Broker of Engineering, Oil and Gas Equipment and Generators
Location : Scotland & Dubai
Asking price: £4.5Million (inc. Stock of c£4-5 million & freehold)
This highly successful business was established some 30 years ago and specialises in the purchase (direct from manufacturers) and resale of largescale used/secondary power supplies and associated heavy construction plant. Typical products this business supplies includes large scale industrial:
Distribution Panels and Switchgear
The business is rather unique in that it holds preferred buyer status with many of the largest power generator manufacturing companies in the world. This enables the company to have “first refusal” when such units are available for resale throughout the world, as well as access to the full range of spares and ancillary items from each manufacturer. These agreements, with instantly recognisable global companies, are highly prized and enables the business to operate successfully on a worldwide basis, such is the demand for the manufacturers’ ranges of equipment. .
The company has a healthy stock of in-demand stock and spares that are stored at its fully secured site in Scotland as well as overseas.
The business has established an excellent reputation for providing high quality wellmaintained products and unrivalled after-sales service, providing one of the most extensive repairs and spare-parts back-up services in the industry. Through this continued commitment to client care and the business’s reputation for integrity, it has built a sterling reputation based on trust and quality of supply.
The business offers a hire facility as well as sale and this is an area ripe for future expansion, particularly in regard to transformers as this is a relatively new offering for the business and showing good growth at present.
The business employs expertly trained staff.
Its UK premises are freehold and fit for purpose, fully secured with full concrete/tarmac yard and full container loading facility.
The business has established itself at the forefront of the industry with its continued commitment to quality and an excellent reputation for getting the job done and managing delivery/installation projects successfully. It has excellent credibility which gives it unique buying power which in turn generates impressive profitability.
The business operates from modern freehold premises based in Scotland as well as leasehold offices in Dubai. Freehold site in Scotland is circa £600,000 and included within the sales price. The site is fully secure, fenced and concreted/tarmaced. Site has offices, workshop, racked out spares/parts centre and equipment storage buildings. It has the necessary plant and equipment to facilitate container loading.
The business has a basic yet informative website which showcases current stock lists and services. There is excellent scope to utilise this further and undertake more assertive marketing methods in the form of Search Engine Optimisation (SEO), national/international press and exhibitions as well as expanding the sales force.
The business has a large historical client base and supplied product throughout the world. It has enjoyed impressive amounts of repeat /ongoing and referral business from customers which bears testimony to its excellent reputation.
The owner works in the business on a strategic basis and is responsible for the key decisions within the company. However he is by no means full time and spends a lot of his time abroad. The business employs a highly capable Sales Manager who is based in Dubai but travels extensively as part of his role. He is a real asset of the company. The Scottish site has a full time manager and 2 yard operatives, as well as 2 part time administrators/PAs.
The vendor is happy to remain with the business for up to 2 years post sale should a new owner so require, subject to negotiation.
Support & Training:
The owner is happy to assist with the hand over and the training so as to ensure the continuity of this successful business. As already mentioned the vendor is happy to remain in the business for up to 2 years post sale should a new owner so require, subject to negotiation.
Reason For Selling:
Planning exit strategy to enjoy retirement.