Relocatable Engineering Components Retailers
- Asking Price: £69,950 +SAV
- Turnover: We are advised the business is currently generating a turnover in the region of £193,000 per annum as per the 2018 accounts.
- Tenure: Business Only
Crown Power Ltd has been operated by the current owner for over 17 years; who is now looking to retire. Quick sale wanted hence the fantastic price! The business buys and sells a large range of engineering components including bearings and transmissions, pneumatics, vee belts and pulleys, oil seals, sealants adhesives and much more. The current owner has developed strong working relationships with key accounts within Stoke and currently regularly trades with over forty accounts, five of which are large organisations with global activities and include: Port Meirion Pottery, Steelite International, Wedgewood, Rockwell and Emma Bridgewater. The business would be an ideal bolt on to an existing company looking to expand further and increase their customer database along with developing new relationships with the large key accounts. Similarly, due to the fact that there is not a large stock purchase required and what stock is held in the business is included in the sale, the opportunity would also appeal to a sole trader or small limited company looking to take the next step up, with a ready made established business and generate instant additional turnover in access of £6,000 a week, with a return on the initial investment of less than 18 months. The current owner is willing to undertake a handover to the new operator to ensure a smooth transition with the existing accounts. This is a rare and exciting opportunity to take an established company and take it to the next level and is both a great fit for an existing organisation, or for a smaller operator looking for an opportunity for the next step up.
The business is run and managed by the current vendor with some family assistance when required.
The business operates Monday to Friday during normal working hours as well as at additional times when required.
Crown Power Ltd is currently located in a first floor office on Hanley Road in Stoke on Trent. The business could be operated from any location be that an industrial unit, office premises or from a residential dwelling. The business could be re-located to anywhere within the UK. However, Crown Power Ltd has key contracts and accounts with several companies within Stoke.
Currently trading from Hanley Road, the business could operate within an existing organisation, a new commercial unit or an appropriate residential dwelling. All stock that is currently held within the business is included in the sale along with the computer database, all sales records, historical information and information to allow the business to continue operating in its current format and servicing the existing accounts.
Business sale only.