Businesses for Sale

Asking Price: OIEO £5m including NAV

Turnover:  c£10 million

GP: c£3.4m

Adjusted EBITDA: c£1.157M

NAV: c£700,000

Key Considerations

• Top tier seller.
• Unique selling point.
• Excellent reputation and trading history.
• Well-known brand associated with high-quality products and service.
• A top ranked, ecommerce website.
• Outstanding SEO that drives considerable traffic to the site.
• Streamlined operations with a deep and trusted supply chain.
• Large, well-fitted and well-kept premises.
• Substantial, growing revenues and healthy profit margins.
• Numerous expansion opportunities.

The opportunity exists to acquire, by way of a share purchase, all of the issued capital in is this on-line fitness accessories (“the Business”).

The Business sells a variety of accessories for the fitness market through Amazon, ebay and its own website. In the financial year 2019-2020 the Business achieved a turnover of £6 million and is currently on track to do sales of £10 million in the current financial year.

Its products are sold across the whole of Europe and its unique selling proposition is driving its exponential sales growth.

Its brand is trade-marked and the vendors have invested and continue to invest heavily in its online presence.

The Business

The Business is based in the north of England but could easily be relocated and its stock-picking, shipping and warehouse functions could be out-sourced.

Key Considerations

• Top tier seller.
• Unique selling point.
• Excellent reputation and trading history.
• Well-known brand associated with high-quality products and service.
• A top ranked, ecommerce website.
• Outstanding SEO that drives considerable traffic to the site.
• Streamlined operations with a deep and trusted supply chain.
• Large, well-fitted and well-kept premises.
• Substantial, growing revenues and healthy profit margins.
• Numerous expansion opportunities.

Summary Results

In 2019-20 the Adjusted EBITDA, after allowing for a replacement M-D, was c£622,000. The expected Adjusted EBITDA for the current financial year is c£1,156,670.

Asking Price

OIEO £5m including NAV are invited for 100% of all the issued capital of the company.

Reasons for Sale

The vendors have taken the business are far as they can and are seeking new challenges, although they are prepared to continue to work for the buyer if required for a period of time.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

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   

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.

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Turner Butler
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