Business for sale

Business description

Advent Business Sales is pleased to have
been instructed to offer to the market this
extremely well established personal safety
equipment business.
Founded by the vendor in 1995, the business
is only now being reluctantly offered for sale
as he plans to retire.
The business offers a full head to toe
personal safety equipment facility including:
• Footwear
• Trousers
• Jackets and coats
• Masks
• Ear defenders
• Gloves
• Spectacles and goggles
• Hats and helmets
• General high visibility clothing
They also offer a full range of safety signs,
barriers, bollards, cones and harnesses.
The business employs one part time employee
who works approximately 2 or 3 days per
week and the vendor who works 4 days.
They achieve a good annual turnover of circa
£116,000.
We are advised that stock at cost is
approximately £35,000 to £40,000.
The business is fully re-locatable anywhere
in the region and would make an ideal ‘bolt
on’ to an existing operator servicing the same
industry sector.
REF: 8923OX
TRADING HOURS
Mon-Fri: 8.3.0am – 4.30pm
EXPANSION POTENTIAL
The business has many aspects which would
increase sales and/or profits such as:
1. Opening on a Saturday to service the
many commercial businesses in the
area
2. Having a fully interactive web site to
take advantage of on line enquiries
and sales
3. Having regular leaflet drops with
special offers
4. A vendor who worked full time could
eliminate the wages cost, which is
currently duplicated
5. Increase the stock range to include
hardware and janitorial products
6. Re-locate to a shared facility to cut
back on the rent and rates cost.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £116,000
Gross Profit: 25%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Ground floor lock up premises briefly
comprising of the following:
Ground Floor
• Side door entry into the sales
reception/counter area with glass
display
• Side office
• Tall racking for stock selection
• Rear kitchen
• Shared w/c
The business is fully alarmed and there
CCTV cameras on the site generally but not
the premises specifically.
TENURE: Leasehold
Original lease: 2 years
Remaining lease: 1 year
Review every: 2 years
Rent: £5,000 P.A.
We are advised that the annual business
rates are currently: £1700
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.