Freehold Bunting And Hand Waving Flags Manufacturer | | Undisclosed Relocatable | | MIDLANDS FREEHOLD BUNTING AND FLAGS Est 13 yrs, extensive UK base client d/base. 40% trade 60% retail A/T: £867,417 NP: £293,521 Tremendous scope available Can be run on management F/H: £1.1M for a share sale | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69230
ADVERT IMPRESSIONS : 15,269 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Manufacturing | | SALE: | Agent Sale | FREEHOLD: | £1100000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business operates from spacious freehold premises based in the Midlands.
HISTORY
• The business was originally founded by the vendor over 13 successful years ago
REASON FOR SALE
• The business is only now being offered for sale to enable the vendor to pursue an alternative unrelated business venture
PRODUCTS
• The business focuses on the manufacture and sale of bunting and hand waving flags
CUSTOMERS
• The business has an extensive UK based client data base with no over reliance on any single client
• Approximately 40% of sales are trade based clients with the remaining 60% to retail customers
STAFF
• 6 full time staff including the vendor.
• 2 part time staff, one of whom works for 2 days per week and the other for 4 days a week
TRADING HOURS
• Weekdays 9am to 5pm
• Occasional weekends if required to meet a deadline
FINANCIALS
2011 2010 2009
Sales £867,417 £798,927 £615,819
Net £293,521 £297,210 £176,658
• Stock holding £6,000
• The vendor is prepared to work with a new owner to ensure a smooth hand over period and to give the necessary introductions to both staff and clients
PREMISES
• Spacious premises arranged over 2 floors with parking in front of the unit with 3 additional owned spaces and free of charge parking around the industrial estate
• The premises also benefits from being fully double glazed and with a full alarm system
STRENGTHS
• An extremely well established business which has been trading for over 13 years
• Excellent customer reputation with a very high repeat and referral trade from other satisfied clients
• Good customer spread with no over reliance on any single client
• Outstanding new annual sales of circa £875,000 which is growing steadily year on year
• Very reliable staff with a low turnover rate
• Excellent web presence
SCOPE
• Approach any export markets with the appointment of overseas agents
• Major events in 2012 include the Olympics, European football finals and the Diamond Jubilee
• Due to the excellent profitability of the business, a manager could be appointed to run the business on behalf of a new owner
• Offer additional products such as;
o Banners
o Car flags
o Football flags etc
o Import products from Far East and Europe
o Digital printing
o Large format banners (including building wraps)
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).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1209MI / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
