IV033 - Online Supplier of Packaging Products to Trade & Retail

Asking price: ?180,000 + net assets Business highlights include: TURNOVER: c?300,000 (2021 accounts) GROSS PROFIT: c?118,000 EBITDA: c?65,000 Before Director?s drawings NET ASSETS c?25,000 Key Considerations ? Highly reputable company based in Hampshire ? Long term relationships among a wide variety of customers ? Comprehensive product stock portfolio ? Widely known for prompt and caring customer service ? Compact, owner-managed business ? Quality and immediacy of communications ? High levels of customer satisfaction and loyalty ? Excellent springboard for future growth Business Profile: The opportunity exists to acquire by way of a share purchase all of the issued capital in this supplier of packaging materials and accessories company (?the Business?). Located in the South England region, the Business is a successful and respected supplier for its customers and clients, many of which have been customers since the earliest days of trading. It operates in the commercial and industrial sectors varying from ice-makers to submarine manufacturing. The Business is a trusted and much relied upon Business and is considered a leader in the region, supplying its packaging products locally and nationally. It has built its name on superior customer service, top quality project delivery, and unwavering reliability, and all with little marketing or direct sales. The Business is well established, prudently managed and with an enviable client & customer list. It is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business? activities both geographically and in the scale of products supplied. The Business has shown itself to be robust during some trying economic times and is well placed to take advantage of its reputation for products & service combined with increasing levels of demand, so much so that the current owner believes that with new impetus the business could double its turnover in as little as 18 months. It is felt that current demand is challenging the resources of the Business and the sale of the Business to new owners with the capacity & managerial capability to cope with the demands of growth would yield much benefit. Key Opportunities: This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas, investment and energy levels will have every advantage of building on an excellent platform to take this business to its next level. The business maintains many satisfied customers, who appreciate the Business? superior products, attention to detail, value for money and service. There are many excellent avenues for growth, especially within the current operations and include greater capacity by investment in marketing and extending the reach of the company website. Employees: The Business employs the vendor only with some part time administrative assistance. Premises: The Business operates from modern premises with office facilities located near busy South Coast cities and offers easy access to all the main motorways and roadways throughout the area including the M3 and M27. The premises comprises two modern offices with a WC over small warehouse with WC. Manual roller shutter door. One has Air-conditioning. Reason for Sale: The vendor wishes to retire. The current owner would be available in a consultative capacity post completion, if desired. Financial Information: TURNOVER: c?300,000 (2021 accounts) GROSS PROFIT: c?118,000 EBITDA: c?65,000 Before Director?s drawings NET ASSETS c?25,000 The asking price is predicated on there being no cash and no debt at completion. 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. Asking Price: The Vendors are seeking offers for 100% of the issued capital of the company in the region of ?180,000 assuming net assets of ?25,000 on completion. There will be a ? for ? adjustment to the final sale price to reflect any movement away from the ?25,000 net asset position.

For more information on IV033 - Online Supplier of Packaging Products to Trade & Retail talk to Turner Butler Limited (Business Broker)