Advert Ref: IY081
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Asking price: £275,000
Sales revenue: £315,000
Business description: Ideally situated on a busy main road in North West London, this business was established in 1992 as a traditional litho print company, serving the ethnic Chinese community. Initially set up as a stationery printer, since this time it has evolved as an indispensable supplier to a wide range of local Clients delivering a comprehensive and varied range of print solutions. From single colour to full colour, from a few hundred flyers to thousands of colour brochures everything is here. The whole process is managed in-house, from the initial plate making right through to collation and finishing. Supported by an in-house design, artwork and typesetting team, the business produces Business Stationery, Invoice Books, Letterheads, Labels, Envelopes, Leaflets, Flyers, Books and Programmes plus Raffle Tickets, Corporate Identities, Folders, Inserts, Greetings Cards and Full Colour Brochures and Magazines.
Employees: The owner works full time in the business and has four full time employees including two printers, a designer and a finisher.
Trading hours: Monday – Friday 9.00 – 6.00 Saturday 10.00 – 12.00
Property :
Location: Located on a busy main road in North West London with a glass double fronted exterior there is a self-contained retail area on two floors. Above is a fully self contained three bedroom flat with kitchen, bathroom, dining room and living room. The vendor owns the premises and will be retaining the freehold, but will offer a new lease, subject to negotiation.
Expansion potential: The printing market still shows excellent growth potential for those businesses satisfying the current and future demand for competitive, high quality solutions with a rapid turnaround, this business provides an excellent opportunity for those with vision and customer focus. Greater advertising, aggressive selling and updated web site will all prove to be highly beneficial in increased turnover and profits, making this a highly desirable acquisition for an individual/partnership, or as a bolt on to an existing operation.
Competition / Market: Having been established over 16 years this business does little by way of advertising, enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for its unique, high quality product range and customer service. It is likely that investment in the web site incorporating an on-line quotation facility would raise its profile further afield with a consequent impact on turnover and profitability.
Support & training: The current owner will provide a handover period and all relevant contacts to ensure continuity of trading.
Reasons for selling: This is a genuine retirement sale, with the owners having reached the time when they wish to pass over this successful business to younger and more energetic hands, to take the business on to its next stage of growth.