Businesses for Sale

Sale Memorandum

Well Established Supplier of Office Stationery, Furniture & Computer Equipment to the B2B Market

Ref.AN016

Location North Wales (Yet Fully Relocatable)

Asking Price £ 94,950

Confidentially offered for sale

Next Step, please view
Terms & Conditions and submit Confidentiality Form/NDA online

Location: North Wales (Fully Relocatable)

Asking price includes:

Current Turnover circa £275 ,000
Gross Profits circa £80,000
Stock circa £5,000
20 years successful trading
Established large client/customer base
Remotely hosted back office system
Fully integrated web sales system
Excellent supplier partnerships
Superb interactive website
Virtual Premises
Large product range
Training and handover
Sterling reputation
Goodwill

Business profile:

This business set up some 20 years ago by the current vendor provides a comprehensive range of products to the office and business market place. It has a comprehensive range of product lines on offer and these include items within the following ranges:

• Office stationery
• Office machines, accessories and consumables
• Furniture and office environment
• Facilities management (inc catering, janitorial ,health and safety items etc)
• Miscellaneous (bespoke printing, business gifts, promotional materials)

The business has established an enviable reputation in the market it serves and this is illustrated by the impressive range of customers it has within both the public and private sector. It is truly a one stop shop for the majority of its clients and has built up an excellent portfolio of key suppliers who ensure consistent and reliable supply of product at very competitive prices.

The business markets its products and services both online and via an impressive catalogue service. Customers can order via phone, fax, e-mail or buy online. Goods are dispatched direct from the suppliers generally. The business does also hold stock of popular lines and can deliver direct to their customers as and when required.

Equipment/Technology:

The business has a fully networked computer system with an integrated web sales order system( including full digital catalogue). The back office is remotely hosted which allows the vendor great flexibility in terms of management. The "Horizon" hosted platform offers operational guarantee complete with technical support giving worldwide access.

Customer Service:

Customer service is based on speed of response, be it initial enquiry right through to speedy delivery and complete order fulfilment. Clients are able to order by either using a comprehensive catalogue or by logging on to the company website and ordering on line.
The company keeps clients up to date with offers and new products and services through the website and quarterly mailers. This company can boast an excellent level of customer retention and high levels of repeat business.

Key Strengths:

This business is well established with a fantastic reputation for choice, knowledge, great prices and efficient service levels. It has an excellent advertising and marketing platform already in place and a huge database of clients from a wide range of markets including B2B, local authority, regional accounts and a small number of national accounts. The back office systems can be managed remotely and the business has low overheads with no premises and low head count. It is in an excellent position to grow.

Growth and Expansion:

The owner suggests that further internet advertising would certainly increase sales revenues, as would a true strategic database development programme. The business has a good mix of clients, many of whom have multiple sites and additional opportunities ripe for expansion. There is no reason why a new owner could not expand the coverage of the business to further develop existing regional and national accounts and to do more direct deliveries.

Business Hours:

Monday to Friday : 0830 – 1730
Interactive Website 24/7

Advertising and Marketing:

The business has a highly informative suite of marketing information including a very impressive interactive website which enables online transactions, as well as both annual and quarterly catalogue publications/mailers which it sends out to customers with their orders.

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Current turnover is circa £275,000. Current stock levels are circa £5,000 which is testament to the excellent supplier relationships this business enjoys. The company has restructured over recent times and now has very low overheads. This company represents a significant opportunity for a new owner to drive this well established business on through its next period of growth. By his own admission the current vendor has not been able to commit himself 100% to the business in recent years due to his other business commitments.

Employees:
The current owner oversees the business on a part time basis. The vendor’s wife also works part time controlling the financial and administrative functions. The business employs

1-Full Times Internal Sales/Administrator
1- Part -Time Delivery Driver

Support and Training

The current vendor is willing to provide a handover and training period to ensure continuity of trading as required.

Reason for Sale:

The director wishes to concentrate his efforts in other commercial ventures he currently has interest in.

Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk

Businesses for sale