Importer Exporter & Distributor of Unbreakable Glassware Crockery For Sale

Business description

Importer/Exporter & Distributor of Unbreakable Glassware, Crockery & Tableware

Established in 1982, this family run business based in Hertfordshire specialising in trade sales of break-resistant Melamine Tableware, Acrylic Drink ware and accessories for the caravan, camping and leisure market. Their Melamine Patio/Picnic ware products are designed, molded and manufactured in a modern factory in Turkey as well as the Far East. The business has been supplying the UK, European and Scandinavian market with break resistant Plates, Bowls, Mugs, Trays, Serving Dishes as well as boxed dinner sets. They also stock an extensive range of Acrylic and Polycarbonate glasses to compliment and co-ordinate with all tableware.

All products are regularly tested to EU standards and specifications and comply with SI No.3145 & DD ENV 1186-3. The range combines quality and ‘value for money’ melamine and acrylic products.

With a manufacturing base both in Turkey and the Far East the business can offer short lead times for bulk orders and is on Global Exchange Services EDI facilities in order to trade electronically.

They almost certainly have one of the largest selection of Melamine Tableware ranges in the UK market and can offer an extensive design portfolio and can produce bespoke designs to compliment any taste.

Supplying some of the largest and best known chains, cash and carry’s and leisure outlets in this country and throughout Europe and part of Scandinavia means that this highly visible and well known company will be an asset to any business looking to expand into new product ranges and into this customer base, or will be a lucrative business for an entrepreneur looking for a start in the business world.

Customer Service:
The business manages several hundred customers and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honest and reliable service and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliable delivery and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.

Key Strengths:

The business prides itself on never having let a customer down or left an order unfulfilled and has established an enviable name and reputation, within this industry, based on this dedication to efficient customer service. This has resulted in customer relations founded on a history of trading satisfaction.

The business is well established and has a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and net profit and has shown consistently high growth over several years trading.
Sales revenue is circa £572,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.

Property information

Property:

Leasehold

Location:

This business is fully re-locatable thus enabling a new owner to absorb the business into an existing operation, reducing overheads and substantially increasing profits through this.

Other information

Expansion potential:

The current market for this business’s services is growing and is forecast in the near and longer term for continual growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business has used limited advertising in the past, relying on their website and a limited number of trade shows and there are excellent opportunities to increase this advertising and market the business more aggressively, to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

This is a genuine retirement sale.