Leading Snooker & Pool Cue Manufacturer And Importer For Sale

Business description

Leading Snooker & Pool Cue Manufacturer, Importer & Export Distributor

We are pleased to offer this successful and industry leading business, founded in 1989 by
the vendors which has grown since to become a significant enterprise manufacturing an
internationally renowned and highly regarded range of specialist sports equipment. By
adopting a commitment to a evolutionary development and enhancement policy, this
company has established itself as the foremost manufacturer and distributor of a highly in
demand product range that is second to none, the versatility and the manufacturing quality
of which surpasses all competition.

Such is the company's prominence and excellent reputation in this specialist manufacturing
niche market, that in order to observe the vendor's wish for the business to be offered for
sale with the utmost confidentially, we are unable to specifically identify the trade name or
nature of the product produced. However, more specific information will be released to
suitable parties, upon the signing of our standard non-disclosure agreement.

The business offers a range of the same product in varying quality levels, including, budget,
Economy, Medium price and professional, thus covering every level of affordability
appropriate to their end use and market, many with uniquely designed features and it is this
business's ability to operate in such detailed ways in both large and small volumes that
creates a clear difference between this business and competitors meeting the customer's
needs for cost, productivity, delivery and quality.

The business has the technical and manufacturing capacity to increase production to meet
the exceptional growth potential this product range offers. With the benefit of
comprehensive manufacturing facilities, the highest quality through key business areas has
been maintained and conforms to British Standards where appropriate and to stringent
strength and test standards. The business has also maintained significant control over costs
in a demanding market. The ability of this business to grow and sustain its profitability is
due entirely to the quality of its product.

The business has a well developed network of established and appointed worldwide distributors affording the company a footprint of operations covering most parts of the UK with experts throughout Europe, the Far East and Australia . In addition to the initial sale of the product range, the company enjoys a healthy residual income from the sale of user replaceable maintenance items and various peripheral supplies.

Equipment:

Included as part of the sale is all necessary plant and machinery required in the
manufacturing process. Additionally, stocks of product ready for immediate distribution
and stocks of component parts will be offered as part of the sale and will be subject to
separate valuation and negotiation.

Customer Service:

One of the major features in the company's growth and success, apart from the quality of
the product, is the importance of good customer relationships which has enabled it to
maintain a first class service and establish itself as the UK's leading brand.

Key Strengths:

This is a recession proof business with ample growth opportunity. The business is well
established, with a strong, large and growing customer base managed by a comprehensive
and sophisticated blend of management expertise and technology.

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,
enjoys a strong order book, good gross profit, no bad debt and has shown consistent growth
and resilience over l8 years trading.

Sales revenue is circa £500,000 per annum with a gross profit of circa 38% and a net
profit (before Director's drawings) of circa £70,000 per annum. The Vendor additionally
highlights that with a commitment to the opportunities illustrated, the business could
dramatically increase its revenues and margins accordingly.

Property information

Location:

The premises incorporating the manufacturing operation also including a trade counter and
offices is located on a well situated, busy and vibrant industrial estate, in a modern light
industrial unit; access is via a roller shutter doors from a substantial surfaced yard with
allocated parking spaces with separate personnel access. The unit comprising of circa 5,000
square feet benefits from heating, suspended ceilings, carpets, partitioning, WC and kitchen
facilities.

Business Operation

Expansion potential:

With this particular sport and industry in general showing strong growth potential,
satisfying the ongoing demand for competitive, high quality solutions with a rapid
turnaround provides an excellent opportunity for this business and those with vision and
Customer focus. Business operations are not at maximum capacity and there remains
considerable scope for an increase in production, turnover and profit simply by gearing
operations in line with current market demand. The business is perfectly poised for
expansion of its distribution network into Europe and beyond.

Competition / Market:

The business has formed a stable marketing base with its network of distributors which offers a vast opportunity for expansion. Other than producing a colour product range brochure, the business undertakes minimal advertising and generates most new business from trade awareness, which is of course the finest and most cost effective form of marketing. The Vendors acknowledge that a more pro-active approach to marketing would substantially increase the turnover of the company in the UK alone. The company does have a web site which would benefit from an online ordering facility allowing both new and existing customers to browse and purchase online.

Reasons for selling:

Having spent the last eighteen years developing the business - and on the wrong side of 50, the Directors now seek a more leisurely lifestyle to enable them to indulge personal interests and passions. The vendors also acknowledge that the time is now right for a purchaser to bring this business up to its next operating level and that the business would benefit significantly by the influx of new marketing skills, particularly those relating to the acquisition of overseas distributors and online marketing.

Employees:

There is a high level of continuity of quality staff within the company, which ensures maximum customer confidence, and a high level of customer service. The employees have developed long established relationships with key accounts over many years. The owner recognises that the key to success for any business lies with the personnel, to this end the company has a skilled workforce of twelve staff who feel that their contribution is appreciated and valued. All of the employees are carefully trained to assist customers with friendly, knowledgeable and practical advice, and pride themselves on delivering outstanding customer care at every step. The strength of this company lies with a professional committed workforce.

Years established:

1989

Other information

Support & training:

A full period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership.