BUSINESS FOR SALE - MIDLANDS BASED BUILDERS' MERCHANTS

John Pye Red Line Spacing

Overview

PKF Smith Cooper is retained to assist with the sale of a well-established builders’ merchants.
Established in 1970’s, the business boasts a freehold site with property, a wide-range of internal and external building supplies, including: construction, plumbing, electrical, tools, timber, kitchens, bathrooms and bedroom and respective showrooms.

Key Features

  • Operates from a freehold unencumbered property (c.40k sq ft of floor space) and large site in the midlands
  • Only builders’ merchants in the area with loose aggregate
  • Long-established relationships with suppliers, installers and tradesman
  • Financials
    • Turnover c.£1.5m
    • Gross Profit c.£440k
  • Current Order Book of c.£86k
  • Assets available include: a freehold property with showroom, stock, order book, debtor book, fixtures, fittings, office furniture, computer equipment and motor vehicles
  • Offers the following services: brick-matching; kitchen, bathroom and bedroom designing.One of the largest kitchen and bathroom showrooms in the area
  • 18 employees (including Directors)
  • Over 50 years’ experience in the industry

Process

Following receipt of expressions of interest, and a signed Non-Disclosure Agreement, brief sales particulars will be provided via a data room. Offers for the purchase of the shares, business and/or its assets as a going concern, by way of sealed bids, need to be sent to PKF Smith Cooper with evidence of funding by 12 noon on 10 August 2022.

When submitting your offer, please provide contact details of your solicitors and evidence of funding to expedite matters.

Contacts

If you are interested in pursuing this opportunity further, please contact one of the following for additional information:

Dean Nelson
+44 (0)1332 332 021
Dean.Nelson@pkfsmithcooper.com

Emily Oliver
+44 (0)1332 332 021
Emily.Oliver@pkfsmithcooper.com

PKF Smith Cooper, St. Helen’s House, King Street, Derby, DE1 3EE

This document is directed only to Recipients who may be interested in making an offer that would qualify for exemption under Article 62 (Sale of a Body Corporate), or to Investment Professionals as defined by Article 19 and High Net Worth Entities as defined by Article 49, of the Financial Promotions Order 2005. No other persons should rely on this document.

The purpose of this document is to assist Recipients in deciding whether to investigate the above opportunity. It is not intended to form the basis of any transaction. Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice. The information in this document has not been independently verified by PKF Smith Cooper, which does not give, nor has it any authority to give, any representation or warranty (express or implied) as to its
accuracy or completeness.

PKF Smith Cooper is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business and consumer credit activities.