Asking price: £3,500,000

Sales revenue: £1,500,000

Net profit: £75,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Freehold Retailer & Importer of Branded Household Goods with Bespoke Packaging

This business was founded in 2005 by the vendors and is a respected and highly successful name in imported goods and bespoke packaging. The business imports goods from China selling approximately 600 lines directly to retailers and also benefits from 8-9 registered own brands, plus its own bespoke packaging, for which it has won an enviable reputation.

There is a significant opportunity to grow this business by increasing the number of customers and broadening the range of products in line with the requirements of the client base. The introduction of a sales/marketing team could greatly improve turnover. This business is dedicated to providing customers the very best in service and delivery with quality products at attractive prices.

This business, a professional trade service for independent retailers, stocks a wide range of items including food containers, cleaning products, dinnerware, cookware, candles, bulbs, disposables, housewares, toys, stationeries, CDs, gift wraps, cosmetics and branded goods, etc., with new stock constantly arriving. They specialise in importing and supplying primarily £1 lines, mostly from China.

This is a well-established and highly successful business based in North West London concentrating on a huge range of its own and customer branded products, with a well established reputation for competitive sourcing and reliable supply of specific functional homewares.

Equipment

The company utilises its own bespoke software. The business also has two vans and a forklift truck for warehouse use, in addition to substantial freehold premises.

Customer Service:

The business manages several hundred customers and has the systems and processes to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is fast delivery and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.

High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business

Key Strengths:

This business is a well established importer and supplier of branded and own brand goods, with bespoke packaging, selling direct to the retail trade. They have a fantastic reputation for great prices and personal service.

Key Opportunities:

This is an outstanding opportunity to build on the existing customer base, products and services offered by this business. The business could also benefit from further sales and marketing development, direct or otherwise. There is also a significant opportunity to grow this business by increasing the number of clients nationally.

There is also an excellent opportunity for a new owner to expand into Internet advertising and e-commerce sales, which would generate a huge increase in sales with direct online ordering.

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 annual turnover of the business is circa £1,160,000 with adjusted net profit of circa £75,000, stock circa £600,000 and Freehold circa £2,000,000.

Years established: 2005

Employees: The business is currently owner run with five full time employees.

Trading hours: Monday – Friday: 8.00 am to 5.00 pm

Property: Freehold

Location
This business is superbly located close to main arterial roads and the national motorway network in and around London. It enjoys the benefits of its highly visible presence and signage and invites a great deal of passing trade.

All the property is freehold and consists of a superior office with air conditioning and heating facilities, two warehouses approximately of 4,500 sq feet and 9,500 feet, with a Freehold circa £2,000,000.

Competition / Market
The business has never used any form of advertising in the past. The business has built up an excellent reputation and enjoys a high level of repeat business and the finest form of marketing, word of mouth recommendation as well as client referrals. A lot of revenue of the business has also been due to the excellent website that provides information on the business and its wide range of products.

Support & training
The current owners will be happy to be retained by the new owners of the business. This will ensure a smooth transition to new ownership and provide continuity to the client base.

Reasons for selling
The vendors wish to move abroad for other opportunities.