business for sale

Independent Company offering Industrial Fasteners/Engineers Merchants and Tool Hire

Businesses for Sale

Sale Memorandum

Independent Company offering Industrial Fasteners/Engineers Merchants and Tool Hire


Ref.IJ003

Location Staffordshire

Asking Price £ 220,000

Confidential offered for sale

Asking price includes:

High level of continuity of staff ensuring maximum customer confidence
A trusted and respected supplier of fasteners plus engineering consumables
Long established relationships with key account holders
Expert advice on all aspects of tool hire
A trusted and respected name in the industry
Prominently situated in a Prime position
Many years of successful operation
Excellent quality of equipment
Large trade counter
A friendly professional service
Lucrative profit margins
Delivery and collection
Sales, repairs & service
Informative Website
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This well-established independent fasteners and tool hire Company has been offering professional assistance and a friendly efficient service to private and commercial customers for more than 30 years.

Established in 1975, this company has achieved a highly respected reputation in its field.

The professionally run company prides itself on having a well-stocked shop with busy trade counter and can supply virtually any fasteners and engineering consumables/welding equipment, air equipment plus a large range of tool hire equipment.

The business offers a reliable, prompt and efficient service in the delivery, maintenance and collection of equipment and provides complete and accurate documentation to support all transactions.

The success of this Company is many faceted, trading from strategically located premises, the reliability of the equipment and customer service, the ability of meeting clients schedules and high quality standards and professionalism, to mention but a few.

The business offers a fantastic opportunity for a discerning purchaser to take over an already successful business and take it to the next level.

This independent Company has an excellent reputation and is very profitable with a strong customer base and has tremendous potential to increase its margins still further.

Customer Service:

The Company believes that good value for money starts with excellent customer service. It has experienced employees and has achieved an excellent reputation. Continued investment ensures they are able to provide customers with the most comprehensive and modern range of tool hire equipment, supported by the highest levels of service backup in the industry.

Staff are professional and courteous every time in dealings with customers and ensure they understand fully customers' needs and exceed their expectations, with pricing that is always fair and competitive and represents excellent value for money.

Key Strengths:

This business aims to be the customers' first choice for rental equipment; a strong working culture and environment allows staff to develop within the Company. This business continues to grow, in the area of its tool hire equipment, its staff and above all, its expertise in the market. Offering exceptional levels of service, this business fulfils customer needs with the appropriate mix of service, reliability, equipment and pricing.
Premises:

These extensive fully equipped premises are situated in a prime geographical location. The premises are leasehold with 15 years remaining at a current rate of £7,500 per annum. The premises are well maintained and fit for purpose, with excellent capacity for expansion and growth, providing well-suited space for this business. The site is very secure with excellent signage and has the significant benefit of a large self-contained surfaced yard area that provides ample parking facilities. The premises are superbly located for access to major roads and motorway networks.
Advertising and Marketing:

The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively. Upgrading the existing Internet web-site would promote further sales growth opportunities.

The business has introduced free issue company writing pads, these are distributed generously amongst the customer base which acts as a powerful reminder/ prompt and is an excellent form of advertising.
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 and Butler

The current turnover is circa £500,000 per annum.
Employees:

The business is managed day to day by the current owner and is supported by a general manager and support staff.

The Company employs experienced, helpful staff that ensures maximum customer confidence. Over the years the employees have developed strong relationships with customers and major accounts holders.
Support and Training:

The current owner is prepared to stay in the business to complete a full handover to the successful purchaser for an agreed period of time.
Reason for Sale:

Retirement sale.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

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  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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