This Company has been trading for over 25 years and offers DIY products for the home and garden, together with novelty domestic items for the household. It supplies products that offer good value for money but that have high standards of quality whilst being practical and flexible.
The Company has had a successful track record, initially selling products to county and garden shows in the UK and then expanding this by selling their products over the counter worldwide at trade fairs and exhibitions. The Company progressed into selling their products on shopping TV channels across Europe, UK, Australia & America. This has proven to be a great success. There is potential for further significant growth and expansion with these and other shopping channels.
Direct Sales play a minor role within the Company but a redevelopment of the website along with opportunities with Amazon and Ebay could significantly increase these.
The relationship between the Company and their Far East agents and suppliers is long standing and very strong and new products are actively sourced.
There are two Directors who run this business plus a very experienced warehouse person who has been with the business for 10 years.
The warehouse is based in the Midlands and well placed strategically with good proximity to major road networks. There is the opportunity to take more space in the warehouse unit.
The owners are available to provide full time support over a short handover period (to be agreed), to offer training, if required. One of the directors is available to remain, on up to 50% fte, for at least the first 12 months.
The Guide Price for the business is £495k for the 100% of the shares on a debt free, cash free basis. The Balance Sheet NAV is expected to be in excess of £300k. Location: Midlands. Sales c.£1.4M