wholesaler of Greeting Cards Toys For Sale

Business description

Major independent wholesaler of Greeting Cards, Toys, Stationery and other Miscellaneous products

With two perfectly placed warehouse locations – one in North West London and the other to the south of the river, this business has been one of the leading wholesale suppliers to the retail industry for over thirty years supplying over 5,000 product lines to retailers throughout Greater London and the Home Counties.

Specialising primarily in Greeting cards, toys, stationery and miscellaneous goods with seasonal offerings for Halloween, Guy Fawkes Night and Christmas to name just a few of the key trading times of the year, this business is dedicated to offering its customers a staggering range of product, with thousands of stock lines available for retail sale every day.
With a wide range of top quality brands at low prices this business is dedicated to meeting the needs of its customers, helping them in every way to maximise their sales and profits. Its excellent service enables this business to deliver stock into single or multiple locations promptly and regularly. Buyers are in day-to-day contact with all of the key suppliers within its product range. This business is able to react quickly to any changes in the market and with excellent supplier relationships this business can offer customers competitively priced products – branded and unbranded - and an on-going range of exciting and motivating promotions. Its customer base of approximately 3000 customers, approximately 400 of which would be considered to be loyal, regular purchasers are principally newsagents, card and gift shops, post offices, stationery shops, convenience stores and corner shops.

Property information

Location:

The business operates from two very impressive warehouses ideally located for easy access to this business’s sizeable customer base.

Outlet 1:

Located in a predominantly residential area of South London, this warehouse with extensive racking is approximately 15,000 square feet split between a Ground Floor area of 8,000 square feet and a mezzanine making up the remainder.

The premises will be available on a leasehold basis, term to be decided at an annual rent subject to negotiation but thought to be in the region of £50,000 - £60,000.

Outlet 2:

Located on a major industrial estate in North West London this building, occupying a corner site, is approximately 22,000 square feet across two floors. There is ample parking and easy access to the M1, M40 and M25 motorways.

The premises will be available on a leasehold basis, term to be decided at an annual rent subject to negotiation but thought to be in the region of £110,000.

Rates for the two outlets combined are approximately £49,000.

Alternatively the freeholds of both locations could be made available. Recent valuations suggest a figure of £1,589,000 for Outlet 1 and £1,400,000 for Outlet 2.

Other information

Competition / Market:

This business is very active promotionally, sending out offer led promotional flyers to approximately 3,000 of its retailers on a monthly basis outside the summer period and also distributes catalogues in the lead up to its key trading days and in particular Guy Fawkes night. There are excellent opportunities to fine tune this approach and market the business more aggressively both to existing and potential customers. A large percentage of new business however is generated from customer referrals, bearing strong testimony to the business's excellent reputation. The company currently does not have a web presence and there is no doubt that the adoption of this medium to communicate promotional offers, the building of an e-mail database and even to the extent of on-line ordering via the web-site could have a significant impact on the turnover and profitability of the Company.

Support & training:

The current Owners would be pleased to assist in the handover of the business to ensure a smooth transfer to new ownership.

Reasons for selling:

The current Owners of the business wish to pursue other interests and pass the business on to new Owners to build upon the excellent foundations that have already been laid.

Trading hours:

The business currently operates Mondays and Fridays between 9.30am and 5.30pm, Tuesday – Thursday between 9.30am and 8.00pm and on Sundays between 10.30am and 3.00pm.