JH034 - Commercial and Domestic Supplier of Hand/Power Tools Bolts and Bearings

Introduction: Turner Butler has been appointed to invite offers for 100% of the issued share capital of this long time established Hand/Power tools, bearings, bolts, and welding business. Business Profile: The company provides an efficient, reliable bolts and bearings service in East Anglia. They repair tumble dryers, washing machines, building and mechanical equipment, earth moving equipment and air conditioning units - over 50% of their turnover is from Hand/Power Tool sales. Key strengths With 19 years industry experience, the business provides an efficient, reliable service across East Anglia. Financial performance: Turnover c. ?485,000 Gross profit c. 25.5% Adjusted net profit c. ?46,000 Asking Price: The asking price of ?109,000 plus stock is for 100% of the issued share capital of the company. Advertising and Marketing: The company`s long standing reputation removes the need for any significant advertising spend. Premises: The company operates out of leasehold premises with current annual rent and rates totalling ?7,000. Employees: The business works with sub contracted labour and two employees. Financial Information: 100% of the issued share capital of the company 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. Turnover c. ?485,000 Gross profit c. 25.5% Adjusted net profit c. ?46,000 Reason for Sale: Retirement

For more information on JH034 - Commercial and Domestic Supplier of Hand/Power Tools Bolts and Bearings talk to Turner Butler Limited (Business Broker)