Corporate Gifts and Promotional Merchandise Company SOLD

Reference Number: HA0326

Location:

Turnover: £640k

Status: SOLD

Business overview

–      Outstanding opportunity to acquire a successful corporate gifts and promotional merchandise business, based in London.

–      Profitable and cash generating business despite the current economic climate.

–      Established in 1988, the business has a highly desirable client base, including a major plc, several well known hotel chains, agricultural equipment manufacturers, law and accountancy firms to highlight a few.

–      Key to success: They are service driven offering advice to clients on the most appropriate products for the clients’ marketing campaign or event.

–      The business works closely with marketing and events companies as well as printers and much of the sales is through word of mouth and referral.

–      Effective ordering and delivery systems and processes are in place which allows the business to be run with minimal staffing overhead.

–      With a ready made client list, this business presents an ideal opportunity for another corporate gifts company to acquire bolt-on revenue or indeed marketing, events or printing business that wish to diversify, and acquire a new revenue stream with little additional overhead.

–      The business also presents an opportunity for an individual buyer with a good knowledge of marketing to acquire a platform from which to grow their own business.

Products and Services

–      The business provides the full range of corporate gifts, promotional merchandise, awards and exhibition giveaways and is a member of a catalogue group.

–      Clients are offered experienced advice to select the most appropriate products for their marketing campaign or event.

–      For bulk orders, the business provides storage at their premises and will despatch on demand.

Employees:

–        1 director (vendor) + 2 full time staff + 1 part time admin assistant.

Premises:

–        The business operates from premises owned by the vendor.

–        The vendor is open to leasing the premises to a new owner.

–        Indicative rent: £15,000 per annum. Rates and water: £3,127

Reason for sale:

–        The vendor wishes to retire.

Financial overview

Year ending 31st Dec20062007200820092010
Forecast
Sales revenue£890,860£929,942£801,753£727,813£640,195
Gross profit£333,376£348,843£290,176£233,354£204,862
Percentage37%38%36%32%32%
Adjusted EBITDA£62,686£112,110£71,269£56,515£60,507
Percentage7%12%9%8%9%
SOLD

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