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Other Searches: IT & Internet & Computing For Sale > IT & Internet & Computing For Sale > West Midlands > IT & Internet & Computing For Sale in West Midlands > IT & Internet & Computing For Sale in West Midlands

63 Advert ID 12652   Sellers Ref : EY034
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Internet Based Trading Company supplying Catering Equipment, Bar Equipment & Gifts to the Trade and for the Independant Home User For Sale

Businesses for sale from Turner Butler Business Brokers
Business Summary:


* Location : West Midlands

* Leasehold Price : £ 85,000

Agent :  Turner Butler Business Brokers


 

Description : Internet Based Trading Company supplying Catering Equipment, Bar Equipment & Gifts to the Trade and for the Independant Home User
Confidentially offered for sale
Ref No: EY034
Location: West Midlands
Asking price: £85,000 plus stock at valuation
Current turnover £165,000* per annum
Gross Profits £55,000
This truly established business was set up back in 1979 and has been under the stewardship of the current owners since 1988. It has been developed steadily in line with the market it serves and has taken full advantage of the benefits that the internet offers. The business has two sides to it: namely the supply and distribution of professional catering equipment to the trade, also via the internet to the 'Cookshop' domestic market, plus the sale of professional barware to the trade and for the home. Because of this the business operates two separate well established websites to serve each sector.
   
Staffing : The business is run by the owners on a full time basis. The vendor looks after the day to day operations whilst his wife is the website administrator. In addition to this the business employs an accounts/invoice clerk on 25 hours and a packer/driver working 20 hours per week.
   
Tenure : The business operates from 2 adjacent industrial units on a high profile industrial estate in the town. The premises provide circa 1700 square feet of space in total and comprise trade counter, small offices and storage with good quality racking. The units are connected by a walk through door. One unit houses the bar equipment and the other the catering products and main office. The premises are leased from the local council. There is one year remaining on the current 3 year part repairing lease. Annual rent is £7150 p.a. Rates are £3,600 p.a.


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