Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Engineering Distributor Industrial Bearings, Pneumatics, Hydraulics, Motors & Transmission Parts

LISTING DETAILS
Firms For Sale ID:
34877
Vendor reference:
JH032
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£450,000  
Turnover / revenue:
£792,000
Net profit / cashflow:
Undisclosed
Years established:
25
Trading hours:
Monday Friday: 0800 1730 and a call out service is also available to customers such are the service levels it provides.
Number of employees:
4
Employees / staffing:
Two directors work full time in the business. The business also employs two full time staff who work as administrators/delivery drivers and sales assistants. The staff are loyal, knowledgeable and a real asset of the business.

OTHER DETAILS
Reason for selling:
Planning exit with future retirement in mind.
Support and training:
The vendors will provide a comprehensive handover to ensure a seamless transition of ownership. Vendors would also be more than happy to stay on for a further extended period should a new owner so require, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from ideal leasehold premises on a well known industrial estate close to all its major customers and easily accessed. It comprises an industrial unit circa 3,600 square feet with offices, trade counter and warehouse, parking etc. Current rent is circa GBP 14,000 p.a. including maintenance and insurance. Rates are circa GBP 6,000 p.a. The business could easily be relocated at minimal cost should a new owner so wish.
 
Image Not Found
 
 
 
Image Not Found
BUSINESS DESCRIPTION
Engineering Distributor
Industrial Bearings, Pneumatics, Hydraulics, Motors & Transmission Parts/ Equipment
Ref. JH032
Location : North Wales
Asking Price : GBP 450,000
This well established and reputable business was set up over 25 years ago by the vendors and in that time has grown into a highly professional and respected distributor of bearings, power transmission and engineering consumables. The company provides a broad range of high quality parts and components (including motors, gearboxes, injectors, pumps, fasteners, belts, couplings, lubricants and consumables) to customers within a variety of markets including the industrial, commercial, manufacturing and production sectors.

The business has set up an enviable supply chain over the years and sources parts direct from manufacturers/suppliers that are leaders in their fields. The manufacturing companies provide in demand reliable parts that are synonymous with quality and the brands speak for themselves.

The company has circa 40 regular account customers who order on a weekly/monthly basis with further secondary customers who order on an adhoc basis. In saying that the business is always attracting new referrals such is its reputation and this customer base could easily be expanded upon with a focused sales and marketing strategy.

The current customer list is very impressive and includes large blue chip clients who have significant presence in the region as well as small local organisations. The majority of sales are within a 1520 mile radius of the companys location this is strategic and ensures highly impressive service levels can be provided which really gives the company a competitive edge , especially as many of the products they supply ensure the smooth running of some large scale production facilities.

The company generates impressive profits, has a sterling reputation and holds a strong level of high quality stock (circa GBP 200,000) which ensures it can deliver mission critical items to its clients time and time again.. It has low fixed overheads and operates from rented premises so could easily be relocated should a new owner so require.

Expansion Potential
The company has access to further product ranges and could easily expand its product offering to incorporate more complimentary items. A more proactive approach to sales (the business has never felt the need to go and visit customers on a regular basis) and indeed to e-commerce would also improve performance as the products this company sources are used throughout the world so the target markets are huge.

Moving forward the business could easily look at setting up other depots replicating this highly successful model as the key supply chains are already in place. It chooses to operate on a local level but there is no reason why it could not spread itself wider as many of the companies it currently works with have multi-site operations in the UK and overseas.

Market / Competition / Non-Competition Agreements
The business has never felt the need to advertise as it enjoys high levels of repeat business, word of mouth recommendations and referrals. It could certainly benefit from a more strategic sales and marketing approach. The business has a basic website but its online presence could certainly be enhanced through further website enhancement including the development of an e commerce facility to sell its products.

The business is also supported through manufacturers brochures and literature.