Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Specialist Manufacturer Of Magazine & Loose Leaf Binders
LISTING DETAILS
Firms For Sale ID:
29072
Vendor reference:
IZ025
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£350,000
Turnover / revenue:
£500,000
Net profit / cashflow:
£158,000
Years established:
80
Trading hours:
Monday- Thursday 0800-1630 , Friday 0800-1215
Number of employees:
12
OTHER DETAILS
Support and training:
The vendors are more than happy to provide a comprehensive handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from large manufacturing premises located in a mixed development area. The manufacturing site is large. The site is circa 0.66 Acres. Total building area is circa 11,500 square feet and comprises offices, manufacturing and storage. It is very secure and has Redcare type cover. The business owns the freehold but the vendor wants to retain and set up a suitable lease with the new owner, subject to negotiation.
Please note the asking price excludes the freehold property.
Rates are circa £12,000 p.a.
BUSINESS DESCRIPTION
Specialist Manufacturer of Magazine & Loose Leaf Binders
Ref.IZ025
Location North West
Asking Price £ 350,000
This highly respected and historical business has been manufacturing and supplying one of the largest range of magazine binders and loose leaf binders to customers for over 80 years, and in that time has established itself as a market leading supplier of high quality niche products to a global market.
The company is truly committed to providing its customers with one of the largest ranges of products in the market and this has helped it build an active customer base of some 1500 clients, several hundred of these being regular customers. Typical customers include magazine publishers, societies, assocations and the like. Majority of the clients are UK based but the company does ship some product overseas.
The company provides a complete turnkey operation from its fully equipped manufacturing site that enables it to produce both standard and bespoke binders in a variety of different sizes, materials and finishes. Current product range includes wirex binders, cordex binders (both flat and rounded spine), slip cases, ring binders, pvc welded products, box cases and presentation boxes, as well as associated accessories. All can be printed and laminated to meet the most demanding of customer specifications.
The company’s products are very well designed and produced using specialist plant and machinery. There is the infrastructure in place that allows it to offer relatively small production runs if need be, with quick response times and competitive pricing.
Expansion Potential
The company has a large production capability and could certainly accommodate a significant increase in business volumes within its current infrastructure. There are many avenues for growth available to this business not least the development of its European business volumes. The business does very little in the way of proactive sales and marketing and more activity in this area would increase revenues further as would more cross selling to expand the product range still further into merchandising, promotional work and even giftware markets.
Market / Competition / Non-Competition Agreements
The business has a range of product bulletins/flyers which it produces and sends out as required together with a huge range of samples. It does occasionally undertake some direct marketing but this could certainly be increased further in line with a strategic sales and marketing strategy. It also has an interactive website which allows customer to purchase online. Again this could benefit from further development as the website currently generates sales of just circa £25,000 p.a.