This is a superb opportunity to acquire a well-established, Engineers Merchant business based in Blackburn, Lancashire. The business is available on a leasehold basis.
The business operates as a leading retailer of nuts, bolts, fastenings, and all the leading makes and models of hand tools and power tools to their loyal customer base. They sell an extensive range of products from hand tools, fastenings, welding equipment, and safety workwear to power tools, engineering tools, air tools, and much more. They have a loyal customer base and can boast over 200 trade accounts, with many of these using the business on a regular basis. They sell most of their products to trade companies in Blackburn and across the Northwest via their fully functioning website, on eBay, as well as over the counter. The sale includes all stock which has a value of approximately £200,000 – £250,000!
The business has been established since 1989 and became a Limited company in 2009 and has experienced substantial growth on an annual basis since they began trading. They have built up an excellent reputation amongst the local community and are considered a household name in the town. One of the key reasons to their success is their team of experienced, knowledgeable staff who are always on hand to offer advice on their vast range of products. They can also boast a loyal customer base which has resulted in a vast amount of repeat and recommended business which has led to impressive financial figures over a sustained period.
The business has a prominent location on a busy industrial estate in the town and the vendor has skilfully combined the character features of the property with modern fixtures and fittings.
• Excellent reputation
• All stock included – £200,000 – £250,000 value
• Loyal customer base
• High quality premises
• Excellent relationships with key suppliers
• Loyal, reliable staff
• Established since 1989
• High turnover – £750,000 (approx.)
• Excellent location
• Huge potential
• Car parking outside
• Retirement sale
It is with a heavy heart that the current vendor is selling due to a retirement. Due to the nature and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking for an established business within the retail sector or an existing business looking for a lucrative acquisition.
This business has experienced a substantial amount of interest at an initial stage, so to avoid disappointment, please contact us for further information.