Sports Merchandise Company

Reference Number: HEH026

Location: South East UK

Turnover: £1.3m

Status: SOLD

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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
(Forecast)

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.

SOLD

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