Sold
Well Established Distributor Business For Sale
Haywards Heath, West Sussex
- Asking Price: £330,000 +SAV
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Turnover:
We are advised the business generated a turnover of circa £570,000 as of 2021, further financial information can be made available upon request.
Please quote reference B07006
- Tenure: Business Only
Please quote reference B07006
CoGoGo are welcoming to the market Redhill Bearings LTD. The business was established in 1958. Only now does the business come to market as our clients are now looking forward to their well-deserved retirement.
Redhill Bearings offers a wide variety of bearings, belts, bushes, adhesives, lubricants etc. The company have the added benefit of being the official distributers for several well-known brands.
There is a very informative website included in the sale www.redhillbearings.co.uk . The business would highly benefit from adding an e-commerce site.
Since establishment, our clients have built up an inevitable reputation with all the locals and regular customers and boasts a 5 star rating on Google reviews with customers stating ‘Fantastic old fashioned stockist. I wanted a belt for a 20-year-old discontinued lawn mower, and they had the part at a great price. Super happy’ and ‘Great company used them for at least 30 years. Always helpful.’ A handover period will be offered at point of sale to ensure the continued success of the business.
We feel there is scope to increase the already exceptional turnover by extending the opening hours, embarking on modern marketing schemes and online sales should the purchaser desire.
The following is included in the sale:
- Computers
- Printers
- 2 x delivery vans
- Racking
- Shelving
- Storage systems
The business is run and managed by the 2 owners and 1 full time driver.
The business trading hours are:
Monday to Friday - 08:00am to 16:00pm
Saturday & Sunday - Closed
Redhill Bearings Ltd is located on Brighton Road, Handcross, West Sussex. There is an option to relocate the business should the purchaser desire.
Handcross is a village in the Mid Sussex District of West Sussex which lies on the A23 road 4.2 miles South of Crawley and approximately 1 hour and 30 minutes’ drive to London
Handcross Primary School is situated at the northern end of the village there is also Handcross Park School which is an independent prep school.
The closes station is Balcombe train station which provides an overground Southern, Thameslink and Gatwick Express service calling at stations such as Gatwick Airport, Clapham Junction and London Victoria.
There is an option to relocate the business should the purchaser desire or to lease the premises on a 5-year term, with a 3 year break clause.
The premises are in the circa of 200sqm and comprise of a main service area with counter.
Large storage systems, and central storage stands.
Tenure
We are advised the business is being sold on a relocatable business only basis.
