Highly Profitable Scarborough Based Online Retailer For Sale
Price:
Leasehold - £375,000
Location:
North Yorkshire, Scarborough
Business Type:
Retail businesses, Service Businesses
This is a rare opportunity to acquire a unique business opportunity with some truly unique selling points.
This business is a well established and thriving print and canvass company which has been trading for nearly 5 years in total.
The current owner established the business himself, and through persistence and hard work has developed a substantial business with an outstanding reputation, and most importantly with significant profits.
The core of the business is through canvas printing, for example, a customer would provide a photograph of their choice, which would then be professionally stretched onto canvas and sent direct to the customer.
The majority of the prints are provided in digital or print format and are finished to a very high standard.
The business is almost solely reliant on its superb and hugely viable e-commerce website, which is at the forefront of its industry with its technology. It uses the most advanced 3D Virtual photo software available.
For example, customers can upload their own photos, resize and scale the picture themselves, choose their size etc, all through the website.
This minimises human contact between the business and the buyer, and therefore allows for significantly high gross profits in the business.
The website currently receives 980,000 page views per year and this is increasing. The owner has redeveloped and changed the website 3 times in 5 years in order to stay ahead of its competition and give the customers what they want.
The core of the customers are one time buyers, or infrequent â??presentâ?? purchasers. However, the company is seeing an increase in â??corporateâ?? purchasers for companies such as the NHS.
The company has invested into Search Engine Optimisation to ensure its presence is constant, as well as using social media as a vital marketing tool.
The future of the business for any purchaser is bright, with potential development of further artwork products such as mugs and t-shirts, and anything that could be print on!
The turnover of the business has more than doubled in over 2 years, and this growth should be set to continue as we come out of the recession. The business also bucked the trend as it continued to thrive during these tough economic times.
The business only traded 42 weeks of the year in 2010, and had a turnover of £171,000 (approx). Should the business trade all year, projections show a £200k+ turnover.
We believe an ideal purchaser would be a buyer with a passion for art and canvassing, or a competitive business operator who can see the growth opportunities available.
The business has substantial profits as well as a fantastic and unique platform to for future growth. With the right owner, this business has immense potential for development.
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