Memorabilia &Themed Decorations
Unique Product Ranges for Bars & Restaurants & Props
Location : Yorkshire/Relocatable
Asking Price : £249,000
Turnover : £60,000
Net Profit : Undeclared
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : £350,000
Premises : Relocatable
Confidentially offered for sale
Asking Price: OIRO £249,000
(Selling at below Stock Value of c£350,000)
High Quality In Demand Stock at cost circa £350,000
Historical Turnover circa £300-450,000 p.a.
Current Turnover circa £60,000 p.a. (vendor spends 40% time abroad!)
Typical margins circa 80-100%
European customer base (UK, Scandinavia etc.)
Various themes- American, British or Irish Pub, French, Italian, Sports etc.
Well established business (trading 37 years)
Regular, repeat customers
Excellent supply chain-unique product lines (not China)
Excellent name & reputation
Superb growth potential
This is a rare opportunity to aquire a unique and truly alluring business opportunity that has evolved over many years succesful trading to become one of the best known independent specialist themed memorabilia and interior decor supply companies in the UK.
The business has been trading for 37 years and it has developed a huge in-demand product portfolio during that time to meet the requirements of a very diverse range of commercial clients, both within the UK and overseas.
The company has historically supplied a unique range products for complete commercial interior fit out projects, be they pubs, restaurants, leisure locations, retail sites, not to mention corporate events and tv/film productions….the list is endless.
Clients include interior designers, architects and contract interior companies as well as bar/restaurant owners and companies be they single site or large multi-site operations.
These customers, many of whom are regulars come from far and wide (particularly Europe) to view and buy its high quality product offerings that include interior furnishings, signage, props, pictures, display cases, photos,mirrors, blackboards etc. Historically the business has even designed and sourced/manufactured bespoke items for customers based on requests they have when visiting. Many of these designs are still popular today with no alternatives in the market.
Typical themes include
The vendor has been selective when sourcing products over the years and has built strong relationships with many smaller manufacturers in Indonesia, The Phillipines as well as America which has enabled it to offer exclusive designs and have more control over design etc. not to mention keeping costs down and sale prices high.
Historically the business has generated sales of up to £450,000 p.a. However over recent years the vendor has down-sized the business operation through choice and spends long periods of time overseas enjoying the fruit of his previous labours, mainly due to pending retirement. Last year the business generated just £57,000 in sales, however there is no reason why a new owner with a new injection of energy and business acumen cannot grow the business again as the demand is still there, as are the clients. The online opportunities are significant and the stock is still highly desirable.
The warehouse is well racked out. All equipment, moveable shelving and office fixtures and fittings are included alongside the quality stock.
The business has retained many satisfied customers over the years, many of whom have dealt with the company for 20+ years.
It carries good levels of stock with many exclusive lines so can fulfil orders quickly and effectively and has experienced delivery methods.
The website provides detailed images of products.The company also has hard copy brochures and flyers to support enquiries and illustrate the comprehensive range it has.
• Superb supply partners with exclusivity
• Unique products
• High quality/value stock
• Gross profit margins- typically 80-100% mark up!
• Historical market presence with brand development opportunities
• Broad product range
• Truly scalable business model
• Loyal customer base
• Relocatable with low overheads
• Positive cash flow
As well as the above the business could develop a strategic sales and marketing campaign to develop the company itself and its brand name. It currently does no significant advertising.Further promotion to the Bar and Restaurant sector and Contract Interiors market would be key to this.
The buyer of this business will also acquire a unique collection of old posters and advertising, ephemera, and other original artworks from the UK, Europe, USA, Australia and other such countries.
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.
Turnover for the last financial year circa £57,000 p.a.
Stock at cost circa £350,000.
Stock is high quality and can generate high profit margins.
The asking price is for 100% of the issued share capital of the business and is based on a debt free cash free scenario. It includes stock circa £350,000.
The business has a basic yet informative website supported by product catalogues and pricing.
The business has widespread opportunities for new growth and development, having been restrained over recent years due to the vendor neglecting it and choosing to spend less time within the business. Significant opportunities exist in terms of proactive sales and marketing, not least through e-commerce and social media.
The events marketplace represents a new growth area as does further development of the company’s connections with the contract interiors, furnishing and interior lighting industries.
The business currently has a basic website but further development of this to incorporate
e-commerce and utilisation of other sales platforms would have a huge impact on sales.
Majority of sales are trade/commercial but a new retail side could also generate new significant revenues and increase margins further. The vendor has “dabbled” on EBay and this and other major platforms are certainly avenues worthy of further exploration.
Integration into an existing e-Commerce operation would be straightforward.
The business is being sold as relocatable, hence there are no premises associated with the sale. It currently operates from premises owned by the vendor but these are not part of the sale. The vendor estimates the warehouse space required would be circa 6,000-8,000 square feet based on the current stock levels circa £350,000.
The vendor works in the business as required. However as already mentioned he has downsized the business over recent years and he is the only employee. He spends considerable time overseas now (4-5 months a year) so this has had a detrimental effect on recent sales.
The vendor will provide a comprehensive handover to ensure a seamless transition and continuity of trading, and would be happy to be available for a further period to ensure ongoing prosperity and maintain supplier relations. This should be relatively straight forward based on the current business model.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
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