Electrical Distributor - Supplying Wholesalers, Trade & Retail Marketplace
Price:
Leasehold - £100,000
Location:
UK Non-Specific, Fylde Coast Blackpool
Business Type:
Corporate Businesses, Retail businesses
This substantial and stable business was founded by the current vendors over 25 years ago and during this time it has established itself as a key supplier to the electrical marketplace in the region, enjoying good growth year on year. The business has developed a good range of in-demand products and enjoys some regional exclusivity with key suppliers for items such as lighting and electrical sockets and fittings.
The company currently has 3 ways to serve the market. It started life as a traditional electrical distributor supplying electrical wholesalers in the region with products. This is still a core part of the business but the company has also developed a separate trade/retail site which complement this perfectly. Together these two areas generate some 66% of current revenues. This side of the business has a broad range of regular clients including tradesmen, contractors, commercial businesses( hotels, restaurants, shops etc) both locally and regionally as well as the general public.
The remaining 33% of revenues currently come via e-commerce. The business developed an interactive website some 8 years ago and supplies a whole host of retail customers both within the UK and abroad. The website is very impressive and secure and the business also enjoys “Top Rated Seller” status on E-Bay such is its commitment to quality and service.
Historically this business operated from 2 sites close-by but the vendors have recently consolidated the operation to run from one single site. This has streamlined the business further and this is expected to improve future profitability without affecting customer service levels.
The business operates from well suited retail premises ideally situated with good accessibility on a busy thoroughfare.
Site is freehold. Freehold valuation is circa £225,000. The freehold is currently NOT included within the sales price but the vendor would be happy to sell it if a new owner so required, subject to negotiation . The retail unit is ideally located on a parade of shops on a main route in a built up area. The site comprises ground floor shop, kitchen and toilets with additional storage unit to the rear (total circa 1150 square feet). There is also a self contained 2 bedroom flat above with separate entrance providing rental income. Rates are circa £1270 p.a.
There is ample parking fo
Monday – Friday: 0830-1730
Saturday: 0900- 1300
North Yorkshire
£ 750,000
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