| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 37,479 TIME(S)
BUSINESS REFERENCE : EW007 / RightBiz GARDEN WHOLESALER OF RUSTIC WOOD PLANTERS, BASKETS AND ZINC PRODUCTS | | | | | | Garden Wholesaler of Rustic Wood Planters, Baskets and Zinc Products Confidentially offered for sale Ref No: EW007 Location: Relocatable Asking price: £190,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Household Goods | | SALE: | Agent Sale | LEASEHOLD: | £190000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The company was established in 2003 and was subsequently purchased by its present Director. It has built itself a good reputation for reliability and quality and is a well known name in the industry.
It specializes in importing a broad range of wooden planters, woven basketry, zinc made watering cans and miniature troughs that it wholesales to horticultural growers and private and group owned garden centre’s across the UK.
The business sources a broad range of one hundred and twenty different items from a number of suppliers based in China and Vietnam. They presently import around twenty containers of items per annum which are then picked, packed and distributed from a warehouse based in the Midlands.
The company has an extensive database of around three thousand five hundred customers and actively supply a good spread of seven hundred customers across the UK with no one client generating the lion’s share of the revenue stream.
Key Strengths:
Low overheads
Fully relocatable
Could be run from home based office
Good supplier relations
Strong quality control
Profitable
Growth sector
Growth and Expansion:
There is always a strong demand for products such as this which offer the keen gardener that something “a little different” from the ordinary item. The range also provides additional revenue streams to garden centres and horticulturists.
The addition of four sales agents to the sales operation will see the volumes of business grow over the next five years. Regular visits to trade shows will provide additional and complementary items to enhance the range and the increasing level of media interest in gardens will also help sales.
Key Opportunities:
This is a great opportunity to buy a business that can be run from anywhere. It presents a good financial chance for an existing supplier to add on product and revenue streams for a nominal outlay. For the private investor the company presents a great opportunity to acquire a lifestyle business that can be grown to a size suitable for the owner.
Employees:
Two directors
One secretary
One book keeper...part time
One quality control agent
The business has recently taken on board a number of sales agents who will form part of the company strategy to increase sales.
Advertising and Marketing:
The business has its own web site and attends exhibitions and trade shows. It produces a high quality comprehensive catalogue which is sent out twice a year to meet the demands of the Spring and Autumn market.
Premises:
The company has outsourced all warehousing and deliveries. It rents a section of a distribution warehouse and pays a fee for storage and distribution which fluctuates according to stock levels and sales demand. All staff are provided by the distribution company.
Storage carries an annual fee of around £60,000 with distribution being a further £110,000
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. Turnover for 2008 is anticipated to be in the region of £750,000 with adjusted profits being circa £65,000.
Reason for Sale:
The business was purchased with a view to involving family members in its activities. This has not proved to be the case and the key director has a range of other commercial activities to pursue.
Support and Training
There will be a full and professional handover for a period to be agreed as part of the overall sales negotiation | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | EW007 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
