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Sun, May 31 2020 04:27:10 PM  |  /

Distributor of Professional Audio and D J Equipment

Business Id:000261     |    Reference: AD023
Leasehold Price:
£540,000.00
Business Description

Distributor of Professional Audio and D J Equipment
Ref. AD023
Location : North London
Asking Price : £540,000

From the outset the business has focused on its reputation for delivering all types of equipment, including hard to find and discontinued items. Alongside the major OEM electrical companies, and the high-end niche manufactures, the business stocks from a wide range of suppliers across the industry. As such they have developed a true one-stop shop for the AV installer, Professional D.J., and Nightclub / bar looking to source and implement the best equipment in the market.

The business has won a number of exclusive sub-distribution agreements with niche high-end manufactures for U.K. and Eire. Also with the amount of trade the business is capable of, they are continually offered “Direct Dealership” opportunities with major brands such as Sony, Panasonic and Pioneer. Should the retail operation be expanded, this can easily be capitalized on.

Equipment:

The office handles orders 24 hours per day via telephone and internet ordering, and can accommodate all credit card payments.

High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business. The business prides itself on attention to detail for orders of all sizes, from major shipments to the continent, to one-off orders in private individuals. With such a wide range of products available, all equipment needed for a project can be purchased from one site, with one shipment cost. This appeals to the small Audio Visual fitter, Professional D.J. and private individual.

The business is now established as one of the market leaders in the industry, and the only distributor in the market with such a range available. With the knowledge and ability to source hard to find items, the company receives regular requests from other distributors and competitive partners to source equipment. The company has strong relations with wholesalers and distributors through-out the U.K. and Europe. As one of the largest importer / exporter of AV equipment they are a preferred supplier for household name electrical and electronic manufactures. From such a stable footing, the business has consistent sales turnover from which to expand in a number of directions.

The business is primed for expansion. The current building can accommodate a retail operation, which the vendor has declined to expand. Also with the preferred status of key manufactures, there is the opportunity to open a direct dealership for the likes of Sony, Panasonic or Pioneer. With specific further marketing to drive private individuals to the website, the internet retailing operation could be greatly expanded.

Financial profile:

Turnover is on target to achieve circa £1,000,000 for this current year with a Gross Profit Guideline £200,000.

The Asking Price of £540,000 is for 100% of the issued capital of the company, assuming a neutral balance sheet (calculated on a zero cash-zero debt basis). This Net Asset position includes all the plant and equipment.

The business has maintained a constant presence in the marketplace over the years, with regular stands at U.K. and German exhibitions. They provide promotional material with every order delivered, and take regular advertising in trade magazines. The customer database is comprehensive and allows for both traditional mail, and e-mail shots to existing clients and registered users.

The business operates from Freehold premises owned by the vendor . A lease can be discussed if required or alternatively the vendor owns the freehold of the premises, which could be made available under separate negotiation. The business could also be relocated.

The business employs the vendor as Managing Director of the company, who is currently responsible for all export sales. In support is 1 full-time employee, who assists in all aspects of the business operation.

The owner would be happy to help with a smooth transfer of  company ownership  and to stay on for an agreed period, subject to negotiation, to help the new owners, if so required.

After many years in the trade building a successful business, the vendor is looking to hand-over the company on an upward trajectory to someone who can take things to the next level. He is looking to enjoy a great work / life balance and pursue other business interests.

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

 

Business Information
Turnover:£1,000,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: Yes
Business Sector: Other Distribution companies, Entertainment & Leisure Franchises, Music Shops
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