Online/internet Based Painting & Decorating Supply Company
commercial/trade/retail for Sale
Leasehold : £ 160,000
The business currently operates from ideal modern leasehold premises located on a well-known industrial estate on outskirts of the city. However as the majority of sales are internet based the business is truly relocatable. Its clients are nationwide so it could be based anywhere within the UK with minimal impact on sales.
The current operation is run from a warehouse with trade counter circa 1500 square feet.
Online/Internet based Painting & Decorating Supply Company
Location : South Yorkshire/Relocatable
Asking Price : £160,000
This young, dynamic yet highly respected online business specialises in the supply of painting and decorating supplies to customers within both the UK and overseas (circa 5% of current sales are shipped worldwide). The majority of sales are currently online (circa 85%) with the remaining 15% coming via the company’s trade counter or via the telephone.
The company stocks a huge range of decorating and painting supplies and consumables from many of the best known brands in the market and has supply agreements in place with leading paint companies. As part of this we are advised the business has recently secured an exciting new UK sole agency agreement from a European paint manufacturer that it expects to generate significant new revenues for the business moving forward. The vendor has been working on this opportunity for well over a year and has just put in place a network of high quality self-employed sales agents who will be selling the range across the UK from late 2017/early 2018.
Even though the company is relatively young it has built up an enviable customer base over a relatively small period of time by offering bespoke supply packages to larger commercial clients as well as cleverly targeting other clients via incentivised membership schemes, not to mention highly competitive pricing and exceptional levels of service. Their client list is vast (in excess of 30,000 historical customers) and includes major UK housebuilders, councils, education establishments/colleges and their students (a captive market), hospitals, contractors and retail/DIY clients alike.
The company is the preferred supplier to many public and private sector bodies and offers a huge range of solutions at extremely competitive prices. The majority of items are available to be shipped ex stock.
The business has established supply agreements in place to access all of the main brands within the market and this enables them to keep abreast of new products as and when they are made available to ensure client’s current and future needs are maximised. The vendor has many years’ experience in the sector and he has used this knowledge to develop and secure the highly valuable supply agreements it has in place today.
The business prides itself on its speed of response and proactive sales and servicing approach ensuring it always carry adequate stock of mission critical items such as sealants, adhesives, dust sheets, tapes, paints, brushes and rollers. It is also on hand to give advice with regards to the more technical products it supplies and offers excellent support should any of its clients have a problem on site. It is also very proactive with regards advising of new and innovative products as and when they become available.
The company supplies its products both UK wide and worldwide. Sales are predominantly online via their own impressive suite of e-commerce websites.
The customer base is huge. The business has a strong online presence and successfully retails through this media. It has a growing membership scheme, regular newsletters and utilises social media.
The company experiences very low return rates as a result of the quality of its merchandise.
This online business is totally portable and scaleable. Its customer base, and supply chain for that matter, has grown and strengthened year on year. It has relatively low fixed costs and is simple to run.
The business model has been put in place. It is ripe for a new owner to utilise the superb and highly valuable positioning this company has developed, both online and in the market through its relationships with leading manufacturers and suppliers, not to mention its highly prized customer base.. The opportunity is there to either bolt on to an existing operation or for a new owner to scale up the business to maximise the many opportunities already at its disposal.
Office: Monday to Friday
||The business model has been developed in such a way that it is a very simple business to run. The owner tends to operate strategically on the business. The business employs a full time general manager, a full time office manager and a full time warehouse/ trade counter operative. All staff can multi-task and would be happy to remain in the business.
The business has recently set up a network of 4 self-employed high calibre sales agents who will be selling the new paint range the company has just recently secured the UK sole selling rights for.
||We are advised it benefits from zero rates. Rent is circa £900 per month.