JH032-North Wales-£450,000-Engineering Distributor Industrial Bearings

North Wales, United Kingdom (Relocatable)

JH032-North Wales-£450,000-Engineering Distributor Industrial Bearings
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Asking Price: Get Financing: $637,245

Cash Flow: N/A

Gross Revenue: $1,121,551

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: 1993

JH032-North Wales-£450,000-Engineering Distributor Industrial Bearings

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Business Description

Engineering Distributor
Industrial Bearings, Pneumatics, Hydraulics, Motors & Transmission Parts/ Equipment
Ref. JH032
Location : North Wales
Asking Price : £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 ad-hoc 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 15-20 mile radius of the company’s 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 £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.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
04
Facilities:
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 £14,000 p.a. including maintenance and insurance. Rates are circa £6,000 p.a. The business could easily be relocated at minimal cost should a new owner so wish.
Competition:
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.
Growth & Expansion:
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.
Support & 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.
Reason for Selling:
Planning exit with future retirement in mind.
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Reeta Verma

Business Listed By:
Andrew Hudson

Turner Butler

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