Project Penrod

Posted by Corporate Finance
Category:
  • Business for sale
  • Midlands
  • This position has been filled.

Project Penrod

Renowned B-to-B distributor of industrial and consumable supplies

Overview

An outstanding opportunity to acquire a very longstanding business supplying industrial consumables and janitorial supplies to a highly diversified customer base which has consistently generated sales in excess of £3.7m, a gross profit of £1.3m and contribution before head office costs of £0.8m. Net assets are circa £0.9m and there are significant opportunities to enhance product sales and leverage technology improvements in the Business. Located in the Midlands.

Key Selling Points

  • The Company supplies over 2,650 industrial and commercial businesses with over 4,500 products.
  • Stable turnover, circa £3.7m with consistent gross profit margins.
  • Extensive and loyal customer base, offering £1.3m of gross profit in a competitive market place.
  • Based in an easily accessible, modern facility with a trade counter on site.
  • Relocatable.
  • Further opportunities:
    • Increasing the B to C sales by development of the e-commerce strategies.
    • An established business would benefit from existing revenue streams, and have the opportunity to significantly increase profitability via synergy benefits and rationalisation opportunities.
    • An on-line ordering system for Trade customers would require less direct sales input and reduce the requirement of external sale people.
    • Drop shipping and less stock holding would reduce the warehousing requirement.

Financial Highlights

Turnover: £3.7m

Gross profit: £1.3m

Profit before head office and warehouse costs: £1.1m

Profit before head office costs: £0.8m

Net assets: £0.9m

Next Steps

For further information please contact:

Tom Eastwood

Corporate Finance Senior Manager

+44 (0)7855 413 350

tom.eastwood@baldwinandco.co.uk

 

Or complete the online NDA below:

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