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EY034 -Internet Based Trading Company supplying Catering Equipment, Bar Equipment & Gifts

Asking Price: GBP 44000
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Business Location: United Kingdom » Others » West Midlands 
Category: Internet Business » Consumer Services
Description:
Internet Based Trading Company supplying Catering Equipment, Bar Equipment & Gifts to the Trade and for the Independent Home User
Confidentially offered for sale
Ref No: EY034
Location: West Midlands
Asking price: £44,000 plus stock at valuation (circa £28,000)
This truly established family business was set up back in 1979 and has been under the stewardship of the current owner 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 locally, and with two well established websites, one supplying the trade nationally together with the 'Cookshop' domestic market and the other site providing professional barware to the trade and to those setting up a bar at home who wish to emulate their local pub.
Catering Equipment-The business distributes catering equipment at wholesale level to “Away from Home” outlets including hotels, restaurants, pubs, armed forces, nursing homes, manufacturers and schools etc. Because it is strongly internet based the business is able to serve customers locally, nationally and internationally and has a truly worldwide captive audience and client base. The business offers a traditional range of, in the main, products to meet the everyday requirements of the professional caterer.. The principle products includes crockery, cutlery, personalised menu covers, candle lamps, table linen, pots and pans, small equipment, knives, utensils, disposables and janitorial products etc.
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
111000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: na
Year Established: 1979
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 3
Reasons for selling:
Retirement sale. The owner’s wife who had been a working partner in the business died in 2008 after 2 years of serious illness. This coupled with the owner’s need to support her has resulted in the business not being expanded. The owner now wishes to retire but wants the business to be further developed with new ideas and further enhancements of the websites by blogging, Twitter etc. He is confident that there is the potential for real growth in the internet and local market.
Market competition and expansion:
The main promotion of the business is done via its own web pages. It also utilises local yellow pages and is listed on the Caterer Online Directory. There is huge scope to develop this function further. The bar section also has all products hosted on a major shopping directory.
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