The business was founded more than 25 years ago and has since grown to become a well-established and highly respected brand name with outlets in the Kent area. All premises are in excellent accessible locations with ample on-site parking facilities, and the business has developed a reputation for having knowledgeable staff and delivering outstanding customer service.
The company sells a wide range of products including screws, nails, nuts & bolts, sealants, solvents and adhesives, woodcare and metalcare products/accessories, ironmongery, electrical supplies, garden and decorating products, tools and workwear.
The stores attract a good mix of trade and general public, and the company has more than 400 well-established trade account customers. The business also enjoys a superb relationship with suppliers and has an exclusive agreement with certain key suppliers.
Sales have remained strong over recent years and total group turnover for the financial year ended 31st March 2019 was £2,261,087. Average adjusted net profit for the last 3 years has been calculated at approximately £230,000 per annum.
This is clearly already a very successful company which remains independent under the sole ownership of the original founder and managing director. However, it is considered that there is still great potential for further development of the business through opening additional stores in the South east region, extending the current trading hours and particularly through increasing online sales which represent less than 5% of the overall turnover at present.
The sale of the business includes freehold properties with a combined valuation in excess of £1,000,000. In addition, there is one leasehold property which is held on a secure commercial lease.
The business may be suitable for a private owner who could take over the general management of the company and benefit from the excellent financial rewards. Alternatively, the company will also be an attractive bolt-on proposition for existing businesses already operating in the Builders Merchants & DIY sector.
This is a rare opportunity to purchase such a well-established and profitable business which still offers huge potential for future growth and development. For further information, please email: firstname.lastname@example.org or call Mark Jameson on 01273 803777.
Freehold £1,750,000 Ref: D34034Z