Asking price: £145,000

Sales revenue: £275,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This well established industrial paints and materials supplier started trading in the 1970s. The founder and current owner of the business has managed to build up a unique reputation for supplying paint, materials and consumables for use on major construction projects, for use on film sets worldwide and for use in a broad range of other industries and applications.

An impressive and extensive range of paints and materials are available on an ‘off the shelf’ basis.

The mixing of paint is a fundamental element of the success of the business. The current owner has developed a highly efficient system that allows the supply of unlimited specialist paint options to everybody from the film and television industry right through to car owners and workshops that require specific colours and textures.

In addition to this unique range of products, the family team running the company provide a personal service that has allowed them to build up long standing, successful relationships with their clients.

Having worked on numerous major film productions and having supplied to many high profile developments including Canary Wharf, Earls Court and the Olympics, the business is perfectly placed to expand its operation if a new owner wished to do so.

Equipment:

The warehouse area is well fitted for the storage of a large number of product lines. There is also a workshop for the customizing of paints and materials prior to supply.
The office includes everything required for ongoing trading.

The front of the unit includes a trade counter to accommodate passing clientele.

Customer Service:

For over 30 years, this business has been known for its ability to supply paints and materials that are very difficult to source elsewhere.

The owners deliver a personal service that includes flexibility, honesty, reliability, quality and good value.

These factors have all contributed to high levels of customer satisfaction, numerous referrals of new business and most importantly a large percentage of repeat business.

Key Strengths:

With no direct competition to concern themselves with, coupled with the fact that they ‘don’t lose clients, they keep finding them,’ this business has for over 30 years built up a unique reputation for delivering exactly the right product, on time and at the right price.

Benefiting from an excellent location within Greater London, clients throughout the South East can regularly benefit from same day deliveries.

Financial Profile:

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 business is financial stable, with low overheads.

Years established: 1970

Employees: Apart from the couple running the company, the business also employs one driver.

Trading hours: Monday-Friday 8.0 a.m. -5 p.m.

Location
The business has been located at the current premises for many years and the current annual rent of only £7,500 makes the current premises very attractive.

The property benefits from ample storage space, two workshop areas, office space and counter area to accommodate passing trade.

Expansion potential
This business is very handily placed to achieve sustained growth going forward. The current owners openly admit that they have chosen who they do and do not want to work with. A change of this strategy will immediately open up new doors. There is demand for their products from the automotive trade, DIY sector and small decorators. All of these are opportunities that the current owner has chosen not to pursue. There has been no marketing strategy to speak of. At present the company doesn’t use a website, which again would allow for an immediate opportunity to increase both turnover and profitability.

Competition / Market
This business has developed due to its excellent reputation, rather than any significant investment in advertising. There is enormous potential for the business to grow on the back of a consolidated advertising and marketing plan.

Support & training
The owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling
The current owners feel that having giving the business 30 years of tender loving care, it is now time for them to take a well earned retirement, to allow them to spend more time with their family