Home Based (Other) for sale in Eastleigh

View the "HOME-BASED SUPPLY OF FIXINGS, FASTENINGS & PROTECTIVE WEAR" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

HOME-BASED SUPPLY OF FIXINGS, FASTENINGS & PROTECTIVE WEAR

Eastleigh, Hampshire, England

  • Price: £49,950
  • Annual Turnover: £138,339
  • Annual Gross Profit: £66,846
  • Annual Net Profit: £37,553
Seller Reference: HW1523
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Business Description
 
 
 
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Seller Reference: HW1523
Request Details
Business Description
LOCATION:

This business once operated from commercial premises but the vendor decided to relocate and has successfully operated it from home since 1997. The business is ideally positioned close to the M27 and M3 motorway network providing fast and convenient access for their personal delivery service to local clients across Southern Hampshire.

BUSINESS:

This profitable and established, independent home-based business offers an out-sourced Procurement Service to various businesses. Stockists and distributors of fasteners and fixings, hand tools, power tools, consumables and manufacture specials. Niche suppliers of an extensive range of stainless steel and copper fasteners and fixings to he petro-chemical, marine and engineering sectors, the product range has built up over the years to suit their clients’ repeat orders. Spill wear for oil spillage, includes absorbent spill mats, steel drum stores, steel cabinets absorbent pads, absorbent rolls, absorbent granules and drain protection.
Consumables includes rags, protective clothing and gloves are popular, regularly supplied items to a client base numbering in excess of 45 businesses.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

The vendor operates this home-based business from a detached office measuring 17’3” x 7’3” (125 sq ft)/ 5.3m x 2.25m (12 sq m) and a racked storeroom of identical size. The office provides sufficient room for three work stations. A buyer looking to relocate this business would therefore need to find only 250sq ft / 12 sq m of combined office and storage space.
Note:
Where items of equipment and appliances are mentioned, no warranty is
given or implied as to their operational condition.

TRADE:

Accounts inspected by Adams & Co for the year ended 28 February 2018 show turnover of £138,339 with gross profits of £66,846 (48%). This compares favourably to turnover for the previous year £126,882 with gross profits of £57,207 (45%). Reconstituted net profits for 2018 were £37,553 compared to £30,876 for 2017.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:

Monday to Friday 09:00 to 17:00

STAFF:

The business is family-run. The vendor works an 8-hour day, 3 days a week dealing with Procurement, Credit and Stock Control. His wife works an 8-hour day, two days a week managing the Sales and Purchase ledgers while their daughter, who is keen to remain with the business post-sale, works an 8-hour day, 5 days a week as the Customer Relationship Manager and is responsible for sales and deliveries and also assists with Procurement.

STOCK:

Reflecting the excellent relationships enjoyed with suppliers the value of the stock held by the business is minimal, averaging just £2,000.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs.

COMMENTS:

Retirement sale.

Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Trading hours:
Monday to Friday 09:00 to 17:00
Number of employees:
1 x full time, 2 x part-time
Location Details:
Operating from home.
Other Term:
The business operates from the vendors' home.
Is this business relocatable:
Yes
Is this business home based:
Yes
Listed by:
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