business for sale

Established Wholesaler Quality Sealants, Fixings and Adhesives

Businesses for Sale

Sale Memorandum

Established Wholesaler Quality Sealants, Fixings and Adhesives


Ref.IJ002

Location Cambridgeshire

Asking Price £ 75,000

Confidential offered for sale

Asking price includes:

Well-established business with over 15 years of trading
Reputation for quality & service
Comprehensive product range
Established customer base
Excellent potential
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 business was formed by the vendor in 1991 and became a limited company in 2003. This successful wholesaler supplies to mainly double-glazing companies and to the building trade with many tilers using the adhesives. A complete package of products is offered that incorporates a comprehensive range of sealants, fixings and adhesives at very competitive prices.

The company has developed a reputation for supplying high quality products being distributors for all leading sealant manufacturers and supplying a first-rate combination of quality products, service and price.

The company are able to offer flexibility, with value for money and prompt delivery to all customers – unlike many larger businesses, and ensures a competitive advantage for the business.

Customer Service:

Attention to detail regarding all products supplied by the company is the foundation for the considerable success that has been achieved to date. The proactive approach adopted by the management & staff ensures customer requirements are delivered to full satisfaction.

Key Strengths:

This well-established Company has built up excellent business relationships with its supply base and customers many of who are long standing and rely on a high standard of service. The Company has experience and good product knowledge and sold over 55,000 tubes of silicone last year (2005) thus establishing a considerable market advantage over competition. Originality, quality, reliability and value for money provide the basis for the considerable success achieved and the established and loyal customer base.
Key Opportunities:

There are excellent opportunities to increase the level of business. Investment in sales representatives and company promotions would be a positive opportunity to increase turnover.

The present owners consider that incremental business could be achieved not only with existing customers but also by the development of new markets. A new owner with sound management experience will provide enthusiasm, impetus and energy and possibly a wider range of products to drive the Company forward thus exploiting potential new business. The Business current working hours are Monday to Friday 07.30 to 17.00. It is feasible therefore to introduce weekend trading.

The business would also fit in well with an established fixings supplier already stocking sealants or business merchant wishing to expand.
Premises:

This business is fully re-locatable there are no premises included in this sale, the majority of work is currently undertaken from home.
Advertising and Marketing:

To date the Company has invested limited money on marketing and has advertised in yellow pages and the local press. The Company is a recognised supplier with a great reputation and therefore most trade comes via word of mouth. A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat customers while continuing to attract new referrals. The Company delivers what it promises.

The company website is a valuable asset, which gives customers the opportunity to browse the comprehensive product range in detail.
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 available accounts show turnover is in excess of £177,000 with gross profit in excess of £33,000 and gross profit margin of 19%.
Employees:

The company employs one Managing Director a Company Secretary and one Part Time Driver.
Support and Training:

The owner is happy to negotiate a handover and training period with the successful purchaser.
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

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