| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 110,934 TIME(S)
BUSINESS REFERENCE : CF035 / RightBiz INTERNET RETAILER OF CD’S AND MUSIC DVD’S | | | | | | Internet Retailer of CD’s and Music DVD’s Confidentially offered for sale Ref No: CF035 Location: Location: Fully Relocatable (currently located in London) Asking price: O.I.R.O. £399,950 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £399950 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business provides music DVD’s, CD’s and Vinyl’s to the general public via their fully interactive e-commerce site, benefiting from a high level of repeat business. Having exclusive deals and endorsements from several leading and up and coming artists this company has shown rapid growth since its inception 4 years ago and should continue with this growth into the foreseeable future. They are in the process of looking at additional lines to offer their client base and constant stream of new customers.
This is an industry award winning business with several affiliations to recognised companies offering a front end e-commerce look which leads seamlessly into their own site whereby the public are ordering direct from this retailer. They are placed very high on all search engines, always appearing on the first page, which many of the leading and well known brands do not. Many companies spend thousands of pounds in search engine optimization, which this company receive for nothing.
SEO
The websites ranks top 5 for most of the items it stocks, this is via search engine optimization & not via pay per click, the website ranks above most of its competitors for every item it stocks without paying for sponsored links, this is also the case for new lines and new items added to the website, the likely hood is that each item will rank at the top of the search engines allowing people to come to you first when searching for that particular
item.
BBC Charts
The website also contributes towards chart figures for BBC 1xtra and is credited on the BBC website, the contribution is only done with a handful of independent companies in the UK.
Customer Service:
As a privately owned company the vendors take great pride in its growing reputation for superb customer service. They have built an exceptional name for the competitive pricing of products, (there are no high street premises required) and the service offered, with fast and reliable delivery achieved via Royal Mail. Their delivery service is regarded amongst the fastest in the industry.
The website is completely secure and utilises the very latest technologies to ensure customers information and details are safe and transactions secure and speedy, including paypal payment services.
Key Strengths:
A huge amount of resource, in terms of research, development, security, speed of response, time and money has been invested in the internet and this is reflected by the fact that the website has a high volume of hits every month.
In addition to this the business is well placed in a booming industry with some exclusive artists deals and endorsements and minimal stock required to run this business. It is also cash positive as all monies are received from the purchaser before payment is required by the supplier.
The company has earned an outstanding reputation for its honesty, service and reliability, excellent quality products and highly knowledgeable owners. The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of margins at no loss to custom - a clear competitive advantage.
Growth and Expansion:
The business has a huge growth potential not only from its major brand recognition with the worlds leading artists, but by the opportunity now to add additional product lines and other related lines. They have rapidly established themselves and are ready to go to the next level of growth. The business has an ever increasing customer base and retains a high level of return custom.
The current market for this business is growing and is forecast to continue to grow significantly in both the medium and long term by the emergence of new technologies.
Business operations are not yet at maximum capacity, and there is considerable scope to increase both revenues and profits by gearing operations in line with current and forecast market demands. Sales are generally reactive at present. A more proactive approach to sales would certainly increase turnover and profitability significantly.
Key Opportunities:
This is an outstanding opportunity to build on the existing services and customer base of this business. With a strong demand for products, combined with a capacity to increase turnover further, a new owner contributing fresh initiatives will have every opportunity to build on an excellent platform.
The firm maintains an extensive base of satisfied customers who appreciate the company's superior levels of customer service. Not only is this database highly detailed and up to date it is also ideal for future development. There are many excellent avenues for growth, not least the addition of many more product lines and far greater use of advertising media.
Employees:
There is currently one member of staff in addition to the two owners of the business of the business. He is prepared to stay if required or to leave if the business is to be relocated to more than reasonable commuting distance.
Advertising and Marketing:
The businesses main form of advertising and promotion comes from its placement on the various search engines benefiting from first page placement on most of them combined with regular quality newspaper features and articles and some mobile advertising in the London area.
Premises:
There are premises associated with the sale which comprise of an office and storage area in London on a monthly licence and can be vacated at the conclusion of the sale if the business is to be relocated.
Business Hours:
Office hours are 10.00 – 6.00 Monday to Friday but can be changed to suit.
Website is operating 24/7
Security:
This is a fully secure website with secure payment through paypal services.
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 has been growing at 100% p.a. since the inception of the company 4 years ago with turnover circa £255,000 for 2007 and is expected to be in the region of £500,000 for 2008. Gross Profit is circa 45%.
Reason for Sale:
The business is ripe for expansion and would benefit from a new owner with new energy, drive and focus to take it through to its next period of growth and really develop all the opportunities at its disposal. One of the current vendors is moving abroad with the other vendor now with too much in family commitment to continue on his own and to be able to continue with the time investment now required with this expanding business.
Support and Training
The vendor is happy to provide a full business familiarisation training and handover period for the new owner to provide continuity of trading | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CF035 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
