Business description

Our client established the business in 1985 as an independent wholesale supplier of industrial, commercial and domestic electrical apparatus. The core customers include electrical contractors, industrial users and retail outlets. The businesses also caters for the DIY enthusiast and has 20% of turnover from cash accounts. The company offers a free daily delivery service.
The company carries comprehensive stocks of electrical products servicing customers from all market sectors, including hospitality, health, leisure, retail, industry and commercial enterprises. The business buys direct from the manufacturers/wholesalers and deals in all the major brands. The business provides an invaluable service to industry, supplying the best products at very competitive prices.
The business has a justified reputation for being a leader in this sector. The company’s goal is to fulfil clients’ needs by providing a true business partnership. The company offers one of the most flexible and responsive services available today in this sector. The company bases its success on its quality, value and integrity.
Customer Service:
The staff have excellent product knowledge and advice is always readily available.
This business presents an excellent opportunity to invest in an established name that prides itself on good old-fashioned customer service, which has encouraged and sustained customer confidence and loyalty.
Key Strengths:
The business has gone from strength to strength since inception, offering a wide range of products from this excellent location. The business offers friendly and helpful service and, giving significant growth in profitability.

Property information

Property:

Leasehold

Lease terms:

Our client advises us that the all three units are on one combined lease
Original Length: 5 years
Years remaining: expires 2012
Rent: £12,540 per annum
Rates: £4,620 per annum

Leasehold rent:

£12,540 per annum

Location:

The company operates from three adjoining leasehold industrial units

Premises details:

The company operates from three adjoining leasehold industrial units.The premises offer 2,700 sq ft of accommodation.

Unit 14; Warehouse and storage
Unit 13; Warehouse, storage and accounts office
Unit 12; Trade counter, sales office

Other information

Expansion potential:

With a proven history of success, strategic expansion of the business into related products, and an investment in an up-to-date computer administration system with stock control, would make this business more efficient and offer even more upside potential.

The owner recognises that while the business is acknowledged for its quality of service, more assertive marketing will help build this excellent business into an even bigger cash earner for any enthusiastic new owner.

Our clients have fully recognised that the business size, turnover and profits could be increased through the following:

1. Organic growth
2. Introducing of new products
3. Producing a new web site and promoting e-commerce
4. Increasing external sales staff
5. Opening satellite depots
6. Employing a full time sales representative
7. Advertising, leaflets and brochures or direct mail

Reasons for selling:

Retirement

Trading hours:

The business operates a 5 day week, Monday until Friday, 7.45 am-5.15 pm