The business was established by the current owners over 16 years ago and is only now offered for sale due to retirement.
The current owners have continued to grow the business and have developed an enviable reputation in the industry, with a large loyal customer base. This ensures much repeat trade and many word of mouth recommendations. The substantial client list ensures excellent annual turnover and the company has continued to be financially secure without any external advertising or sales practices.
The company sources and distributes a wide and varied range of engineering supplies. Examples of supplies are bearings, pulleys, linkages, belts, bolts, gearboxes, transmissions, pneumatics, maintenance products, tools and adhesives.
This company would make an ideal bolt-on opportunity for an expanding operator and offers huge potential for future growth. Currently serving a modest market, the scope for expansion and development of the company is excellent. Introducing sales and marketing department would provide the opportunity to fully concentrate on expanding the client base.
The business would certainly benefit from the addition of a professional website, which could showcase the items available and offer an e-commerce ordering facility. This could be linked to on-line marketplaces, such as eBay, which would enable the company to connect to many new national and international customers.
Company for sale - £200,000
Annual turnover - £408,000
This is a fantastic opportunity to acquire a well respected engineering supplies and distribution business, which has excellent scope for future expansion. Prompt, confidential discussions with Aspire must come strongly recommended.
Is this business relocatable: Yes
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