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Highly Profitable Online & Mail Order based Cash Register/Tills/EPOS Systems Supplier

Ref. CG080

Location : Relocatable

Asking Price : £375,000

Turnover : £900,000

Net Profit : Undeclared

Gross Profit : £200,000

EBITDA : £150,000

Net Asset : Undeclared

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

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Asking Price: OIRO £375,000 plus stock at valuation

Asking price includes:

Typical Turnover circa £900,000+ p.a.
Gross Profits typically circa £200,000 p.a.
Average EBITDA (pre director drawings) circa £150,000 p.a.
FCA Registered
Highly scalable business opportunity
Superb interactive e-commerce websites/portals
Huge historical customer base circa 60,000+
Nominated/approved suppliers to many public sector bodies
Impressive feedback figures (10,000+)
Market leading supply partners from UK and Overseas
Goodwill

Business Profile

This well established and highly respected business has been trading successfully for some 15 years and specialises in the supply of electronic cash registers, tills, EPOS systems and associated consumables to retail establishments, councils, public sector bodies and national companies covering the whole of the UK and to a lesser extent overseas. The majority of sales are online (circa 75%) with the remaining 25% coming via mail order.

Their client list is vast (in excess of 60,000 historical customers) and includes major retail outlets, breweries, pubs, clubs, restaurants, designer outlets, fast food outlets, hospitality venues and corner shops! The company is also an approved/nominated supplier to many public sector bodies. The business can cater for any sized sales outlet and as such offers a huge range of solutions at extremely competitive prices.

Whilst best known for its large range of electronic cash registers (ECR s) from global market leaders including the likes of Sharp and Casio, the company supplies complimentary products and consumables including till rolls, EPOS software and spare parts. The majority of items are available to be shipped ex stock.

The business has long established supply agreements in place to access all of the main brands within the market and this enables them to keep abreast of new technology as and when it is made available to ensure client’s current and future needs are maximised. It also has excellent buying power which enables the business to import direct and be highly competitive. It has taken the business many years for the business to develop and secure the highly valuable supply agreements it has in place and as such there are only a few other companies who are able to provide similar solutions.

The business is very service driven and as such is regarded very much at the top of the market for quality in terms of trusted brands, choice of solution, delivery, and always strives to satisfy the customers requests and needs.

The business prides itself on its speed of response and proactive sales and servicing approach ensuring it always carry adequate stock of mission critical items such as till rolls, rollers, ribbons, papers, labels etc. It is also on hand to give advice with regards to the more technical products it supplies and offers excellent support should any of its clients have a problem on site. It is also very proactive with regards advising of new and innovative products as and when they become available.

The company supplies its products both UK wide and worldwide. Sales are predominantly online through various key online selling channels, as well as via their own impressive e-commerce website.

The customer base is huge. The business has a strong online presence and successfully retails through its own website and also across 2 major online portals–feedback levels are very impressive and rising daily!
The company experiences very low return rates as a result of the quality of its merchandise.

This online and mail order business is totally portable and scaleable. Its customer base, and supply chain for that matter, has grown and strengthened year on year. It has relatively low fixed costs and is simple to run. Sales are strong and the busienss enjoys impressive levels of profitability.

The business model has been put in place. It is ripe for a new owner to utilise the superb and highly valuable positioning this company has developed, both online and in the market though its relationships with leading manufacturers and suppliers. The opportunity is there to either bolt on to an existing operation or for a new owner to scale up the business to maximise the many opportunities already at its disposal.

Equipment:

The business has invested in technology and has excellent e-commerce websites (both its own and via online portals). All equipment is included within the asking price.

Customer Service:

The business provides customers with a comprehensive level of customer service and this is evident in the excellent reviews it enjoys (tens of thousands). The impressive feedback scores speak for themselves!!

Its own websites are easy to use and provides customers with a huge range of products, advice, delivery details and a simple returns policy. It offers 12 months warranty on cash registers.

The sites are highly secure.

Key Strengths:

• Profitability
• FCA Registered
• Superb supply relationships. They are therefore able to provide competitive prices to customers at the same time generating strong margins
• NOT owner dependant
• Highly prized and extremely valuable feedback scores/listings
• Market presence with brand development opportunities
• Broad product range
• Truly scalable business model
• All year round sales
• Truly portable with low overheads
• Positive cash flow

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.

Typical Turnover circa £900,000+ p.a.
Average Adjusted EBITDA (pre director drawings) circa £150,000+ p.a.

Typical stock holding is circa £50,000.

Asking Price:

The asking price is for 100% of the issued share capital of the business and for the sake of valuation is based on a cash free debt free scenario.

Advertising:

The business is very much geared to online sales and marketing. As already mentioned the business’s own website enjoys very impressive organic rankings and feedback and also enjoys excellent exposure via other portals.

Growth and Expansion/Opportunities:

The business has expanded and enjoyed steady growth over recent years, however, it still
has widespread opportunities for further growth and development not least in the B2B market.

There is a vast range of additional complimentary product possibilities that would be superb additions to the business for increasing its online sales.

The brand and reputation has been forged. The company is ideally positioned for a new owner wishing to expand the business and take it through its next natural period of growth and increased profitability. There are many avenues to develop this.

Integration into an existing e-commerce operation would also be straightforward.

As well as the above the business could develop a more sophisticated online sales and marketing campaign to develop the company itself and its brand name. Further promotion and the development of an App may also represent new revenue opportunities.

EPOS is a significant area of growth, especially as the profit margins are high. Currently this is a small proportion of sales but recurring revenues are growing.

Premises:

There are no premises associated with the sale- the business is truly relocatable. Its clients are nationwide so it could be based anywhere within the UK with no impact on sales.

The current operation is run from offices/warehouse circa 1200 square feet. It also has a small showroom and additional storage area of circa 800 square feet which it utilises when placing larger stock orders to maximise profit margins.

Business Hours:

Websites: 24/7
Office: 08:30-16:30 Monday to Friday

Employees:

The business model has been developed in such a way that it is a very simple business to run. One of the owners works 4 days a week within the business. The other is very much part time.

The business occasionally utilises additional part time administration workers during busy periods.

It must be noted that the business is NOT dependant on the owners.

Support and Training:

Vendor will provide a comprehensive handover to ensure a seamless transition and continuity of trading, this should be relatively straight forward based on the current business model.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk