F/H WHOLESALER - GREETINGS CARDS/STATIONERY/TOYS PRICE REDUCED
Price:
Freehold - £599,000
Business Type:
Retail businesses
Advent Business Sales are delighted to offer to the market this extremely well established and reputable greetings cards, stationers and toy wholesaler, which was set up by the present vendor’s grandfather in 1973 and has been in constant ownership of the family since then.
They have only now reluctantly decided to sell to enable them to pursue their other business commitments.
The company operates this niche business from a large freehold warehouse in Leicestershire and although 90% of its sales are delivered, it does also operate a cash and carry, which is very popular with its local customers.
The vendors run the business to suit their personal circumstances and there are huge opportunities to grow the turnover and profits further by:
• Opening all day on Sunday rather than the 3 hours at present
• Open on Saturday’s, when at present they are closed
• Remaining open for longer during the week, they currently close at 5pm
• Advertising – the business is only currently advertised in the Yellow Pages
The business also have sales agents, which are based in Leicestershire, Warwickshire, Norfolk, Lincolnshire and Nottinghamshire, clearly there is scope to appoint others around the country.
They have approximately 600 retail customers which include post offices, newsagents, universities, colleges, hospitals, department stores, independents and multiples.
.There is obviously the possibility to provide other products to them rather than just those currently offered.
Although they have an extensive stationery catalogue, they approach very few commercial businesses and rely on the retail.
The business reported net sales in the year to December 2006 as £813,000 with a healthy gross profit of 35%, the current year is presently approximately 6% ahead.
The directors are both willing to remain in the business for a period of time to ensure a smooth transfer to a new owner
Please complete the attached confidentiality agreement to ensure a prompt response to your enquiry
Disclaimer:
Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.
N/B:
All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
Our clients are located on a small industrial estate in a small town within Leicestershire.
North Yorkshire
£ 750,000
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