Successful Water Filtration Business For Sale

Business description

Established in 2005, this successful water filtration business has over 170 clients both residential and commercial. We provide safe drinking water solutions to homes and businesses across the Balearic island of Menorca. This is an all year round business which has grown and continues to grow year on year and has huge potential for expansion.

The business is currently run from a prominent situation within the Mahon industrial estate. It occupies a large corner unit which comprises Office/showroom, workshop/store, kitchen & toilet. The shop is leased and is currently in the 4th year of an 8 year contract. Any prospective buyer would have the option to continue the lease if desired.

Included in the sale is all stock, fully serviced Company van, office furniture and IT equipment.

Property information

Location:

The business premises are situated in a prime location within the Mahon Industrial Estate.

Premises details:

The premises comprise a large bright corner shop unit with office/showroom, store/service centre, small kitchen area and toilet.

Other information

Expansion potential:

There is huge opportunity for expansion both within the Spanish and ex-pat market.

Competition / Market:

At present there is not a similar business in Menorca, although the local plumbers do supply reverse omosis water systems. Any other competition would come from off the island, which poses problems with delivery, servicing, etc.

Support & training:

The current owners will provide extensive training on installing the systems, servicing and operating the client database, etc. and will be on hand for advice. If someone wanted to purchase the business solely as an investment, one of the owners would be prepared to operate the business on their behalf.

Reasons for selling:

Reluctantly we are selling for personal reasons.

Trading hours:

The business opens normal office hours from Monday - Friday and normally installations are done within this period. However, there are times when installations can only be carried out early morning, evenings or weekends.

Furniture / Fixtures value:

€9,500 (included in the asking price)

Inventory / Stock value:

€16,500 (included in the asking price)