• ESTABLISHED BRAND SPECIALISING IN HIGH PERFORMANCE LED LIGHTING
• INCREASING SALES TREND ASSISTED BY EU LIGHTING EFFICACY DIRECTIVE FOR 2017
• ESTABLISHED CUSTOMER BASE WITH STRATEGIC PARTNERS
• RUN SUCCESSFULLY FROM HOME SINCE 2007
The business is operated successfully from a home office with some storage capacity in North Somerset. The vendor has concentrated his direct marketing activity in the M4/M5 corridor for convenience of travel but the business is suitable for relocation almost anywhere within the UK.
This most interesting business sources high quality LED lighting products from trusted manufacturers in China for supply mainly to the commercial market in the UK via a website which enjoys a high ranking in view of the strength of the domain name – www.ledlights4you.co.uk. Pallet stocks are delivered to a warehouse in Holland and drawn upon as required thereby minimizing storage space.
In addition to website sales, the vendor also undertakes a regular programme of direct marketing to retail, industrial and commercial businesses as well as enjoying strong relationships with a number of strategic partners which results in enquiries for the replacement of conventional incandescent, fluorescent and metal halide lighting, which are becoming obsolete, with the highest efficiency modern LED lighting systems. These produce improvements in the working environments of offices, shops and factories as well as giving clients access to significant cost savings. Work has been carried out for prestigious names such as BBC Radio, Fortnum & Mason, Glasgow Rangers FC and the National Space Centre to name but a few.
The vendor, who works from a home office assisted only by his wife with telephony and administrative aspects, carries out site surveys and formulates proposals for clients before supplying the products, usually to be fitted by third party contractors.
The trading history of the business is strong with excellent profits and the positive trends seen over the past three years are continuing in 2016.
The vendor now wishes to retire, although he would be happy to continue working in support of a new owner if desired, and the business is being offered for relocation. He asks politely that all enquiries be routed through Adams & Co please, who are able to supply more detailed financial information and are authorized to arrange viewings, and on no account should a direct approach be made.
The vendor launched the brand name and commenced trading in LED lighting in 2007.
Please note that if a business is VAT registered, all figures exclude VAT.
An increasing trend of sales and profitability is evidenced by financial accounts for the three years ended 30 November 2015. The vendor advises that there has been a further uplift in activity in the current financial year and higher sales and profits are anticipated in the full year ended on 30 November 2016.
Sales of £144,492 were reported for the year ended 30 November 2015 which generated an adjusted and abridged net profit of £56,603 before director’s remuneration, wife’s wages, bookkeeping and accountancy fees and depreciation.
REASON FOR SALE:
The vendor now plans to retire.
The business is operated by the vendor with telephony and administrative assistance provided by his wife.
The vendor chooses to work full-time Mondays to Fridays but as the business is suitable to be operated from home there is a good degree of flexibility, particularly in relation to the packaging and despatch of website based orders.
Business only for relocation.
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