Wholesaler of Mirrors With Blue Chip Customer Base
Price:
Leasehold - £1,000,000
Business Type:
Retail businesses, Service Businesses
NORTH WEST LONDON
IMPORT AND WHOLESALE OF MIRRORS, WALL FURNITURE AND BATHROOM FITTINGS WITH LUCRATIVE BLUE CHIP CUSTOMER BASE
• Established 4 years
• Turnover £1,998,626 (2010) with £2, 500,000 projected (2011)
• EBITDA averaging £234,500 per annum over the last 2 years
• Leasehold £1M
• Reference: 9901 NW
BUSINESS SUMMARY
This successful company has developed an excellent reputation with a blue chip customer base supplying mirrors, wall furniture and bathroom fittings on a wholesale basis. Trading from its base on a large industrial estate in north-west London, its customer base is located throughout the UK. They are mainly well known high street retail names along with a number of large independent stores. Our client has an excellent relationship with a Chinese manufacturer which allows a very wide range of products to be sourced and supplied to specific customer requirements.
Our client has enjoyed a successful trading history since founding the company in 2007. During this period, the business has generated significant and consistent profits, other than during the first year of trading when set up costs were considerable. The customer base is well spread and the business benefits from a capable staffing compliment. In financial terms the balance sheet is very strong, with turnover growing year on year and with a consistently high EBITDA figure ensuring excellent earnings for a new buyer, including the potential for considerable economies of scale.
Over recent years the company has expended considerable effort to forge strong links with a very large number of blue chip retailers and work continues to extend its range of new customers. Overall, the market for household items is growing, with considerable opportunities to expand sales beyond their existing level of £2.5 million.
The company would be an ideal purchase for a similarly sized or larger corporate with a good knowledge of the industry and with an acquisitive growth strategy. Such a purchase would give access to mature, blue chip, repeat customer base, a company with solid financials and excellent potential for growth. The business would also appeal to a company seeking to sell their existing product range into large blue chips. Scope for cost saving is considerable.
SCOPE AND POTENTIAL
The company is ideally located in London, close to the various head offices of blue chip retailers. As such, it is ideally placed to exploit opportunities that will invariably arise over the next few years. Marketing expenditure has been considerable (over £60,000 annually) and combined with an excellent website, our client has now established an excellent brand presence within the market.
There are considerable opportunities for the right buyer to increase the range of goods sold to the existing customer base. At present this is limited to mirrors, wall furniture and bathroom fittings, but the range could easily be expanded. Moreover, there are many opportunities for additional penetration within the market, which could include other retailers, television shopping channels, and various internet based strategies. There would be considerable scope to develop a retail operation or to integrate the business with a buyer with a retail distribution network.
Cost wise, there may well be considerable savings to be made for the right buyer. Economies of scale could be considerable in merging this company with a buyer.
FOR FULL DETAILS PLEASE CONTACT OUR OFFICES OR SIGN AND RETURN THE CONFIDENTIALITY AGREEMENT
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.
North Yorkshire
£ 750,000
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