Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Supplier Of Bespoke Products To 5 Star Hotels & Corporate Sector

LISTING DETAILS
Firms For Sale ID:
34841
Vendor reference:
CQ212
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£300,000  
Turnover / revenue:
£626,551
Net profit / cashflow:
Undisclosed
Years established:
20
Trading hours:
Monday Friday 9:00am 5:30pm
Number of employees:
2
Employees / staffing:
The current employees include the two shareholders who work full time plus a full time PA/Administrator and part time Bookkeeper.

OTHER DETAILS
Reason for selling:
The vendors have a genuine interest to retire.
Support and training:
Full business familiarisation, training and handover will be provided for a period of time to ensure a smooth transfer of the business to new owners.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
Yes
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Supplier of bespoke products to 5 Star Hotels & Corporate Sector
Ref. CQ212
Location : Kent & London, Fully Relocatable
Asking Price : GBP 300,000
The business was established as a partnership 20 years ago but has been trading as a limited company since 2007. The business supplies bespoke personalised merchandise to the Corporate sector and Five Star Hotels in the UK.. Their services includes supplying products ranging from branded general promotional items, pens and pencils andclothing to confectionary and umbrellas.

The business has generated a profitable and healthy income since its inception. The company has an excellent reputation for high quality goods. The business is very much customer led and focuses on supplying the needs of its Corporate and Hotel Clients.

Orders placed by their clients typically range from GBP 5k25k per order.

Items are sourced and manufactured from a wide variety of UK, European and Far East factories and trade suppliers.

The business uses Quickbooks to manage its accounts and invoices and excel spreadsheet to monitor their stock levels. The company enjoys high repeat levels of business as its reputation has considerably grown since their first launching in 1998.

Investment in social media and marketing would greatly benefit the business as it currently only utilises recommendations to receive new business.

The current employees include the three shareholders, two of whom work fulltime, plus a full time PA/Administrator and part time bookkeeper.

This opportunity is an ideal business venture for anyone looking to establish a foothold in this industry or for someone already in the sector looking for a strongly performing, additional business to bolt on to their existing activities.

Expansion Potential
The business became the preferred supplier to some existing clients towards the end of last financial year and this has increased their turnover. Turnover for the first quarter of the financial year (1/10/17 - 31/12/17) was £270k. So if the business maintains last year's turnover for the remainder of the current financial year then the turnover for the current year will be circa £800k with the commensurate increase in profitability.

The business is expected to continue to grow as the demand for bespoke products is ever increasing.

The business is very much customer lead and focuses on supplying the needs of the Corporate and luxury Hotel markets.

Future growth could be achieved in the existing markets by supplying other merchandise products to the sectors as well as gaining additional Luxury Hotel clients in the UK and Europe and the Middle East.

With further investments in sales, marketing and advertising to increase awareness, there is a great potential of further profitabe growth.

Market / Competition / Non-Competition Agreements
The business has an informative website which includes some of the products which they supply. The company enjoys high repeat levels of business as well as referrals from clients.

Word of mouth is the main source of marketing.