Miller Commercial

Tel: 01872 247 000

Fax: 01872 242 455

Email: all@miller-commercial.co.uk

Mansion House
Princes Street
Truro
TR1 2RF

Falcon Ltd Ships Chandlers, Units 5-7, Building 450 The Docks, Falmouth

£199,950

Business

  • TRADING FOR C. 20 YEARS WITH STRONG MARITIME AFFILIATIONS
  • STRONG ELEMENT OF MARINE PAINT SALES
  • BASED IN FALMOUTH, CAN BE RELOCATED
  • AVERAGE 3 YEAR SALES £750K PA AND PROFITS OF £100k PA
  • SIGNIFICANT E-SALES GROWTH OPPORTUNITY
  • GENUINE SALE, A RARE OPPORTUNITY

A rare opportunity to acquire a successful Ships Supplies and Chandlers with a strong emphasis on the sale of Marine Paints, operating for 20 years from the Port of Falmouth. It is considered the business could be relocated, offers good levels of profitability and has a diverse and adaptable product range.

LOCATION

The business currently operates from a unit (approx 975 square feet), situated within a leading SW Port. It Is considered given the geographic reach this business could be relocated, however for continuity and relationships with associated industries, a marine presence would be beneficial.

Our clients have customers throughout the UK with sales extending worldwide, but the majority is within the SW, from Portsmouth to Pembroke and the entire coastal region and ports of Cornwall and neighbouring counties.

THE BUSINESS

Established by our clients 20 years ago the business has grown to become an established and leading supplier of ships stores to the marine industry. With an extensive network of customers and suppliers the business is reputable throughout the UK and is the only commercial ships chandlers based in this Port.

The Business is to be sold by way of a Company sale.

The business is very diverse and adaptable to trends within the Maritime and Shipping world and at the time of writing is concentrating on the sale of Commercial Marine Paints, but is also concerned with the sale of the following products and services : Marine Paints and Varnishes; Deck and Engine Stores; Provisions; BA Charts and Admiralty Publications; Marine Chemicals; Bonded Stores ; Galley Stores; Marine Oils; Logistics and Port Services including supply to land based marine companies.

The owners have two strong key transferrable contracts (subject to due diligence); International Paint and Wilhelmsen Ships Service. The business receives continuing and ongoing shipping agent referrals bringing both new and repeat business on a daily basis. Our clients have a broad client base and are highly regarded within their industry for sourcing a wide variety of supplies and services to primarily Commercial vessels along with supply to land based Marine Industries, fishing vessels and the fish processing industry.

Our clients are affiliated with the British Association of Ships Supplies (BASS) and the International Ships Supplies & Services Association (ISSA) , both of which are the National and International standard bearers for the marine industry.

In terms of the trade, our clients advise the business has averaged c.£750,000 for the past 3 years and will produce a profit of c. £100k profit this financial year (December 2017). Further Accounting information will be made available subsequent to a meeting / viewing with our clients, or prior with express approval from our clients.

GROWTH POTENTIAL

Our clients trade is very much based on strong established client relations, recommendation, repeat business and websites search. Therefore, given this as a backdrop it is considered there is considerable scope to expand the business by introducing online ordering and sales, extending services to the Marine Leisure sector, the provision of a Bonded Warehouse (for Duty Free goods) and by way of a targeted and general advertising campaign to promote business.

TRANSFER AS A GOING CONCERN

Our clients will transfer all the property free of Lease / Lien (Mercedes Van) and other chattels associated with the running of the business on Completion and will enter into a Cease and Desist Covenant, restricting them from future enterprise in this sector. Also, subject to agreement our clients will contract to offer training and support to ensure the successful handover of the business.

GENERAL INFORMATION

INVENTORY

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

BUSINESS RATES

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

SERVICES

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

STOCK

To be taken at valuation.

VALUE ADDED TAX

All the above prices/rentals are quoted exclusive of VAT, where applicable.

FINANCE

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

CONTACT INFORMATION

For further information or an appointment to view please contact either:-

Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverly Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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