Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Wholesale Distribution Of Giftware For The Retail Tourism Industry

LISTING DETAILS
Firms For Sale ID:
34912
Vendor reference:
AE055
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
€166,480  
Turnover / revenue:
€380,000
Net profit / cashflow:
Undisclosed
Years established:
1991
Employees / staffing:
The two owners are responsible for the day to day operation of the business.

OTHER DETAILS
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.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Wholesale Distribution of Giftware for the Retail Tourism Industry
Ref. AE055
Location : Dublin - Relocatable
Asking Price : Offers in the region 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 décor, 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 small 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 definite 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 could introduce a wider range of products to drive the business forward, thus exploiting the many new business opportunities available.

Expansion Potential
The company website requires updating and the skillets to maintain same. This would increase brand awareness and market exposure and of course be of benefit to the retailers.