Highly Lucrative Display Box Manufacturer | | Undisclosed Leicestershire | | LEICESTERSHIRE - FULLY RE LOCATABLE DISPALY BOX MANUFA CTURER Specialist mfr of clear boxes for transparent pkg A/T: £227,117 GP: £147,018 NP averaging £111,000 over 3 yrs Basic Engineering skills required Genuine potential to inc sales & Profits ASKING PRICE:OIRO £350,000 inc shareholders funds of circa £50,500 REF: 1099LE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64894
ADVERT IMPRESSIONS : 11,851 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Manufacturing | | SALE: | Agent Sale | ASKING PRICE: | £350000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is located within Leicestershire, but is fully re-locatable nationally
HISTORY
The company has been trading since 1987. The husband and wife Directors purchased the company ten years ago.
REASON FOR SALE
This is a genuine retirement sale.
PRODUCTS/SERVICES:
The company is a specialist manufacturer of clear gift boxes for transparent packaging.
The products are ideal for display gift boxes, clear printable boxes, cosmetic packaging, point of sale presentation and food display boxes.
The product range includes flexible boxes and lids, cartons, cylinders, tubes with end caps.
Production/orders have a minimum order value whilst production runs tend to be to a maximum of 20,000 units per style. This is an area with very limited competition, as most manufacturers will not accommodate small short runs despite the high margins.
Most orders are from the active database or from the web site.
The company has also recently started buying and selling injection moulded packs from a German supplier. At present this accounts for a small part of annual revenues but is anticipated to grow dramatically. This part of the business is currently being incorporated into the current website
CUSTOMERS
The company has an active database of circa 300 customers.
Two thirds pay for all goods on an upfront basis with the balance paying promptly.
The company owns a vast range of almost 2,000 for me boards, which ensures a high level of regular and repeat orders
STAFF
Husband and wife
Assistance of two self employed out workers.
FINANCIALS
Accounts will be made available to a genuine purchaser after viewing the business and signing a non disclosure agreement.
2011 2010 2009
Sales (ex VAT) £227,117 £190,976 £248,663
Gross £147,018 £116,507 £149,803
Net £124,751 £91,872 £118,923
Shareholders funds £50,526 £34,719 £57,289
SKILLS REQUIRED
The Director informs us that basic engineering skills are required in order to run the business.
PREMISES & EQUIPMENT
Our client is running the business from home in a barn. We are informed that a new owner would require approximately 2,000 square feet to conduct the business appropriately.
The company pays an annual rent of £5,000 per annum.
Equipment includes:
Two Heidelberg presses
One industrial guillotine
All appropriate racking and shelving is also included with the consideration value.
HAND OVER
The Directors are flexible to conduct detailed hand over periods. They are also willing to guarantee the debtors upon a share sale.
SCOPE
Tremendous scope from the recent German supplier to increase the already outstanding bottom line even further.
As the economy recovers from recession and new businesses start up, the business will naturally grow in terms of top and bottom lines.
Attending exhibitions and gift fares for awareness of the versatility of the ranges
Looking for new markets as the product ranges lend themselves to a wide variety of market places
Better marketing and a greater web presence
At present the Directors do not visit any clients. A sales person would be able to ask for referrals from the already 300 strong and happy client base
CONCLUSION
Genuine sale, which presents a rare opportunity to purchase such a clean, tidy and profitable business, with post completion support if needed. Incredible potential to increase bottom lines much further, but must have some basic engineering skills. Full training provided.
TRADING HOURS:
Mon to Fri 9am to 5pm
TENURE
Fully re-locatable.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1099LE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
