Leasehold
Asking price includes:
An impressive annual turnover of £530,000
Gross profit margin of £137,000
Adjusted net profit of £65,000 per annum
Huge scope and potential for new owners to explore
The goodwill fixtures and fittings and current stock approx £68,000
Excellent growth opportunity
Loyal customer base
Business profile:
Turner Butler are pleased to offer for sale this established business that retails a variety of products at wholesale prices. Goods include hand tools, automotive tools, woodworking tools, gardening tools, housewares and brushware and so much more to include everything from tape and packaging through to pet and security products.
The business premises are situated in East Anglia and attracts an extensive hardcore customer base. The business conveniently trades for 5 days a week run by a full time employee under the guidance of the owner and assisted by another staff member working in the office. The business has a healthy annual turnover in the region of £530,000 and profits an impressive adjusted net profit for the owner in the region of £65,000 per annum.
Trading as a limited company the business is being sold for 100% of the issued share capital on a cash free debt free basis. The current asking price for the business is inclusive of the stock holding which can fluctuate but we are advised currently stands in the region of £68,000.
Due to other commitments the current owner is unable to give this business the time it requires to grow, however the potential is there for a new owner with energy and enthusiasm. The business has an established website to promote all of the products that this business has to offer.
