| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 9,320 TIME(S)
BUSINESS REFERENCE : IC006 / RightBiz SPORTS EQUIPMENT SUPPLIER TO SCHOOLS & CLUBS | | | | | | Sports Equipment Supplier to Schools & Clubs Specialist products, embroidery, trophies, teamwear and accessories to well known regional organisations Ref no: IC006 Confidentially offered for sale Location: Berkshire Leasehold Asking price £100,000 +SAV | | | BUSINESS LOCATION: | Undisclosed Berkshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Sports Centres | | SELLER: | Agent Sale | LEASEHOLD: | £100000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was founded in 2001 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and variety of its brands, products, flexibility of service and reliability.
The business operates from a prime location in Berkshire and has established itself as one of the region’s leading independent Sports Equipment Supplier to Schools & Clubs being well known schools and sports clubs in the region. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has always believed in the pursuit of excellence, installing new technology, constantly reviewing and updating its service commitment and its methods of business, for example its commitment to its inventory management system, ensuring that valued customers receive the very best service and quality of product.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth over its 6 years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
This business’s professional approach, plus considerable management expertise has earned the company an excellent name. The extensive client list reflects the business’s main focus; to provide sports equipment and products for organisations that want to reflect their commitment to promotions of high integrity.
A key component has been customer service which is focused to a great extent on the premises, the place where the reputation of the business can be made or lost. Understanding this has meant that the business has prioritised this area such that it represents as much a high quality showroom for its range of products as it does being point of purchase.
Since the first days of trading demand for this company’s excellent products and embroidery services have been in solid demand with barely a reduction in pace felt in all that time.
Quality Assurance:
The business manages several hundred customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.
Key Strengths:
The business is an autonomous organisation where the business owner has, over time developed and nurtured a reputation responsible for continuing trading, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.
The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.
Growth and Expansion:
This specialist business maintains an extensive base of satisfied customers who appreciate superior service together with a widespread reputation. The key to maintaining the high degree of customer loyalty is the strong service orientation.
The company has undertaken limited marketing and a high percentage of recommendations are by word of mouth. More assertive marketing and promotion within the appropriate market sectors and the continued investment in the comprehensive and attractive website, could acquire an even larger slice of the market and further increase the turnover.
Growth is set to continue with demand outstripping supply; the Company is well positioned for local authorities, main contractors and other public and commercial projects. A new owner will contribute innovative ideas and outside influence to build on this excellent base.
Premises:
The business is located in an easily accessible area in a popular village in Berkshire with its many key road transport arteries and operates from a well maintained period high street shop circa 1,000 square feet area including operations, storage & administrative office.
The business manages sales by account and direct sales through a modern EPOS system with Chip and Pin.
The premises are leasehold with 1 year remaining. Rent is paid annually at circa £13,000 excluding rates.
The premises has ample on street parking and benefits from Red Care Alarm system features with a deadlock to the main door.
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.
The current turnover is circa £224,000 per annum with a Gross profit of circa 27% per annum and adjusted Pre Tax profits of circa £45,000. All equipment is paid for and the business is financially stable with no borrowings, low overheads, positive cash flow, enjoys a strong order book, high gross and high net profit and has shown consistent growth over 6 years trading.
Employees:
The business employs the Vendor and 1x administrator/accounts who are responsible for day to day operations.
Reason for Sale:
The business is for sale as result of the vendors’ wish to retire.
Support and Training:
The vendors are happy to provide a training period for a length of time to be negotiated prior to the sale | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | IC006 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
