Business Summary:
Asking price: £60,000 + SAV + Excess cashBusiness highlights include:Turnover circa £460,000 per annumNet Profit before tax circa £32,000Stock (Trade value) circa £40,000Comprehensive website with full e-commerceDrop-shipCurrent “Bounce back Loan” “Hard to get” brand portfolioExceptional EBay & Amazon presenceSignificant GoodwillBusiness Profile:Extremely well established online footwear retailer specialising in a discrete portfolio of high added-value brands, one of which is very famous and is now “gated”; only access via businesses such as this is now possible. The business was established by the present owner in 2007 and has been a Limited Company since 2008. The business has developed an enviable Ebay presence that results in a high degree of direct sales. Customers that begin their relationship with this retailer through its Ebay and Amazon accounts tend to become long term customers with the main retail site. The real power and energy of the online shop comes from the quality and reputation of the Ebay and Amazon accounts, the nature and fame of the brand portfolio and the high levels of customer service and satisfaction they generate. By virtue of the quality of relationship that this retailer has with key brands, it is offered Limited Editions, which increase in value over time, as they become rare and collectable.Not surprisingly, the shop enjoys a good level of patronage – including many international customers on the company database; the store enjoys a high perecentage of repeat custom, empowered by the nature of the brands represented. The target market for the online shop are a combination of special interest groups for whom key brands matter greatly. This cultural significance covers all age groups.This opportunity is an ideal business for anyone looking to engage with or looking to acquire the more rare or very hard to find footwear brands. Alternatively, for someone already in the sector looking for a strong performing, additional outlet to bolt on to their existing business activities. The business operates a “drop ship” stock and fulfilment methodology and is therefore very lean and manageable, requiring few staff. Some stock remains from previous stockholding method activities.The business has taken advantage of the UK Governments recent Bounceback loan schem andf the vendor would like this liability to be considered in the sale.
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