Sports Merchandise Company
Business overview
– Opportunity to acquire a highly successful sports merchandise company.
– Based in the South East UK within easy reach of London and the motorway network.
– A highly profitable and cash generating business with a strong balance sheet.
– 10% year on year growth for the last 5 years despite the difficult economic climate with a target to achieve a turnover of £1.3m in 2014.
– Solid client base of corporates, sports clubs and sports associations.
– 80% of turnover is repeat sales to around 740 existing client accounts.
– Niche product range and well known brand in the sport merchandise market.
– Well run company with financial systems and second tier management in place.
– Significant potential to increase sales and profitability far beyond the annual 10% growth achieved to-date.
– 3 directors + 2 management + 5 sales/admin staff + 7 workshop/warehouse staff
– Leasehold premises in South East UK.
– Reason for sale: Retirement.
Financial overview
| Year ending 30th Nov |
2010 |
2011 |
2012 |
2013 |
2014 |
| Sales revenue |
£866,588 |
£990,479 |
£1,094,087 |
£1,193,060 |
£1,300,000 |
| Gross profit |
£370,275 |
£409,694 |
£444,703 |
£475,187 |
£520,000 |
|
Percentage |
43% |
41% |
41% |
40% |
40% |
| Adjusted EBITDA |
£221,991 |
£251,128 |
£270,249 |
£280,938 |
£310,000 |
|
Percentage |
26% |
25% |
25% |
24% |
24% |
– The adjusted EBITDA takes into account the replacement cost for the directors.