Electric Accessories Manufacturer and Distributor For Sale - Northern England, United Kingdom Advert Ref: IG019
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Business description
This is an exceptional opportunity to purchase an established British manufacturer producing electrical accessories with a recognisable brand name.
The company manufactures a wide range of products on a made to order basis, which are supplied to their regular, repeat customer base of electrical wholesalers, distributors and contractors, predominantly within the UK market place.
Amongst the database of regular customers, the company have produced products for some of the UK’s best known brand names.
The business is profitable and easy to run with low overheads and works to simple business principles of providing an efficient, competitive and quality service to its customers. Employees: There are two directors who run the business on a daily basis. One of which is the owner and the other director looks after the financial side of the business. There are five other employees including one who looks after the sales, and the other four employees are used in the production side of the business.
Property
Leasehold Lease terms
Rent is circa £36,000 per annum, plus VAT with rates of CIRCA £14,000 per annum. Outside there is ample car parking space. Location
The business runs from a rented, industrial unit which measures circa 13,000 sq. ft. There is a large workshop with separate assembly and storage rooms with toilets and canteen area. There are spacious offices and showroom with room for growth and expansion
The rental agreement on the premises runs until 2009. Rent is circa £36,000 per annum, plus VAT with rates of CIRCA £14,000 per annum. Outside there is ample car parking space.
Expansion potential
The company has spare capacity, throughout the year in the factory, and there remains scope for an increase in production to bring in further turnover and profits. This can be done by increasing the sales order book or by producing other complimentary products. They have been trading consistently over the past few years and the current owner has maintained the business at a level that is comfortably manageable by him based on the current infrastructure. There is a definite opportunity to sell directly, their range of products to the major supermarkets and hypermarkets in the UK. The company has a small marketing and advertising budget, obtaining the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality and service which is provided Support & training
The owner would be happy to help out with a smooth transition of the business and help in anyway possible. Reasons for selling
The owner would like to pursue other business opportunities and believes this would be a perfect time for someone to take the business onto the next level.
The company manufactures a wide range of products on a made to order basis, which are supplied to their regular, repeat customer base of electrical wholesalers, distributors and contractors, predominantly within the UK market place.
Amongst the database of regular customers, the company have produced products for some of the UK’s best known brand names.
The business is profitable and easy to run with low overheads and works to simple business principles of providing an efficient, competitive and quality service to its customers.
Leasehold
Rent is circa £36,000 per annum, plus VAT with rates of CIRCA £14,000 per annum. Outside there is ample car parking space.
The business runs from a rented, industrial unit which measures circa 13,000 sq. ft. There is a large workshop with separate assembly and storage rooms with toilets and canteen area. There are spacious offices and showroom with room for growth and expansion
The rental agreement on the premises runs until 2009. Rent is circa £36,000 per annum, plus VAT with rates of CIRCA £14,000 per annum. Outside there is ample car parking space.
The company has spare capacity, throughout the year in the factory, and there remains scope for an increase in production to bring in further turnover and profits. This can be done by increasing the sales order book or by producing other complimentary products. They have been trading consistently over the past few years and the current owner has maintained the business at a level that is comfortably manageable by him based on the current infrastructure. There is a definite opportunity to sell directly, their range of products to the major supermarkets and hypermarkets in the UK. The company has a small marketing and advertising budget, obtaining the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality and service which is provided
The owner would be happy to help out with a smooth transition of the business and help in anyway possible.
The owner would like to pursue other business opportunities and believes this would be a perfect time for someone to take the business onto the next level.
Financial Details
Asking price:
£625,000
Sales revenue:
£600,000
£625,000
£600,000