Featured Brokers
CONFIDENTIAL SALE
FOR SALE
09/11/23
602416
CQ219 / Rightbiz
Online Retailer of Personalised Stationery and Gifts
CONFIDENTIALLY OFFERED FOR SALE
Ref No: CQ219
Location: Shropshire
Asking Price: £550,000 including SAV
Asking Price Includes:
Turnover c. £724,000
Gross Profit c. £310,000
Net Profit c. £245,000
SAV c.£180.000
A superb business model
Exceptional product range
Huge potential to significantly increase turnover
High organic internet ranking
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of this superbly presented business, which markets a vast selection of personalised stationery and much more.
Business Profile:
With an extensive product range to offer both business customers and consumers directly. Laptop bags, travel accessories, happy planning & bookmarks, dated diaries, spiral food diaries, meal planners, recipe books and inserts wedding planners, Christmas planners and much more. The business reaches its market mainly utilising Instagram.
Customer Service:
The business prides itself on exemplary customer service. The business model is very strong and efficient and attracts regular repeat business as well as significant numbers of new enquiries.
Key Strengths:
The key strength of this highly profitable business lies in future potential. The current owners have very little marketing experience, which in turn underlines the strength of the business model. Cash flow is superb, cash at bank currently stands at nearly £850,000
(This is not reflected in the asking price).
Instagram and other social media following approaching 300K followers.
Financial Performance:
The goodwill in 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 c. £724,000
Gross Profit c. 43%
Net Profit c. £245,000 before management costs
Net Profit after replacement management costs is c£150,000
Asking Price:
The asking price of £550,000 inclusive of net assets (excluding cash & debt) is for 100% of the issued share capital of the company. There is a significant surplus c T ash balance which is not reflected in the asking price and will be paid for in addition to the final sale price on a £ for £ basis
Employees:
The current owners feel that this business could benefit greatly with an injection of marketing and advertising experience.
The current owners feel that this business could benefit greatly with an injection of marketing and advertising experience.
The business is managed by the two owners and one employee.
The cost of replacing the owners is c£100,000.
Reason for Sale:
The current owners feel that this business could benefit greatly with an injection of marketing and advertising experience.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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