Business Summary:
Internet Based Trading Company supplying Catering Equipment, Bar Equipment & Gifts to the Trade and for the Independant Home User
Confidentially offered for sale
Ref No: EY034
Location: West Midlands
Asking price: £85,000 plus stock at valuation
This truly established business was set up back in 1979 and has been under the stewardship of the current owners since 1988. It has been developed steadily in line with the market it serves and has taken full advantage of the benefits that the internet offers. The business has two sides to it: namely the supply and distribution of professional catering equipment to the trade, also via the internet to the 'Cookshop' domestic market, plus the sale of professional barware to the trade and for the home. Because of this the business operates two separate well established websites to serve each sector
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| Year
Business was Established: 1979 |
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| Facilities / Terms of Lease:
The business operates from 2 adjacent industrial units on a high profile industrial estate in the town. The premises provide circa 1700 square feet of space in total and comprise trade counter, small offices and storage with good quality racking. The units are connected by a walk through door. One unit houses the bar equipment and the other the catering products and main office. The premises are leased from the local council. There is one year remaining on the current 3 year part repairing lease. Annual rent is £7150 p.a. Rates are £3,600 p.a. |
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| Potential
Growth/Expansion:
The business has huge scope for growth and expansion. With a historical database of over 12,000 customers worldwide this business has a truly global market to serve. New products and further internet expansion would support further growth as would the possibility of a retail operation to support the websites. The business would also benefit from a new injection of energy and some fresh initiatives to ensure continuity and expansion. Local delivered trade can be further developed |
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| Competition:
The main promotion of the business is done via its own web pages. It also utilises local yellow pages and is listed on the Caterer Online Directory. There is huge scope to develop this function further. |
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| Owner
willing to train:
The owners will provide full business familiarisation, training and handover and is offering the business as a going concern with further significant growth potential. |
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| Reason for selling:
Retirement sale. The current owners recognise the potential the business has to offer. They believe the operation would be best served and thrive with a new injection of energy and business acumen. |
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Seller Reference Number: EY034
BusinessMart.com Listing Number: 28833 |
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