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Asking Price:	$625,000 GBP United Kingdom Pounds
Business for Sale Industry:	Manufacturing: Non-classifiable
Reason for Selling:	The owner would like to pursue other business opportunities
Yearly Revenues:	$600,000

Business for Sale Overview:

This is an exceptional opportunity to purchase an established British manufacturer producing electrical accessories with a recognizable brand name. The company manufactures a wide range of products on a made to order basis, which are supplied to their regular, repeat customer base of electrical wholesalers, distributors and contractors, predominantly within the UK market place. Amongst the database of regular customers, the company have produced products for some of the UK’s best known brand names. The business is profitable and easy to run with low overheads and works to simple business principles of providing an efficient, competitive and quality service to its customers.

Property Features and Assets:

The business runs from a rented, industrial unit which measures circa 13,000 square feet. There is a large workshop with separate assembly and storage rooms with toilets and canteen area. There are spacious offices and showroom with room for growth and expansion. The rental agreement on the premises runs until 2009. Rent is circa £36,000 per annum, plus VAT with rates of Circa £14,000 per annum. Outside there is ample car parking space.

Market Competition and Expansion:

The company has spare capacity, throughout the year in the factory, and there remains scope for an increase in production to bring in further turnover and profits. This can be done by increasing the sales order book or by producing other complimentary products. They have been trading consistently over the past few years and the current owner has maintained the business at a level that is comfortably manageable by him based on the current infrastructure. There is a definite opportunity to sell directly, their range of products to the major supermarkets and hypermarkets in the UK. The company has a small marketing and advertising budget, obtaining the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality and service which is provided.

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This may become a homebased business opportunity.
• This may become a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.