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For Sale : Established Plumbing and Heating Supplies Business

Turner Butler News and PR from Turner Butler - Published 10 April 2024 Established Plumbing and Heating Supplies Business Ref No: GD122 Asking Price: 200,000 plus NAV Location: London
Business Profile:
This exceptional plumbing and heating supplies business operates from six attached shop units effectively converted into one. Adjoined to the shop front is an immaculately presented warehouse which boasts unbelievable storage and comprehensive levels of stock.


Customer Service:
Customer service is paramount. This is borne out by 45 years of successful trading and the retention of many long-term trade accounts.


Key Strengths:
The business commenced trading many years ago. It operates from a superb prominent shop front and storage unit. A smooth and impeccable trading history is its major key strength.


Financial Performance:
Turnover c. £1,600,000
Gross profit c. 23%
Net profit: £63,000


Asking Price:
The asking price of £200,000 + net assets (total net asset value including stock, net debtor book and net cash is £325,000) is for 100% of the issued share capital of the company. We are advised that the NAV includes c£300k of stock.


Advertising and Marketing:
The companys long standing professional reputation removes the need for any advertising spend.


Premises:
Five shop units and one shop blended into one, providing an area of approximately 15,000 sq ft adjoined to an immaculately presented warehouse. There are also 2 designated parking spaces outside the shop.


Employees:
There are 5 full time employees plus 2 part time. The managing director is prepared to offer an extensive handover.


Financial Information:
The issued share capital of the company 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.


Reason for Sale:
Retirement of the older shareholders.
This exceptional plumbing and heating supplies business believes good customer service is paramount

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