Prominent Independent Equipment and Tool Business in West Yorkshire for Sale
Undisclosed, West Yorkshire
- Status
FOR SALE
- Date Submitted:
26/10/23
- Advert ID
601710
- Reference
RB10535 / Rightbiz
- Call Agent:
- Freehold: £1,000,000 (Stock at valuation)
- Turnover: £918,828 (£17,670 Per week)
- Net Profit: £150,000 (17% Profit margin)
Key Features
- Large Business for Sale
- Fully Fitted
- Close to Local Amenities
- Established Business
- Town Centre location
- Adjacent to Multiple Retailers
- High Turnover
- Retirement Sale
- Accounts Available
Business Details
Very Well known, Local, Independent, Equipment and Tool Provider Business
Alan J Picken are delighted to offer this very well-known, local, independent, equipment and tool provider business onto the market.
Even for the most discerning of purchasers, this is a superb opportunity to acquire a very well-known, local, independent, equipment and tool provider business, which is only offered for sale due to our clients wishing to take a very well-deserved retirement after nearly 30 years in the business. The business is an independent local company committed to providing it’s customers with a personal, friendly and efficient service at the right price.
The business operates from two sites throughout West Yorkshire, both sites attract a very regular clientele from the area and surrounding conurbations. Both sites have a monopoly in the area for hire and sales with no competition within the vicinity.
As one of Yorkshire’s leading equipment and tool providers, they regularly supply, hire and repair to the construction industry and domestic trade. It is a major stockist of many renowned brands. The company has been at the forefront of supplying quality tools and equipment to the UK trade and DIY markets for over 30 years.
Turnover £918,828 on year-end December 2022 accounts.
Gross profit 51%.
Adjusted Net Profit circa £150,000.
Our clients advise us that they will give every assistance to ensure a smooth seamless transition.
Businesses and properties of this calibre and locale are the exception hence we strongly recommend genuine prospective purchasers view early in order to avoid disappointment.
Business & Freehold Property £1,000,000 SAV
West Yorkshire
Reference. RB10535
Contact Agent
Listing Statistics
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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