Event Business Sold by Turner Butler !!

Turner Butler were delighted to handle the successful sale of GEMINI EVENTS, specialist events company operating predominantly within the classic car market. The business, a relatively small yet true lifestyle business in every sense, enjoyed a very high level of enquiry from both trade and private buyers and Turner Butler generated a number of strong offers for the business.

A deal was agreed with a private buyer to coincide with the end of their events season to allow a successful and seamless transition of ownership, something the vendor stipulated at the outset. The deal was successfully concluded end of September 2019 with all parties delighted with the outcome.

The vendor was delighted with Turner Butler’s performance both in terms of the price achieved and as importantly the timescale.

About Turner Butler

Welcome to the business owners who are interested in selling event related business, we just sold one in this sector and can sell more. For more information please visit our company website www.turnerbutler.co.uk

Looking to sell your Business? We would be pleased to carry out a free confidential business valuation for you. Simply telephone us free on 0800 028 9999 to arrange an appointment with an experienced business valuation expert.

Client Satisfaction is very important to us at Turner Butler. Do please take a moment to read what our satisfied clients have to say about us http://www.turnerbutlertestimonials.co.uk

Turner Butler were delighted to handle the successful sale of GEMINI EVENTS, specialist events company

Electrical Wholesaler Business Recently Sold !!!

Turner Butler is pleased to announce the recent sale of Team Electrical Supplies (London) Limited the Essex based electrical wholesalers off a guide price of £450,000.

“The vendor wanted to retire and wanted to ensure that his staff continued to be employed and the business went to a safe pair of hands;” said Turner Butler managing director Rupert Cattell. “Turner Butler was delighted to assist and we found the right buyer at the right price.

Once again this transaction shows that when our interests and those of our client are aligned with our No Sale No Fee offering we are both highly motivated to price the business properly, work the deal hard and get a sale way for our clients.”

About Turner Butler

Turner Butler specialises in selling businesses in Wholesale sector with good success rate so business owners if you have businesses to sell in this sector or would like more information, please visit our company website www.turnerbutler.co.uk

Looking to sell your Business? We would be pleased to carry out a free confidential business valuation for you. Simply telephone us free on 0800 028 9999 to arrange an appointment with an experienced business valuation expert.

Client Satisfaction is very important to us at Turner Butler. Do please take a moment to read what our satisfied clients have to say about us http://www.turnerbutlertestimonials.co.uk

Turner Butler successfully sold the Team Electrical Supplies (London) Limited the Essex based electrical wholesalers business

Buyers or Dreamers

I’m not sure whether it’s Brexit or mid-summer madness but we seem to be inundated with buyers who want to buy a business using other people’s money. Last week I had a crowd who claimed to have “access to PE firms to raise funds and won’t need financial support.” They made an offer of £2m to buy a business making a profit of over £600k pa and with nearly £2m of Net Assets of which £1m was in cash. But the offer was to pay £1m on completion and the rest over 4 years.  When I had the temerity to point out that their offer meant that they were only paying on completion an amount equal to the cash at bank figure and made no allowance for the goodwill premium, they got upset and called me unprofessional! Really? Do these people think that we are so stupid that we don’t understand highly financially engineered offers?

There is a worrying and growing trend that all sorts of people seem to think that they can buy a business by borrowing against its assets and then getting vendor finance for the balance. You can’t!! As I keep pointing out, why would a vendor lend what is effectively their pension pot to a complete stranger? At Turner Butler we are now pushing back hard against these sort of buyers, they are a waste of our and our vendors’ time. If you are one of them please don’t apply for a business being advertised by us, you will be given short shrift and even if you threaten me with physical violence (which has now happened on two occasions!) it will not make any difference.

About Turner Butler

Looking for a Business to buy? The Turner Butler service is free to buyers. Please visit www.turnerbutler.co.uk to see all our businesses for sale.

Looking to sell your Business? We would be pleased to carry out a free confidential business valuation for you. Simply telephone us free on 0800 028 9999 to arrange an appointment with an experienced business valuation expert.

Client Satisfaction is very important to us at Turner Butler. Do please take a moment to read what our satisfied clients have to say about us http://www.turnerbutlertestimonials.co.uk

Buyers or Dreamers

New-Pro Foundries Limited Recently Sold by Turner Butler !!

“And the BAFTA goes to Turner Butler!”…..Turner Butler is delighted to announce the recent sale of New-Pro Foundries Limited, the specialist casting foundry responsible for producing the BAFTA Awards each year, among many other bespoke products. “Our buyer was delighted to have acquired a business with such a prestigious client base” said managing director Rupert Cattell, “And our vendors were equally pleased to have retired from running a business that requires considerable skills and hard work in a challenging environment.”

About Turner Butler

Looking for a Business to buy? The Turner Butler service is free to buyers. Please visit www.turnerbutler.co.uk to see all our businesses for sale.

Looking to sell your Business? We would be pleased to carry out a free confidential business valuation for you. Simply telephone us free on 0800 028 9999 to arrange an appointment with an experienced business valuation expert.

Client Satisfaction is very important to us at Turner Butler. Do please take a moment to read what our satisfied clients have to say about us http://www.turnerbutlertestimonials.co.uk

New-Pro Foundries Limited Recently Sold by Turner Butler