SOLD - New ownership but same faces at The Polished Wheel Company
The Polished Wheel Company Limited in Wadebridge, Cornwall is now under new ownership following the sale but it will be business as normal.
The business was established in 2008 by Sandra Fennell and her late husband Gary and offers a complete alloy wheel refurbishment service, including diamond cut wheels, to both trade and retail customers.
Looking to take a step back Sandra decided it was time to offer her business for sale and instructed Exeter based business transfer specialist Beardsley Theobalds to act for her. Although the business attracted potential purchasers from within the trade, associated trades and business investors, from within Cornwall and further afield, having the business on the market spurred one of the employees, Dan Bentley, to step forward and a sale to him was agreed. Dan was always a greatly valued employee and respected amongst the team so passing on the reins to him has given comfort to Sandra who wants to see the business continue and do well. An additional member to the workshop team has been taken on and Sandra will be staying with the business for a while to ensure a seamless handover to Dan.
This is an example of the business sales handled by Beardsley Theobalds which specialises in the industrial, commercial and business service sectors.
- Well established and very popular niche market business
- First class name and reputation
- Very extensively and valuably equipped for its trade
- Excellent service at reasonable prices
- Customer database 1,000+
- Overall customer trade splits roughly 2/3 commercial and 1/3 retail
- Sales £207,193 (Adjusted Net Profit £48,100) from limited hours trading
- Genuine scope for further business expansion
- Retirement sale
- Very attractively priced to encourage early sale
MARKETING PRICE : Offers around £95,000
