities, administration office and a retail outlet. The large yard is convenient for deliveries and collections.

Annual rent is charged at £16,800 per annum inclusive of rates, and a new 5-year lease has just been granted.

Expansion potential
This is a rare opportunity for a new owner to take this solid business on to the next level. Ample opportunities exist to expand the range of products and to target marketing efforts and sales towards additional customers throughout the geographic area. Expansion of the business should encourage more competitive purchasing improving retail prices which can be passed to customers and drive future growth.

Competition / Market
Most business is generated through referrals and direct ‘word of mouth’ recommendation. Current advertising is undertaken through the Local Press – The Thurrock Gazette, as well as the Thompson Local. Investment in a company website could prove to be a valuable asset for attracting additional business enquiries.

Support & training
Full support and training will be provided to the successful purchaser.

Reasons for selling
Having reached retirement age the vendor wishes to pass the running of this successful company to somebody with energy, enthusiasm and focus to take it to a new level of sales and profitability.