Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Franchised Electronics Components Distributor

LISTING DETAILS
Firms For Sale ID:
34556
Vendor reference:
IG034
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£260,000  
Turnover / revenue:
£311,000
Net profit / cashflow:
£34,000
Years established:
38
Trading hours:
Monday Friday: 9:00am 6:00pm
Number of employees:
1
Employees / staffing:
This is a family run business that has been successfully run over the years by the owner and his wife plus 1 x administration/marketing employee at this time.

OTHER DETAILS
Reason for selling:
The owner now wishes to pursue other business interests.
Support and training:
Support and training will be provided to ensure continuity of trading and a smooth transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a 2 storey warehouse facility of circa 1,100 square feet and rent is payable at GBP 6,000 per annum and is agreed on a rolling format.
 
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BUSINESS DESCRIPTION
Franchised Electronics Components Distributor
Exclusivity for UK distribution with leading International Manufacturers
Ref. IG034
Location : Buckinghamshire
Asking Price : GBP 260,000
This successful electronics components distribution business has been established for more than 38 years and has earned an excellent name & enviable reputation for its standards of both product quality and service. A well known supplier to the industry throughout the world, the business has a extensive and almost unrivalled, stock of products that ranges from the most up to date and current to the almost historic.

Certain components may not have been manufactured for some years but the scope and range of this business stock is such that many clients have been saved the effects of significant replacement costs of whole units by virtue of this business ability to source valuable items no longer in production. The main business accommodates the commercial and industrial sectors and supplies its products throughout the world.

The business has recently been made the sole distributor for a significant manufacturer in the USA and crucially part numbers are specific for the company protecting and ensuring future business for ongoing projects and future design in projects. This is especially important for who design in when parts go EOL with no replacements.

The business has been in the current owners ownership since 2009, when it was acquired from the founder.

Stock management is of paramount importance and so staff are able to provide instant stock availability and delivery information, quotations, negotiate volume pricing and organise scheduled orders readily, for customers.

For certain manufacturers this company possesses the largest stock of components in the world.

The business utilises Microsoft Excel and Sage for its stock control, customer data management and accounting.

The business manages as many as 100 individual clients as an average, in any goven month and this leads to an average 150 orders per month.

Market / Competition / Non-Competition Agreements
The business has undertaken consistent advertising in trade magazines and global purchasing forums and also benefits from strong referrals, repeat business and word of mouth recommendations that generate revenues. The website is active and ongoing; however there is no on line purchasing facility at the moment.