Asking price: £220,000

Sales revenue: £360,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This wholesale and retail business of high quality carrier and paper bags was founded 25 years ago and has grown since to become a well-known enterprise with a significant reputation for the quality and variety of its products, brands, service and reliability.

The business wholesales and retails high quality bags, consisting of a wide range of bespoke polythene and paper products, plain or printed. The business has a particular interest in promoting degradable products. Whilst usually supplying large orders the company also values the business of the smaller trader. Most products are available in very reasonable quantities.

The Company’s artwork department can easily cope with any design needs clients may have. Whether an existing logo to be reproduced is required, or one designed from scratch it really is no problem for this established organisation. ?Pricing is extremely competitive irrespective of our low minimum order requirements and the company’s ever-growing client list is testament to the cost effective, efficient and reliable service provided.

It is significant that this business has made a great success both in the wholesale and retail of these products and has built an enviable reputation and a unique relationship amongst the discerning clientele in the immediate locality. The vendor has been involved in the business since its early days of trading and can offer considerable advice and information concerning all aspects of trading.

Exemplary relations further support the business with key suppliers who have helped to ensure that client service and product quality is never compromised and that customers receive the highest possible quality of service, leading to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’ abilities in service quality and sustained business success.

Equipment:

All associated design and artwork equipment are used to support this business, along with all clients’ details being maintained on a comprehensive database, with Sage 08 used for all financial duties.

Customer Service:

The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness such as unrivalled value for money. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.


Key Strengths:

A primary strength of this business is its broad portfolio of highly popular products and brands on offer combined with the convenient location of the premises, backed up by an impressive selection of styles and sizes of high repute and never being beaten on price, gives it its competitive advantage.

The business is an organisation where the vendor has developed and nurtured a name and reputation that has resulted in customer relations founded on a history of trading satisfaction and not contingent upon particular relationships with the vendor.

The business is well established and profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.

The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality products and highly knowledgeable and free delivery.

Key Opportunities:

This is an outstanding opportunity to build on the existing business levels, reputation and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with extra investment in marketing including advertising and as yet underexploited, where the business has lacked attention in the past.

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.

Annual turnover is circa £360,000, generating a gross profit of £110,000; the net asset value consists of one van plus stock and work in progress at £73,000.

Employees: The business is owner run with one full time Warehouse Operative and one full time delivery driver. A part time I.T. expert is employed to maintain this side of the business.

Trading hours: Monday – Friday 8.30 am – 5.00 pm

Property: Freehold

Location
The business operated from freehold premises in Suffolk. The freehold value and sale will be agreed by separate negotiation to the business. Rates for the property are charged at £5,046 per annum.

The premises itself measures circa 4,000 square foot separated into two areas, with steel roller shutters and a separate office.

Expansion potential
The current market for this business’s products is stable and is forecast in the longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market
The company has a comprehensive website, detailing all products and services. The business also benefits from its recommendations via word of mouth from the many satisfied customers.

Support & training
Full support and training will be provided to the successful purchaser.

Reasons for selling
This is a genuine retirement sale.