Total of 18656 firms and businesses for sale today Thursday 25th April 2024
Sold. Import Management, Logistics, Purchasing & Confirming House
LISTING DETAILS
Firms For Sale ID:
34573
Vendor reference:
GI052
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£3,000,000
Turnover / revenue:
£5,400,000
Net profit / cashflow:
Undisclosed
Years established:
8
Trading hours:
Monday Friday: 9:00am 6:00pm
Number of employees:
10
Employees / staffing:
The business currently employs:
Managing Director (Vendor)
Operations Manager
Client Account Manager
Warehouse Manager
Business Development Manager
Freight Manager
Product Sourcing Managers and Inspectors x3 (China)
Management Accountant
OTHER DETAILS
Reason for selling:
The owner now wishes to pursue other business interests.
Support and training:
Support and training will be provided to ensure continuity of trading and a smooth transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from a 3 storey, recently refurbished office suite of circa 1,500 square feet, combined with facilities and storage it is situated above retail outlets on a very busy and well known City centre street, with easy access to main trunk roads such as the M4 motorway.
The lease on this premises runs for 8 years with 4 year rent reviews and annual rent of circa GBP 8,500 per annum.
The business also utilises a leased warehouse unit on a 3 year lease with 2 year rent reviews and pays circa GBP 12,500 rent per annum.
BUSINESS DESCRIPTION
Import Management, Logistics, Purchasing & Confirming House
Novel and profitable business model with exceptional growth prospects
Ref. GI052
Location : Bath / China
Asking Price : GBP 3,000,000
This successful purchasing and confirming business has been established for more than 8 years and has earned an excellent name & enviable reputation for its standards of both product quality and service. The business is developed from the vendors background in the industry and deep knowledge of the issues and problems inherent in managing the process of sourcing overseas manufacturing & supply, FX, import, logistics, holding and delivery.
Since its commencement of trading the vendor has found a willing client base for whom it is said that this management service was one that trade had been waiting for.
As the business has grown, new personnel and service products have been added to both extend the complete service offering and also ensure the efficient and professional standards of that service.
Each step in the growth of the company has been taken in response to the demand place of it by the industry customer base; in growth from existing customers, where confidence grows new and greater volume demand has grown and as larger potential customers have taken notice, so they have become a key part in the companys forecasts and the scale of the services that they are requiring.
The scale of this new business is significant and is currently expected to increase annual turnover to circa GBP 25,000,000 with a net margin of circa 35%.
This next phase of growth has challenged the resources of the vendor to a degree unplanned for, and so he has decided to seek a sale of the company to a buyer with the desire and the resource capability to not only meet the current level of demand but to also ensure the, as yet unknown, further growth demands which will certainly arise as this phase is provided for successfully.
Market / Competition / Non-Competition Agreements
The business has undertaken consistent ad words investment in Google search and this yields greater demand than the company can meet. The business also maintains a well designed and comprehensive website detailing the whole offering and its benefits.