Mon, 30 Jul 2018 | BUSINESS SALE
A buyer is being sought for North Manchester-based electronics wholesaler.
E-Sunrise Distributors has been put on the market by its current owner, Masuma Jesani, who has appointed Blacks Business Brokers to handle the sale of the business.
The sale will not only include the company, but also its operational leasehold premises.
Established in 2003 by Jesani’s son, E-Sunrise moved to its current location on Broughton Lane last year.
It distributes a number of electronic goods including toys, general household and industrial tools, computer accessories, and sells to both retail and wholesale buyers. In more recent years, however, the business has grown significantly and supplies to a number of leading distribution companies in the IT sector.
The company’s turnover in 2016 was £1.5 million but dropped to £1 million in 2017. Jesani cited health problems as the reason for the distributors’ decline and why she decided to put the business up for sale.
Blacks Business Brokers’ marketing facilitator, Eve Pawsey, said: “This business is well-established, profitable and has very strong lines of credit with its suppliers. This means it can supply really big orders without having an impact on its cash flow, and is able to hold a large amount of stock ready for next-day delivery.
“The current premises benefits from low rent and no business rates, while being close to Manchester city centre, but because it’s essentially able to fulfil orders from anywhere it could be relocated.”
A guiding price of £149,950 has been set for the sale of E-Sunrise Distributors.
For more news stories about businesses for sale click here. For all our business listings, click here.
Utilises a highly experienced team and modern fleet to deliver efficient, safe and reliable logistics solutions. Delivery services are complemented with cohesive technical installations, which can be provided for clients across a wide range of indust...
Provides a comprehensive range of delivery services for clients, distributing freight across the UK. Deliveries can also be carried out overseas through the business’s national pallet distribution network. Utilises a fully equipped fleet and experien...
Bunker trader and supplier of marine fuels and liquids. Extensive network of global clients. Highly competitive prices ensure repeat custom for the long term. Significant potential to further expand operations and sales territory. Secure and steady f...
AIT Worldwide Logistics has acquired home delivery company P...
Magazine publisher Future has agreed a £594 million ca...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources