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Business for sale in United Kingdom - Ge062-importer and distributor of interior & exterior natural stone tiles & tiling products-west yorkshire

Asking Price: 250,000 £ Real Estate: Lease
Sales Revenue: 430,000 £
Net Profit: 1 £
Year Established: 1990
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/West Yorkshire/West Yorkshire

Business types:

Wholesale trade

Business categories:

Other Wholesale Trade ; Stone, Clay, Glass & Concrete

Business description

this family run business was established 20 years ago and was re-formed in 2009 after a succesfull re-structure to the business model, which separated the manufacturing operation in turkey, from a new stand alone importer and distributor of natural stone products. The company now operates from a highly prominent site in west yorkshire on a busy ring road with a huge amount of daily traffic passing their highly prominent warehouse and showroom. The company imports directly from the manufacturers and quarries and distributes natural stone products such as limestone and marble, mainly used in kitchens and bathrooms. They have an exclusive agreement with a number of their suppliers on a range of high quality products, with a database of circa 90 regular repeat customers including, designers, architects, developers, trade showrooms, tile showrooms, builders and tile fitters around the uk, some of which have been trading with the original company for a number of years. The company also sells other tiling products such as compounds, adhesives, protective chemicals and backer boards. Recently the company has opened a new showroom on their premises for sales directly to the public. Allready this is proving to be popular and profitable. The high numbers of daily traffic are helping the company to benefit from the increased margins on these additional direct sales. This is a well run family business that has huge potential to grow from its current excellent location. They are profitable, run with low overheads and have a regular number of repeat trade customers. They have recently extended their offering with a groaing trade counter and a public show room which has huge growth potential. The site and premises have vast opportunties for either sub letting or for natural organic growth. An early viewing of this easy to run business is advised. Customer service: the company keeps good stocks of a number of popular lines and can deliver on a daily basis. Larger orders and special requirements are placed directly to the manufacturers and quarries with guaranteed delivery times. The company has agreements with suppliers in turkey, israel and china. All prices are ex works plus vat & delivery current opening hours are 9.00am – 5.00pm monday – friday. There is an opportunity to extend the opening hours to 8.00pm – 5.00pm monday – saturdays with the new “trade counter” and the new public showroom for reduced hours on sundays. Key strengths: • well established and professionally run business • direct supply chain from the manufacturers and quarries • over 90 regular repeat long standing customers • work in progress • newly created trade counter for local tradesmen • newly created public sales showroom • spare offices, warehouse storage and yard available for sub-let • profitable with high end profit margins • excellent growth potential growth and expansion: there is excellent potential for growth within the business since the company re-structure. The company currently operates on the import and distribution channels available, which are; a) direct sales to architects, developers, designers, showrooms and other wholesalers of natural stone products throughout the uk. B) newly created trade counter sales to local tillers, builders and other tradesmen. C) and very recently; direct sales to the public through their newly created and re-furbished showroom. The business is located on a circa 45,000 square feet site with warehouses and offices. At present the company does not need all of this space and there is room for the company to expand its operation or alternatively they can sub – let parts of the site including a suite of offices upstairs to other interested parties which will create extra revenue (circa £45k to £50k per annum). There is a garden at the front of the premises which could be used to display external stone products for gardens etc.

Additional information

Additional information: Not Disclosed
Support & training: The directors would be happy to help with a smooth transfer of the business in any way required.
Reasons for selling: The two directors have re-structured the business and would like to concentrate their efforts on the sourcing and manufacturing side of the industry.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The lease for the site commenced in April 2009 and runs until 2029 with rent reviews every 5 years with tenant only break clouse. The current rent is circa £39,775 rises in 2011 to £63,640. The rates are circa £24,926 payable.
Location: The site and premises are located on a busy ring road on the outskirts of a major city centre in West Yorkshire, close to a major motorway network. In total the site is circa 69,000 square feet, including completely re-furbished warehouse space of circa 16,000 square feet, modern offices of circa 2,700 square feet, showroom of circa 1,130 square feet and outside space including yard and gardens of circa 49,000 square feet. Within the warehouse there are loading bays and the whole site is fully secured with CCTV and alarm system. The lease for the site commenced in April 2009 and runs until 2029 with rent reviews every 5 years with tenant only break clouse. The current rent is circa £39,775 rises in 2011 to £63,640. The rates are circa £24,926 payable.

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