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Business For Sale. Wholesale Distribution Of Giftware For The Retail Tourism Industry

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The two owners are responsible for the day to day operation of the business.

Reason for selling:
The owner believes the business now needs a new injection of capital, energy and business acumen to maximise the many, many opportunities the business offers. We are advised the vendor would be happy to continue to work in the business for a guaranteed job/salary.
Support and training:
The owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner, subject to negotiation.
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Wholesale Distribution of Giftware for the Retail Tourism Industry
Ref. AE055
Location : Dublin Relocatable
Asking Price : GBP 150,000
Established in 1991, this family run business is quite unique in that it is a truly independent wholesale supplier of general giftware to the retail trade, targeting and distributing to the tourist market across Ireland. Product lines are all high quality and include nautical giftware, fossil and gemstone products, standard souvenir products, home interior d├ęcor, personalised fridge magnets and much more. The diversity of the product range ensures sales to the home tourist, UK tourist and the international visitor. A percentage of the trade is also to the non tourist, domestic market.

The business proudly boasts a product range offering one of the largest selections of souvenir products that can also be personalised to customers requirements.

The business has a loyal following and limited competition, supplying to independent retail outlets, visitor centres and tourist attractions. 90% of sales go to exisiting credit customers.

Although all the products originate in the Far East, the business actually purchases from UK wholesalers. This is done on a credit arrangement, which is a definate advantage and allows the business to practically buy to order. Similar businesses often pay upfront fees purchasing their goods directly from the Far East.

The business has a good market outlook. A new owner with sound management experience, impetus and energy and could introduce a wider range of products to drive the business forward, thus exploiting the many new business opportunities available.

Expansion Potential
The company no longer has a web presence, however this could soon be re-developed to increase brand awareness and market exposure. It would be an ideal platform to broaden the product range for an additional market share and could also be used to develop its own retail division to the general public.

Additional growth could be fuelled via further development of the personalised product ranges and cross selling opportunities. The business provides an extensive range of personalised products and are about to extend this offering. Moving forward this should provide a considerable boost to turnover and profitability for the business. The personalised range offers a non labour intensive, cost effective volume business that is pre sold, with no stock exposure. There is also potential to add to profits by expanding the geographical coverage and additional products that are not tourist related.