Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Export Sourcing And Supplies Agent With Focus On Electrical Components And Mechanical Products
LISTING DETAILS
Firms For Sale ID:
24386
Vendor reference:
GK200
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£475,000
Turnover / revenue:
£1,400,000
Net profit / cashflow:
Undisclosed
Years established:
25
Trading hours:
Monday Friday: 9:00 am 5:00 pm, with out of hours calls received
Number of employees:
4
OTHER DETAILS
Reason for selling:
The vendor believes the business will be served well from an investment sale. He is looking to enjoy semi retirement, although he will consider a longer term engagement with the business if that is of interest to all concerned.
Support and training:
The vendor is agreeable to a period of training and handover, and as aforementioned, will consider a longer term arrangement if required
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
There is 3 years remaining on the current fully renewable lease, with an annual rent of around £12,000 with business rates payable circa £3,000.
BUSINESS DESCRIPTION
Export Sourcing and Supplies Agent with focus on Electrical Components and Mechanical Products
Ref.GK200
Location Hertfordshire
Asking Price £ 475,000
This well known and respected export sourcing agent was established in 1985 by the vendor and founder of the company. After a background in electrical wholesale, the vendor capitalised on a gap in the market to supply electrical products internationally at keenly competitive prices. By taking on the onerous tasks of handling all import, export paperwork, logistics and management the company has built an enviable reputation in the marketplace for souring the right products fast with on-time delivery at competitive prices.
After the initial focus on Electrical products, the company quickly diversified into sourcing mechanical products also, mainly with Industrial and Petrochemical end users. From this, the business has built strong links with businesses of all sizes internationally, including strong links with the Libyan Oil Industry, and major companies in developing countries. This results in the business being very well placed for consistent future growth.
Although known for handling mechanical and electrical products such as Generators, Heavy plant, cable drums and motor equipment, the business is proud that with a database of over 16,000 suppliers internationally, the company can source all types of products and suppliers, and is the go-to company when there is an urgent requirement for goods to be placed anywhere in the world with the minimum of headaches on behalf of the client.
Expansion Potential
Whilst goods are in transit, capital is tied-up at sea or in the air. With the supply and demand already in place, the vendor believes that the business is primed for excellent further growth with further cash flow investment for the shipment of more goods worldwide. The business has also recently started sourcing some very unique products in the petrochemical sector which could have numerous uses worldwide in all types of industry and environment. There is an opportunity to sign a sole distributor contract with the manufacturer which could become very profitable in the years to come.