Business for sale

Business description

A superbly organised, thriving and hugely profitable Internet sales business, retailing a simply vast selection of household goods including virtually every kind and type of product utilised in and around the home, such as: electrical goods, garden, hardware, tools, jewellery etc etc.

The goods sold are all new, graded and ex-catalogue items, purchased in bulk quantity from a number of well-known suppliers, with the average stock holding in the region of £450,000.00. Because of the advantageous way in which the stock is purchased, our clients are able to retail the goods to the customer at very attractive prices, whilst maintaining extremely high profit margins and further benefiting from very quick turnaround of the majority of stock items.

Whilst the company benefits from it’s own E-Commerce website, the vast majority of sales are achieved via two of the most well-known and highly visited internet sales and auction websites, with links to the company’s own site.

The business is housed in extremely spacious warehouse premises, fitted out at a cost of circa £50,000.00 when the business was established by our clients in June 2006.

Our two clients choose to operate the business over very limited hours each week, and employ only two staff to deal with intake of stock and listing the stock items on the various websites. In addition, the company’s own e-commerce website is not marketed by our clients. These are just two areas of the business clearly demonstrating huge potential for further development by the enthusiastic new owners.

The business is now offered for sale by our clients due to their impending relocation abroad. We feel that the business is marketed at an incredibly realistic asking price, especially when considering the high annual net profits already achieved by the business, and the fact that the sale price includes all fixtures and fittings, and all of the stock - with a wholesale value of circa £450,000.00.

Premises: The business operates from well-positioned, extremely spacious warehouse premises of approx. 12,000 sq ft in total, briefly comprising: Large main goods storage area equipped with a huge range of very high quality shelving and racking; four offices- including stock Listing room- all equipped with networked terminals. The premises have a state of the art DVR CCTV security system, installed at a cost of £12,000.00.

Please Note: This was the business start-up period with 2.5 months not trading. Accurate accounts details will be made available once the business has been viewed. It is expected that the net profit figure will be significantly in excess of that quoted above.


GENERAL INFORMATION

Property: Leasehold

Lease terms
The premises are held on a renewable 6-monthly lease at an quarterly rent of £11,162.50 including VAT.

Location
The warehouse is situated in Rotherham an easily accessible industrial estate close to the M1 motorway, and major road networks with extensive parking on-site.

Financing available
If you need help or advice please contact us. Our in-house Finance Department specialises in arranging the funding of business purchases such as this.


Advert ref: 1475/GT