Business Summary:
Business Profile:The company was originally founded in 1985 to provide copy & print services to local businesses.Over time the business has become one of the most diverse copy/print shops in the UK. The business is well structured with an excellent and consistent trading history and repeat client base showing continuous profit. The owners have been running the company from their premises based in Kent which accommodates not only the state of the art print and copy equipment but also a hugely successful retail shop selling print and stationary related products.There are 5 members of staff employed across the business.The business is well established, profitable and has enormous potential to grow further. According to startups.co.uk the copy shop sector is worth in excess of £1 billion in the UK and is still set to grow.This business provides a highly competitive portfolio of copy and print services and has succeeded by remaining timely in adapting to the shifting technological demands of this industry.Services include:Kodak Self Serice Kiosks: State of the art printing while the customer waitsWide Format: Large format poster machines for lightfast internal or external posters, stickers and photo printsDigital Printing: Same or next day colour print that’s flexible at a price to suit any budget. Small-high volume runs at high qualitySigns & Display: From shop display to exhibition stands, produced in-house and using eco-friendly materialsGift Printing: Canvas prints, T-Shirts, Mugs, Mouse Mats, Christmas and Celebration giftsClients:The business has a large and loyal client base ranging from multi national companies to local businesses and high street retail customers. There are typically over 500 customers per week. Technology:All necessary equipment is in place required to run a successful digital copy, print & display business; a full inventory of equipment is available to all genuinely interested parties.There is an operational website with huge potential to expand and promote a greater online presence for clients.Key Strengths:With many years of experience in the business, the owners take pride in the reputation it has established, placing it above much of the competition and gaining plenty of referral work by word of mouth. The business is sited prominently and is well appointed, offering a welcoming and professional environment for clients to discuss their needs.The business has a comprehensive portfolio of assets for in-house digital print, signage, finishing and packing. The digital print and signage market is predicted to at least double in the next 7 years, whereas litho is in decline. This is a transfer of production from old to new technology. The business employs 5 fully trained staff, with an average age of 30yrs experience. Growth and Expansion:Digital print is forecast to double its market in the coming years and this business is well positioned to take maximum advantage of this trend.There are multiple further income streams that could be developed including passport photos, corporate clothing (equipment already in situ), increasing stationery stocks and new photo products as well as shop signage and printed wallpapers.The online presence and ability to commercialise a number of products offers great potential to increase revenue.Advertising:The business engages in local press advertising & social media and has a comprehensive and attractive website, detailing its services and has profited from strong word of mouth referrals and recommendations. Further business could be generated by a clear social media campaign with a range of SEO and PPC advertising.Employees:The vendor is supported by 4 full time staff including:1 Sales Manager1 Production Manager1 Finishing operative 1 Retail assistantBusiness Hours:Monday to Friday: 8:00am – 5:30pmSaturday: 8:00am – 1:00pmSunday: ClosedPremises:The business operates from prominent and well accessed premises in Kent. A 5 year lease is available.Car parking is on site.Full details available.Financial Information: 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. The business has achieved a history of excellent turnover and profits consistently over 5 years. Turnover to 31st July 2021 £337,218 p.a.Gross profit circa £262,695 p.a.Adjusted EBITDA circa £85,000 p.a.The Asking Price of £195,000 includes net assets and is for 100% of the issued capital of the company (calculated on a zero cash-zero debt basis). A complete asset list is available. A complete asset list is available. There will be a £ for £ adjustment to the final sale price to reflect any movement at completion away from the £53,000 net asset figure.Reason for Sale:This is a retirement sale.Support and Training:The existing directors and shareholders will provide full support and training to any purchaser.
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