This was a good regional operation that was going forward each and every year. There is a first class opportunity here for a similar business to purchase the business at a sensible price.
Nuneaton, UK (PRWEB) October 17, 2008
On Behalf of the Joint Administrators Stephen Katz and Brian Johnson of Fisher partners Amco Agency offer for sale the business and / or assets of an Independent Builders Merchant located in the West Midlands.
Established in 2002 the business is well respected and has a loyal customer base. The business trades from its own freehold yard and warehouse with a total area of 0.14 Hectares.
The business achieved turnover in 2006 of £4,229,654, 2007 £6,404,672, (2008 Draft £4,747,345). Trade sales account for 95% of the turnover from around 120 active account customers. Cash sales are just £169k per annum of turnover with considerable scope for expansion.
The business targets construction clients within the Midlands and regularly services an area North to Nottingham and South to Banbury.
The accounting and billing is controlled by a bespoke system owned by the company. The company runs three flat bed trucks with loading equipment fitted.
The 2007 Accounts show a closing stock of £171,848. The 2008 (draft) accounts show a closing stock of £272,055. This will have reduced considerably of late.
Michael Charles of Amco said, "This was a good regional operation that was going forward each and every year. There is a first class opportunity here for a similar business to purchase the business at a sensible price."
Plasterboards and insulation 15%
Bricks and Blocks and Decorative Paving 30%
Timber and Fencing 20%
Drainage Goods 30%
Interested parties are requested to contact Michael Charles of Amco Agency +44 (0)8452 300 700 or Email: email@example.com . A non disclosure agreement will be required prior to the release of the sales memorandum.
Michael Charles, F.N.A.V.A
Amco Agency Limited
Suite 501 International House
223 Regent Street
London W1B 2QD
Telephone +44 (0)8452 300 700