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BUSINESS REFERENCE : AN016 / RightBiz WELL ESTABLISHED SUPPLIER OF OFFICE STATIONERY, FURNITURE & COMPUTER EQUIPMENT TO THE B2B MARKET | | | | | | Well Established Supplier of Office Stationery, Furniture & Computer Equipment to the B2B Market Confidentially offered for sale Ref No:AN016 Location: North Wales (yet fully relocatable) Asking price: £197,500 Plus stock at valuation | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Computer & Equipment Sales | | SALE: | Agent Sale | LEASEHOLD: | £197500 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business set up some 17 years ago by the current vendor provides a comprehensive range of products to the office and business market place. It has over 14,000 product lines on offer and these include items within the following ranges:
· Office stationery
· Computers, machines, accessories and consumables
· Furniture and office environment
· Facilities management (inc catering, janitorial, health and safety items etc)
· Miscellaneous (bespoke printing, business gifts, promotional materials)
The business has established an enviable reputation in the market it serves and this is illustrated by the impressive range of customers it has within both the public and private sector. It is truly a one stop shop for the majority of its clients and has built up an excellent portfolio of key suppliers who ensure consistent and reliable supply of product at very competitive prices.
The business markets its products and services both online and via an impressive catalogue service. Customers can order via phone, fax, e-mail or buy online. They can even visit the premises if need be and view items in the showroom. Goods are dispatched direct from the suppliers generally. The business does also hold stock of popular lines and can deliver direct to their customers as and when required.
Equipment/Technology:
The business has a fully networked computer system with an integrated web sales order system. It also utilises the industry standard Vision software package that allows ample opportunity to continue growing the operation.
Customer Service:
Customer service is based on speed of response, be it initial enquiry right through to speedy delivery and complete order fulfilment. Clients are able to order by either using a comprehensive catalogue or by logging on to the company website and ordering on line.
The company keeps clients up to date with offers and new products and services through the website and quarterly catalogues. This company can boast an excellent level of customer retention and high levels of repeat business.
Key Strengths:
This business is well established with a fantastic reputation for choice, knowledge, great prices and personal and efficient service levels. It has an excellent advertising and marketing platform already in place and a huge database of clients from a wide range of markets including B2B, local authority, regional accounts and a small number of national accounts. The office is fully networked and has the latest industry software to ensure efficient levels of performance. It is in an excellent position to grow with spare capacity within its current infrastructure.
Growth and Expansion:
The owner suggests that further internet advertising would certainly increase sales revenues, as would a true strategic database development programme. The business has literally thousands of clients, many of whom have multiple sites and additional opportunities ripe for expansion. There is no reason why a new owner could not expand the geographical coverage of the business to further develop existing regional and national accounts and to do more direct deliveries.
Employees:
The current owner oversees the business on a part time basis. The vendors wife also works part time controlling the financial and administrative functions. The business also employs
1-Full Times Sales Representative (Internal and external duties)
2- Full Time Telesales
1- Full Time Driver/Warehouse
It has to be stated that the current employees are of such a calibre that the owners only need to work on a part time basis
Advertising and Marketing:
The business has a highly informative suite of marketing information including a very impressive interactive website which enables online transactions, an E-Bay classified site as well as both annual and quarterly catalogue publications which it sends out to customers with their orders. The business also advertises within the yellow pages, both hard copy and online.
Premises:
The business is currently run from single storey premises located on a small industrial park close to the town centre with parking for some 7 cars. The site is owned by the vendor. The offices and showroom consist of some 2500 square feet with a further 2000 square feet of warehouse. All services are connected. The vendor is aware that the premises are too big for the current operation and would be happy for a new owner to re-locate the business should they wish or alternatively he would be happy to offer a suitable lease if need be, subject to negotiation. Rates are circa £2,500 p.a.
Business Hours:
Monday to Friday: 0830 – 1730
Interactive Website 24/7
Security:
The premises are fully alarmed and all windows and doors have security bars as well as CCTV and perimeter fencing.
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 business has achieved average sales over the last 4 years in excess of £600,000. Current stock levels are circa £11,000 which is testament to the excellent supplier relationships this business enjoys. This company represents a significant opportunity for a new owner to drive this well established business on through its next period of growth. By his own admission the current vendor has not been able to commit himself 100% to the business in recent years due to his other business commitments.
Reason for Sale:
The director wishes to concentrate his efforts in other commercial ventures he currently has interest in.
Support and Training
The current vendor is willing to provide a handover and training period to ensure continuity of trading as required | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AN016 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
