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High Profit, Manufacturer and Retailer of Retro Arcade Games

Birmingham, West Midlands, England

  • Leasehold Price: £125,000
  • Annual Turnover: £213,000
  • Annual Net Profit: £100,000
Seller Reference: 36971-92453
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Business Description
 
 
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Seller Reference: 36971-92453
Request Details
Business Description
Transworld are proud to present a High Profit, High reputation, Manufacturer and retailer of Retro Arcade Games.
In just 18 months the business has grown from exploratory manufacture of a game in the owner’s kitchen/ shed to a business set up in light industrial premises manufacturing full stand up and table top versions of a product which is setting new sales records monthly. The Retro Games Market is massive globally, specialising in games from the late 1970’s through to the 1990’s. The machines typically hold up to close to 1000 games. The business offers machines which can be customised to your specification. The level of customer service has led to a significant amount of referral business. The business operates to excellent profit margins and has significant potential to increase profitability through both revenue improvement and cost reduction. During the past 18 months the business has built an excellent reputation. The team are currently developing a fully capable E Commerce Website which we expect to be fully commissioned and working by March 2018. This combined with developing a digital marketing campaign which will take the business to the next level of output and profitability.
This is an ideal time for a new business owner to build on the excellent foundations which the current team have in place.
This is a great opportunity to purchase a successful, vibrant Manufacturing and retail business which manufactures a product with global appeal.

Potential
Target wider markets – current sales are generated predominantly by referral and word of mouth. A focused marketing campaign will increase the route to sale significantly.

Giving consideration to the current product range, manufacturing processes employed and the supply chain there is significant potential to increase revenue and reduce costs.

Increase market share – the increase in marketing will deliver a greater market share. There is opportunity to take business away from primary competitors.

Increase insurance cover to allow the business to tap into the North American and other global marketplaces.

Increase selling prices – Product pricing is significantly lower than competitors. Pricing strategy should be clearly considered as part of the overall plan.

Reduce purchase costs by increasing manufacturing capability and bulk purchase of standard items. With better planning a prospective buyer should be able to buy in larger quantities from UK and China. Chinese items tend to be air freighted when really, they should be carried by sea.

E Commerce website – The new website which is close to completion will open the door to many new UK and global online customers.

The team have also started to market on Amazon expanding the population of their potential customers significantly.

Read their reviews online.

Digital Marketing campaign. A focused marketing campaign targeting all potential routes to market will significantly increase market potential.

Conclusions

The business is a High Profit Manufacturer and retailer of retro game consoles.
Product available in different configurations. Standard variations offer between 645 and 999 games.
Table top versions can be supplied on a bolt on stand.
Other products are also in development
Business has grown significantly through referral and Word of mouth. All product is tested, final inspected and PAT tested.
Fully capable ECommerce website under construction.
Significant opportunities to increase market.
Opportunity to increase pricing and/ or reduce costs.

Key Financial Information
Proven Weekly takings
£4000 based upon current weekly sales.
Summary
The premises are located in a busy residential area on a main thoroughfare close to Birmingham city centre. The owner has been running the business since 2016. In 2017 the business moved into the current larger premises.

The current premises are 600sq ft. and are secured with a security system incorporating an alarm and a CCTV system.

The business supplies high quality “Retro Gaming Machines” which offer great value to their customers. They have not yet employed all methods of increasing their route to market.

The units are manufactured in a small industrial unit close to Birmingham city centre. The customer chooses whether to choose a 645, 815 or 999 game console. A customer may ask that an alternative unit is fitted to the machine. Certain machines can have access to 8000 games!

The team have continued to extend their product range. The Table top versions can be supplied bolted onto a stand which gives a finished product that is a real centrepiece. In keeping with the team’s other products this has been priced very competitively and has been received very favourably.

They are also busy developing a table top version.

All products are manufactured to a standard process.
All products are passed by final inspection and documented.
All Products are PAT tested.

The Purchase of this debt free, established high reputation business comes complete with
All business assets, fixtures, fittings and equipment. (Please see details below) Replacement value £15609
A clear handover plan which will guarantee the owner the short-term security he requires.
A fully functional E Commerce Website.

Assets details as follows:

1) 1 x HP DESIGNJET Z6200 £5800
2) 1x EPSON WORKFORCE WF-3640 £129
3) 1x Wide Format Laminator 60” £780
4) 1x Sealed Air Instant Pak Simple machine “Packaging solutions” £2689
5) 1x New Air I.B.FLEX Bubble wrap machine “Packaging solutions” £1600
6) 11x Work benches £55 per bench £605
7) 3x Racking storage £109 per racking £327
8) 1x Storage Racking £190
9) 1x Tool Storage station £150
10) 1x CCTC 4 cameras inside and outside £300
11) 1 x PC £550
12) 5X Power tools Bosch & Dewalt £799
13) 2x Gas butane heaters £59 per heater £118
14) Misc. tools – screw drivers, crimping tools wire strippers etc. £500
15) 2x Hot glue guns, 1 cost £39 the other cost £300 £339
16) 1x Soldering iron £100
17) 1x Henry Vacuum £99
18) 1x Table saw £250
19) 1x Circular saw £185
20) 1x Grinder £99
Total £15609

Stock will be valued at the day of purchase by both parties and added to listing price to give the final sales value

The whole team have a great mixture of skills and experience and operate effectively to deliver excellent customer service in a friendly environment.

The current team are looking to make changes which suits their current situation. They are looking to looking to start up three new businesses as soon as possible and are keen for a quick sale. One employee will stay until such a point that the new owner has the right people and processes in place to operate with complete ownership of Quality, Control and cost.

Current Rent is £1300 Per Quarter

Rates £ Zero

Utilities £ 80 PCM

The current lease is due for renewal at the end of April 2023 but also includes break clauses providing the tenant gives 6 months’ notice. Giving an opportunity for the new owner to move to other premises if it suits the forward business plan.

Trading Hours

The business opening hours are:

Monday to Saturday 10am to 6pm

Highly Confidential Must Contact Listing Agent for Instructions
Number of employees:
2
Tenure:
Leasehold
Support and Training:
8 weeks
Listed by:
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