Auto Paint Distributor - Hertfordshire

Asking Price
£950k

Description
This automotive paint and refinishing products distributor comprises two thriving branches both of which have been established for over 30 years. It is well-presented, secure in its relationships and, above all, profitable based on an exceptionally strong gross margin. There are approximately 3,500 product lines comprising automotive and industrial paint complemented by a comprehensive range of abrasives, tools & equipment and ancillary products. The customer base is well-spread comprising approximately 130 active accounts from the “PLC” down to “the one man band”. There are plenty of opportunities for growth in the commercial/industrial paint markets and there is still potential to increase automotive supplies in the local area. The company has a strong record of financial performance achieving annual sales in excess of £1m and gross margins of up to 51.6% over the past 3 years. The adjusted operating profit for the year ended September 2007 is in excess of £225,000. The owner wishes to retire but he has created a well-resourced management team capable of running the business on a day to day basis. The Guide Price for the business is £950,000 and it will appeal either as a standalone business for a paint industry professional or as an acquisition for an existing distributor.

Category
The wholesale and distribution section lists businesses for sale in areas such as golf equipment and hospitality distribution, and specialist wholesaling.

Contact Details
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