Asking price: Undisclosed

Sales revenue: £3,156,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established in 2001 having enjoyed substantial year on year growth from day one, the business has established themselves as one of the UK's largest specialist manufacturers suppliers of electric under floor heating systems associated products.
In order to offer extremely competitive pricing throughout the company’s product ranges, they outsource the manufacturing of components to specialist companies around the globe. However the crucial design, assembly & logistics remain in-house at their 7166sqf facility in the Midlands, where the final quality control checks are completed before despatch.
Although the company is a high volume supplier, the company remains a family run business this aspect is reflected in their total commitment to both quality and achieving the highest possible levels of customer service.
The company has gone from strength to strength since its establishment and is an ideal prospect for buyers seeking a strong business with its own product range in the construction/DIY market.
Key Strengths:

• The business retails quality desirable products under its own established brand names.
• Retail, wholesale and export business.
• The business has an impressive and growing database of regular clients.
Behind the scenes, the strong administration of the business ensures that the business responds quickly to customer orders.

Employees: There are 12 full time staff employed in the following positions:2 Directors,5 Sales Representatives,3 Administration Clerks,and 2 Warehouse Operators.High levels of employee satisfaction result in low staff turnover, with most members of staff being long-serving.

Trading hours: The company is staffed during office hours Monday to Friday, 8.00am – 5.00pm.

Property: Leasehold

Lease terms
Original Length: 6 years Years remaining: 3 years Rent: £32,000 per annum Rates: £12,178 per annum

Location
The business operates from industrial premises on an industrial estate. From its headquarters, the business is well placed to effectively service its loyal client base of reputable organisations throughout the UK.

Expansion potential
There is unlimited potential within this business. The expansion possibilities are endless due to the fact that the company’s structure is such that it can accommodate growth into new areas. The opportunity is ripe for a new owner to broaden the products further by introducing new products and expanding both retail and wholesale markets within the UK and around the world.

Reasons for selling
Having run the business since 2001, four of the seven shareholders wish to retire. Our clients feel that the business requires an experienced investor/purchaser to develop and grow the business further. The operation directors wish to remain in the business subject to purchaser approval.