Timing Products Importer, Assembler and Distributor For Sale

Reference Number: HHJ289

Location: London

Turnover: £847K

Status: Offers Invited

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Click to download Non Disclosure Agreement

Business Summary

  • London based company specialising in the import, assembly and distribution of clocks, clock systems and timing devices.
  • The company is a long established privately owned and managed company that offers products that provide long term value.
  • The wide range of clocks come in a variety of sizes, designs and movement types and are supplied to many market areas, including offices, schools and colleges, banks, factories and warehouses, hospitals, sports halls and swimming pools.
  • The company has a long standing and experienced team who can manage operations on a day to day basis.
  • The company has a diverse and loyal customer base, servicing the majority of customers for over 20 years, and several for over 30 years.
  • The company has a well-established relationship with their main supplier and have been working with them for over 27 years.
  • The company turnover to March ‘17 was £834k with an adjusted EBITDA of £37k (5%).
  • The sale of the business offers an outstanding opportunity for any time piece maker, clock retailer or wholesaler. This could also be a great opportunity for any business looking to diversify into the clock making industry or anyone who is looking to set up in business.

Products and Services

Supply and design of:

  • Clocks
  • Stopwatches
  • Stopclocks
  • Timing devices
  • Thermometers
  • Compass
  • Tally Counter

Employees

  • 1x Managing Director (co-owner)
  • 1x part-time General Manager
  • 1x part-time Accounts Manager
  • 2x full time managers (Business development and Warehouse)
  • 6x part-time Warehouse Assistants, sales admin and clock assemblers

Premises

  • The Company’s Head Office is in London
  • The office is c.1800 sq. ft. with 5 work stations
  • The warehouse space is c. 5000 sq. ft.
  • Rent £50,000 per annum

Reason for sale

  • The vendors are looking to retire.

Financial overview

Year ending 31st March20142015201620172018 (Forecast)
Sales revenue£968,360£881,097£893,091£834,594£847,425
Gross profit£464,754£439,729£459,955£360,805£406,764
Percentage48%50%52%43%48%
Adjusted EBITDA£84,097£77,155£95,752£37,569£79,386
Percentage9%9%11%5%9%
  • Adjusted EBITDA is stated having accounted for directors’ remuneration and their replacement cost.
Offers invited

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