Printing Service And Retail Stationery Business For Sale

Business description

Established in 1959 and based at the current premises for twenty five years, this business has built up a superb reputation. The business offers a broad range of services. On the printing side, the business offers colour digital, litho, cutting and creasing and booklet making. The printing operation is conducted from the rear of the premises. At the front of the property, the business offers a stationary and key cutting service.

The business has invested in some high quality machinery over the years. Of particular note are the Heidelberg Press and the cutting and creasing equipment that is now difficult to source. The business does in fact obtain contracts from other printers who do not have this type of machinery.

The two main aspects of the business, namely printing and stationary compliment each other well. By combining these two services, the business has been able to up sell to many of its long standing and loyal customers. The business has excelled at retaining its clients. The business has determined that on average it works with each of its clients for approximately ten years.

The business is located in an excellent high street location with large levels of passing trade. The business benefits from being situated in an affluent part of the country that continues to thrive. The business historically operated in London itself and the legacy of this is that a number of clients are from the London area and are therefore generally provide more regular work. Being based outside of London ensures that this business has lower overheads and that it is able to compete with London based printers.

Equipment:

The sale price includes the following:

• Heidelberg Single Colour Press
• Heidelberg Platen machine used for cutting & creasing
• Guillotine
• Collator
• Plate maker
• Digital Colour machine
• Copier
• Key Cutting machine

Customer Service:

This business is dedicated to providing a high quality personal service and a good quality end product, all at a competitive price. Customers can be sure that they are always provided with excellence in regard to both the quality of the products and services and the attention paid to customer needs. Maintaining high standards and fast turnaround has been the key to continued success, offering customers a friendly and personal, deadline-beating reliable service from design to delivery.

An honest approach and a sense of duty to its clientele add to the positive feedback from many customers and the strength of the business over many years.

Key Strengths:

The business enjoys an excellent location in an upmarket town. The business has a first class reputation going back several decades. Printing quality remains high. The ability to provide a cutting and creasing service in particular to other printers adds to the attractiveness of this business.

The business has also developed versatility. By adding both the stationary and key cutting services, the business has an even more attractive feel to it.

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.

Turnover is circa £161,000.Gross profit is circa £90,000 and net profit is circa £38,000.

Property information

Property:

Leasehold

Lease terms:

The annual rent is set at £6,000 with rates of £936.

Location:

The business currently occupies a property on an informal month by month arrangement. It is understood that a new longer term lease would be made available to new owners. The annual rent is set at £6,000 with rates of £936.

The business premises include a retail area, workshop, office and storage room.

Business Operation

Expansion potential:

The business has yet to add banner printing and other large format printing to its list of services. With no marketing as such, due to the high levels of referrals and repeat business, the stationary business in particular would benefit from a pro-active sales or marketing approach.

Competition / Market:

The business has such a strong reputation that it has never really advertised.

Reasons for selling:

The current owner is looking to spend more time with his family for health reasons.

Trading hours:

Monday – Friday: 8.0 am-5.30 pm
Saturday: 8.0 am-12.00 pm

Employees:

The business employs two part time staff. One is employed to assist with the retail stationary business and a bookkeeper is employed one day a week.

Years established:

1959

Other information

Support & training:

A comprehensive handover and any necessary training is available to ensure continuity of trading.