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Engineering Distributor industrial Bearings, Pneumatics, Hydraulics, Motors & Transmission Parts/ Equipment for Sale

Wales-North

Leasehold : £ 450,000

The business operates from ideal leasehold premises on a well-known industrial estate close to all its major customers and easily accessed. It comprises an industrial unit circa 3,600 square feet with offices, trade counter and warehouse, parking etc.

Engineering Distributor
Industrial Bearings, Pneumatics, Hydraulics, Motors & Transmission Parts/ Equipment
Ref. JH032
Location : North Wales
Asking Price : £450,000
This well established and reputable business was set up over 25 years ago by the vendors and in that time has grown into a highly professional and respected distributor of bearings, power transmission and engineering consumables. The company provides a broad range of high quality parts and components (including motors, gearboxes, injectors, pumps, fasteners, belts, couplings, lubricants and consumables) to customers within a variety of markets including the industrial, commercial, manufacturing and production sectors.

The business has set up an enviable supply chain over the years and sources parts direct from manufacturers/suppliers that are leaders in their fields. The manufacturing companies provide in demand reliable parts that are synonymous with quality and the brands speak for themselves.

The company has circa 40 regular account customers who order on a weekly/monthly basis with further secondary customers who order on an ad-hoc basis. In saying that the business is always attracting new referrals such is its reputation and this customer base could easily be expanded upon with a focused sales and marketing strategy.

The current customer list is very impressive and includes large blue chip clients who have significant presence in the region as well as small local organisations. The majority of sales are within a 15-20 mile radius of the company’s location- this is strategic and ensures highly impressive service levels can be provided which really gives the company a competitive edge , especially as many of the products they supply ensure the smooth running of some large scale production facilities.

The company generates impressive profits, has a sterling reputation and holds a strong level of high quality stock (circa £200,000) which ensures it can deliver mission critical items to its clients time and time again.. It has low fixed overheads and operates from rented premises so could easily be relocated should a new owner so require.

Trading Hours: Monday – Friday: 0800-1730 and a call out service is also available to customers such are the service levels it provides.
 
Staffing: Two directors work full time in the business. The business also employs two full time staff who work as administrators/delivery drivers and sales assistants. The staff are loyal, knowledgeable and a real asset of the business.
 
Tenure: Current rent is circa £14,000 p.a. including maintenance and insurance. Rates are circa £6,000 p.a.

The business could easily be relocated at minimal cost should a new owner so wish.
 
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145 Advert ID 48823    Sellers Ref : JH032/BSOL

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