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ONLINE RETAILER OF ADULT PRODUCTS Relocatable

Undisclosed, Undisclosed
Asking Price:
£495,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
247376
Reference
CO183 / Rightbiz

Details

ONLINE RETAILER OF ADULT PRODUCTS
Ref. CO183
Location : Relocatable
Asking Price : £495,000 plus SAV

This online business sells high quality branded adult products to a large database of new and historic customers. Three top selling products are manufactured exclusively for the business by two reliable and long standing Chinese suppliers. A wide range of third party products are also sold, making up 300 different items in total.

Current Operation:-

The current owner uses the services of a relative’s warehouse for a full picking, packing and despatch service at £2,000 per month VAT. The owner processes all orders himself up to warehouse stage, so there are no direct employees.

The owner has a provisional agreement in place to move all stock to a fulfilment warehouse in December 2019. The fulfilment company operates software that links directly with the online website to auto process, pick, pack and despatch orders without any direct employee or staff involvement. The quoted cost of this service will be less than the current £2,000 per month paid for warehousing, packing and despatch.

A new owner would therefore have the option of operating the business him or herself without employing staff, with the owner’s involvement being only to deal with customer queries and to buy in stock.

Alternately if a new owner has their own warehouse available, the current pick, pack and despatch side of this business can be easily integrated.

Reason For Sale:-

The 66 year old current owner has developed serious health issues over the past two months that necessitates a sale.

The owner may be willing to finance a small part of the selling price at standard business loan interest rates, fully secured on the business and website assets.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Seller Details
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Listing Details
Asking Price: £495,000
Tenure: Other
Sector: Accommodation Businesses, Recreation Businesses, Internet Businesses
Financials
Annual Turnover: £1,090,000
Annual Net Profit: £254,000
Key Features
  • Company for Sale
  • High Turnover
  • Established Business
  • Attractive Business
  • Unique Business
Listing Statistics
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Disclaimer
The data showed regarding this advert 'ONLINE RETAILER OF ADULT PRODUCTS Relocatable - CO183 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.