Asking price: £599,000

Sales revenue: £850,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
We are delighted to offer to the market this extremely well established and reputable greetings cards, stationers and toy wholesaler, which was set up by the present vendor’s grandfather in 1973 and has been in constant ownership of the family since then.

They have only now reluctantly decided to sell to enable them to pursue their other business commitments.

The company operates this niche business from a large freehold warehouse in Leicestershire and although 90% of its sales are delivered, it does also operate a cash and carry, which is very popular with its local customers.

The vendors run the business to suit their personal circumstances and there are huge opportunities to grow the turnover and profits further by:
• Opening all day on Sunday rather than the 3 hours at present
• Open on Saturday’s, when at present they are closed
• Remaining open for longer during the week, they currently close at 5pm
• Advertising – the business is only currently advertised in the Yellow Pages

The business also have sales agents, which are based in Leicestershire, Warwickshire, Norfolk, Lincolnshire and Nottinghamshire, clearly there is scope to appoint others around the country.

They have approximately 600 retail customers which include post offices, newsagents, universities, colleges, hospitals, department stores, independents and multiples.

.There is obviously the possibility to provide other products to them rather than just those currently offered.

Although they have an extensive stationery catalogue, they approach very few commercial businesses and rely on the retail.

The business reported net sales in the year to December 2006 as £813,000 with a healthy gross profit of 35%, the current year is presently approximately 6% ahead.

The directors are both willing to remain in the business for a period of time to ensure a smooth transfer to a new owner.
ref:8445LE

Trading hours: Mon – Fri: 8.00am – 5.00pm, Sun: 11.00am – 2.00pm

Property: Freehold

Lease terms
Vendor willing to sell the business on its own so that it can be relocated elsewhere

Living accomodation
PROPERTY DETAILS 5100sq ft ground floor + 1,000 sq ft mezzanine • Large office to front • Male & female w/c • 2 offices in the warehouse • Packing area The van is parked behind the roller shutter door which is also goods in.

Location
Our clients are located on a small industrial estate in a small town within Leicestershire. They have a large warehouse comprising 5100 sq ft on the ground floor with an additional 1,000 sq ft on a substantial mezzanine area above.
This niche business has no other serious competitors within the county, the nearest being in Nottingham and Sheffield.
Leicestershire is situated in the heart of the Midlands and has excellent road links via the M69 to the M6 and directly onto the M1. East Midlands and Birmingham airports are both less than an hour’s drive.

Financing available
Please let us know if you require finance for the purchase of a business.

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