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Fri, Apr 16 2021 02:25:09 PM  |  /

Online Retailer of Limited Portfolio of Special Interest Branded Footwear

Business Id:000484     |    Reference: AB243
Price:
£60,000.00
Business Description

Business Profile:

Extremely well established online footwear retailer specialising in a discrete portfolio of high added-value brands, one of which is very famous and is now “gated”; only access via businesses such as this is now possible. The business was established by the present owner in 2007 and has been a Limited Company since 2008.

The business has developed an enviable Ebay presence that results in a high degree of direct sales. Customers that begin their relationship with this retailer through its Ebay and Amazon accounts tend to become long term customers with the main retail site.

The real power and energy of the online shop comes from the quality and reputation of the Ebay and Amazon accounts, the nature and fame of the brand portfolio and the high levels of customer service and satisfaction they generate.

By virtue of the quality of relationship that this retailer has with key brands, it is offered Limited Editions, which increase in value over time, as they become rare and collectable.

Not surprisingly, the shop enjoys a good level of patronage – including many international customers on the company database; the store enjoys a high perecentage of repeat custom, empowered by the nature of the brands represented.

The target market for the online shop are a combination of special interest groups for whom key brands matter greatly. This cultural significance covers all age groups.

This opportunity is an ideal business for anyone looking to engage with or looking to acquire the more rare or very hard to find footwear brands. Alternatively, for someone already in the sector looking for a strong performing, additional outlet to bolt on to their existing business activities.

The business operates a “drop ship” stock and fulfilment methodology and is therefore very lean and manageable, requiring few staff. Some stock remains from previous stockholding method activities.

The business has taken advantage of the UK Governments recent Bounceback loan schem andf the vendor would like this liability to be considered in the sale.

Equipment:

The shop has all the equipment normally associated with a business operating in this sector and has full e-commerce capabilities.

Customer Service:

This online retail shop is renowned for its customer service, paying attention to customer’s requirements and offering a delivery service anywhere in the world.

Key Strengths:

  • Exceptional Ebay and Amazon ratings
  • Very rare brand portfolio
  • The breadth of brand choice in combination with the quality of service provided by the overall service, makes this online retail shop stand out among the many competitors
  • The shop is very well known among its special interest groups.
  • Favourable courier rates when required
  • The stock holding is various and retains its high value over time, often increasing in value
  • Lean “drop ship” fulfilment

Growth and Expansion:

The business has grown organically and with further marketing for both the shop and website could build on the existing excellent customer base.

Key Opportunities:

The business could:

  • Increase its brand and product portfolio
  • Go beyond footwear
  • Develop a stronger Retail Brand presence for the shop
  • Widen appeal to other special interest groups

Employees:

The vendor is ably supported by two key staff, equally responsible for stock management, picking, packing and customer service enquiries.

Advertising and Marketing:

Internet only.

Premises:

The premises are leasehold and leased on a flexible basis. The square footage is circa 1,100 sq. ft. and includes a stock room and office.

The rent is circa £6,000.

Business Hours:

Monday – Friday:         09:00 – 18:00

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £460,000 per annum

 Net Profit before tax circa £32,000

Stock (Trade value) circa £40,000

Reason for Sale:

The vendor wishes to follow other areas of business interest.

Support and Training:

Owner would be happy to stay and hand over for a negotiated period of time.

The owners are happy to provide training for an agreed handover period.

Asking Price:

Offers are invited for 100% of the ownership of the business on completion (calculated on a zero cash-zero debt basis). There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion

 
Business Information
Turnover: £4,600,000.00 Annually
Profit: £32,000.00 Annually
Is this business relocatable: No
Business Sector: Online Retailers
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: na
Key strengths: • Exceptional Ebay and Amazon ratings • Very rare brand portfolio • The breadth of brand choice in combination with the quality of service provided by the overall service, makes this online retail shop stand out among the many competitors • The shop is very well known among its special interest groups. • Favourable courier rates when required • The stock holding is various and retains its high value over time, often increasing in value • Lean “drop ship” fulfilment
Key Opportunities: The business could: • Increase its brand and product portfolio • Go beyond footwear • Develop a stronger Retail Brand presence for the shop • Widen appeal to other special interest groups
Financial performance: na
Asking Price: 60000
Advertising and Marketing: na
Growth and Expansion: na
Premises: The premises are leasehold and leased on a flexible basis. The square footage is circa 1,100 sq. ft. and includes a stock room and office. The rent is circa £6,000.
Business Hours: Monday – Friday: 09:00 – 18:00
Employees: The vendor is ably supported by two key staff, equally responsible for stock management, picking, packing and customer service enquiries.
Support and Training: Owner would be happy to stay and hand over for a negotiated period of time. The owners are happy to provide training for an agreed handover period.

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