Business Partnership is delighted to have been appointed as sole selling agent in order to seek a purchaser for this very well established business, which was started by our client in 2001, and has only been made available for sale due to a wish to fully retire.
The business trades in, and holds large stocks, of pre-owned computer printers of various types, primarily to End-Users/SMEs and via its successful Webshop from its modern factory unit of some 6,500 sq ft.
Its market is supplying refurbished and reconditioned units to general IT brokers in UK, corporate IT service companies and increasingly to SME business direct.
A full engineering workshop with excellent trained personnel is the 'engine' room of this business, as it is all about adding value to very low priced 'bulk' second-hand purchases which are then reconditioned and supplied out into a very active marketplace complete with warranties.
Our client has assured us that an excellent handover to any successful purchaser will be offered, with ongoing support on a 'as and when needed' basis is also offered.
Very well established by our client in 2001.
Sales for the year ending 30 April 2018 of £273,000 with a rising gross margin of 66.7%.
Excellent well trained and loyal workforce.
Modern premises of 6,500 sq ft with renewable lease from August 2019.
The business enjoys a healthy split of business through different sectors with an increasing trade being via the e-commerce website.
An excellent hand-over is assured to any successful purchaser.
Genuine retirement sale.
Leasehold – we understand that a fully renewable 3-year lease, which commenced in 2016, is in place for any purchaser at a rental of £30,000, per annum, and is subject to 3-year reviews.