ONLINE RETAILER OF ADULT PRODUCTS
Location : Relocatable
Asking Price : £495,000 plus SAV
Turnover : £1,090,000
Net Profit : £254,000
Gross Profit : £472,000
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Relocatable
Confidentially offered for sale
Sales (inc VAT) £1,090,000
Gross Profit: £472,000
Net Profit To New Owner: £254,000
Annual net profit to new owner as per filed 2018/19 accounts of £254,000
Premium domain name & website
15 years trading history
Unique product, some exclusive
Professionally managed Twitter account with 28,000 followers
Professionally managed Google Adwords account
Top Google organic listings
High average order value of £250+
All manufacturing and supplier contacts
Potential for Amazon and EBay retail sales, and wholesale of the 3 exclusive machines.
This online business sells high quality branded adult products to a large database of new and historic customers. Three top selling products are manufactured exclusively for the business by two reliable and long standing Chinese suppliers. A wide range of third party products are also sold, making up 300+ different items in total.
The current owner uses the services of a relative’s warehouse for a full picking, packing and despatch service at £2,000 per month + VAT. The owner processes all orders himself up to warehouse stage, so there are no direct employees.
The owner has a provisional agreement in place to move all stock to a fulfilment warehouse in December 2019. The fulfilment company operates software that links directly with the online website to auto process, pick, pack and despatch orders without any direct employee or staff involvement. The quoted cost of this service will be less than the current £2,000 per month paid for warehousing, packing and despatch.
A new owner would therefore have the option of operating the business him or herself without employing staff, with the owner’s involvement being only to deal with customer queries and to buy in stock.
Alternately if a new owner has their own warehouse available, the current pick, pack and despatch side of this business can be easily integrated.
The 66 year old current owner has developed serious health issues over the past two months that necessitates a sale.
The owner may be willing to finance a small part of the selling price at standard business loan interest rates, fully secured on the business and website assets.
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 firstname.lastname@example.orgTurner Butler Disclosure Statement
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