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Turner Butler has been appointed to invite offers to purchase 100% of the Issued Share Capital of a retail lighting business.
The Business has the following key attributes:
• Retail lighting store and consultancy service
• Long established with loyal customer base
• Superb reputation
• Wide range of products
• Ideal location and excellent premises
• Opportunities for growth and expansion.
This opportunity would be an ideal bolt on for an existing lighting retailer looking to further expand its operations. The Business would benefit from additional marketing and advertising as their main source of exposure is through word of mouth recommendations.
The Business is currently trading from freehold premises that are owned by the current vendor. There is an opportunity to purchase the freehold by separate negotiation. However, the vendor will also lease the premises to the new owner.
For the financial year ending September 2017, the Business generated turnover in excess of £1m, generating gross profits of approximately £515,000 and an Adjusted EBITDA of approximately £148,820 after replacement management costs and imputed rent and rates.
Net Assets assuming no cash and no debt are c£243,000.
The Asking price of £995,000 is for a sale of 100% of the Issued Share Capital in the Limited Company assuming Net assets of £243,000.
Real Property Included
However, the vendor will also lease the premises to the new owner.
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