Business for sale in United Kingdom – West Midlands – England – Gk230-independent electrical distributor- west midlands

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Business for sale in United Kingdom - Gk230-independent electrical distributor- west midlands

Asking Price: 425,000 £ Real Estate: Lease
Sales Revenue: 875,000 £
Net Profit: 1 £
Year Established: 2003
Employees: 3FT, 1PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/England/West Midlands

Business types:


Business categories:

Lighting Stores ; Other Retail Trade

Business description

This well established and reputable business has been trading successfully for some 10 years in the region and specialises in the stocking and supply of a broad range of electrical and lighting products to, in the main, end users and their approved facilities management companies, who require high quality products and exceptional service levels. the vendor and his staff have many many years experience in the electrical wholesale and distribution business and have used this knowledge to develop this business in such a way as to differentiate it from the more traditional wholesale/distribution companies. Rather than supplying the electrical contractors this company has approached the market in a different way. The company works directly with the end-users and their associated facilities management companies to provide a full turnkey supply solution to meet their expected levels of service. Services provided include: • full 24/7 call out service to designated account customers • meter calibration services • recycling and energy reduction/green energy solutions • lighting design services • free deliveries • customer stock management services • specific product sourcing and hire services the business can cater for any sized enterprise and as such offers a huge range of solutions to meet the required budgets. Because of this it can boast a very impressive range of regular and loyal customers including many blue chip organisations such as hotel chains and facilities management companies who are responsible for sites such as large retail parks, shopping centres, hospitals etc. The business has some 70 regular clients and a healthy spread of business which has ensured consistent levels of business, even through the current tough economical trading conditions. the business has long established supplier relationships in place with many leading companies within the markets it serves and this enables them to keep abreast of new products as and when they are made available to ensure client’s current and future needs are maximised. the company has an incredibly good reputation in the area and beyond. The business is very service driven and as such is regarded very much at the top of the market for both stock-holding, quality of products and delivery. the business is ideally located to serve its market and it has many customers, both on local and regional level. The business prides itself on its speed of response and proactive sales and servicing approach ensuring clients always carry adequate stock of mission critical items.

Additional information

Additional information: Not Disclosed
Support & training: Full support, detailed handover and training will be provided to ensure a seamless transition of ownership as required. Vendor may also be prepared to stay on within the business on a part time basis if so required.
Reasons for selling: The vendor believes the business needs a new injection of business acumen and energy to take it through its next period of growth and maximise the many opportunities at its disposal. He also wishes to spend more time in his second home overseas.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Current lease is a rolling 12 month contract. Current rent is circa £14,000p.a. Rates are circa £6500 p.a.
Location: The business operates from leasehold premises, situated on a well know industrial estate in the city. The unit has good signage and access and comprises circa 2500 square feet of office, warehouse and trade counter space. There is ample parking for customers and staff. The site is secure with roller shutter doors, CCTV and alarm system.

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