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8760DE DERBYSHIRE L\H SUPPLIER OF HAIR & BEAUTY PRODUCTS

Asking Price: GBP 275000
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Business Location: United Kingdom » Derbyshire » DERBYSHIRE 
Category: Retail » Health & Beauty
Description:
THE BUSINESS
Advent Business Sales is delighted to have
been instructed to offer to the market this
outstanding, extremely well established and
profitable supplier of professional hair and
beauty products.
The business, which was founded over 30
years ago, has been in the careful hand of the
current vendors for over 3 years and is only
now being reluctantly offered for sale as
they are unable to give it their full attention
due to the extreme pressures of their other
businesses.
Our clients have their own branded products
which they supply to wholesalers nationally
with many items not available from any
other source. They include:
? Cosmetic pads
? Hairdressing foils
? Cotton wool pads
? First aid kits
Our clients are prepared to work with a new
purchaser for a period of time to ensure a
smooth hand over, introduction to existing
customers and to help with the many new
products which are currently being
developed.
The business, which is managed on a part
time basis by our two vendors, also has a
part time account manager who works
approximately 1 day per week and has 4 self
employed agents with a further 2 being
appointed shortly.
They currently achieve annual sales of
approximately £289,000 + gross profits of
approximately £121,000. However, with
the new products coming on stream, these
figures could quite easily double in a very
short period of time.
The business is totally re-locatable and
requires only a single office provided external
warehouse facilities are available, it is
envisaged that approximately 2000 sq ft
would be sufficient for present needs.
This is a low overhead and high profit
business and would be an excellent
investment for an enthusiastic and
committed individual or as a ‘bolt on’ for an
existing operator.
We are advised that stock at cost is in the
region of £45,000.
 
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Financial Information:  
Annual gross sales: (GBP) 285000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2005
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 1PT
No of trading hours: Mon – Fri: 9.00am - 5.00pm
Reasons for selling:
now being reluctantly offered for sale as they are unable to give it their full attention due to the extreme pressures of their other businesses.
Market competition and expansion:
Our client clearly has a very successful business and has many exciting developments on the horizon, many of which a new purchaser will reap the rewards, namely: 1. Developing a new range of shampoo’s, conditioners and furniture 2. Approach customers within the pharmacy industry, he is aware that potentially turnover could double from just one customer 3. Only currently deals with 3 out of 8 major wholesalers, the others he feels, are sure to be interested 4. Resource some of the products to cheaper suppliers in China or India 5. Further development of a retail carton display with refills provided by the local wholesaler 6. Further development of the brand name. This is a business, which is expanding rapidly and has huge potential for the future, the first person who truly appreciates what is on offer, I am sure will want to take it on.
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