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IO018-South West-Orchestral Musical Instrument Supplier

Asking Price: GBP 1900000
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Business Location: United Kingdom » Relocatable » South West 
Category: Leisure » Recreation
Description:
Orchestral Musical Instrument Supplier
Confidentially offered for sale
Ref No: IO018
Location:South West

Asking Price £1,900,000

Asking price includes:
Turn over £2,700,000, Adjusted profits circa £400,000.
This unique business was established by its present director in 1994. It specialises in the supply of orchestral musical instruments to the retail market and also the wholesale requirements of over thirty educational authorities. This alone accounts for sixty five precent of its overall turnover. It has shown consistant organic growth year on year and has established an enviable reputation as the foremost supplier and repairer of all instruments. In the last financial year it supplied over eight thousand instruments.Its commercial strength has allowed the business to hold the broadest possible range of instruments to satisfy the tastes and budgets of its loyal customer base. As such ninety per cent of vistors buy as a result of their visit.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: no
Year Established: 1994
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 20
Reasons for selling:
The Managing Director is the only shareholder in the business and he has decided to sell the business to allow him to follow a broad range of interests and pursuits. He anticipates that the existing management team will form an integral part of the ongoing success of the business.
Market competition and expansion:
The company does have a fully optimised web site that accounts for roughly ten percent of the revenue. The main marketing activity is carried out by the sales director.
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