Business details

Business Profile:

This well established and highly respected business/brand has been trading successfully for some nine years and specialises in the online supply of power adapterd and chargers to UK and Europe. The sales are online retail with the majority sold through Amazon and ebay, the business trades from the owners home in Edinburgh.

Please be aware, we will not accept buy ins, or payments on future profits. The potential buyer must prove to have the finance to secure the entire business and stock at the handover date. We are based in Edinburgh, the buyer ideally would live locally or willing to travel to get the training required to run the business, Its not really possible to do the training remotely. The seller believes it's possible to train anyone with basic computer skills to run the business. The buyer will also need to show proof of finance and also sign a confidentiality agreement before anything but the most basic information is shared about the business.

The company has a library of over 7,000 different power supplies available and its memorable brand name is trade-marked. It is also trademarked within Amazons brand registry which gives it exclusivity with Amazon. The business holds around £60,000 cost price in stock at any one time, which will need to be to added on to the purchase price. The stock is all current and modern and constantly turning over, thre is no old or void stock, we do not have the space for old tired inventory.

This company/brand’s reputation is impeccable, they have a 99% positive feedbackrateonamazon.co.uk and three ebay accounts.

The business has a well-established supply agreement in place importing ce mark safety tested goods from china at very competitive prices. They have excellent seller performance metrics and extensive history of succesful time tested already customer reviewed products which rank well. The company has invested in various testing procedures to show constant due diligence to help ensure customer safety and UK compliance.

The company supplies its products both UK wide and some European sales. Sales are predominantly online through various key online selling channels, as well as via an e-commerce website.

This online business is totally portable and scalable. It has very low fixed costs and is simple to run. Sales are strong and the business enjoys impressive levels of profitability.

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. 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 other opportunities available.

The business has used Xero for a number of years and keeps all documentation online. The owner does not take phone calls, and works via email at times that suit himself. He operates the business in an efficient way, he picks and despatches the orders himself which takes on average two hours a day to pick and ship around 150-200 orders. This is a true lifestyle business, which fits in with his current preferred style of living. He has however not being pushing the business and maintaining rather than growing it. He feels a new owner should be found to begin growing the business and making changes to keep up with the latest trends etc.

All technology and equipment is included within the asking price.

Key Strengths:

· Very profitable, four marketplaced accounts
· Excellent reputation
· Highly prized and extremely valuable feedback scores/listings
· Market presence with further product development opportunities
· Broad product range
· Truly scalable business model
· All year round recession proof sale
· Truly portable with low overheads
· Positive cash flow

Growth and Expansion/Opportunities:

The business has expanded and enjoyed impressive profitability since inception however, it still has widespread opportunities for further growth and development. These opportunities include:

· Expanding product range.
. Using amazon FBA, so items will be listed higher on Amazon, a 20% increase is expected in turnover doing this whih the owner has experienced before.
· Selling in more countries.
· Selling on more marketplaces.
· Put marketing efforts into the website using PPC and Social media marketing campaigns.
· Bulk orders/Commercial sales

There is a vast range of additional complimentary product possibilities that would be superb additions to the business for increasing its online sales.

The brand and reputation has been forged. The company is ideally positioned for a new owner wishing to expand the business and take it through its next natural period of growth and increased profitability.

Employees:

The business model has been developed in such a way that it is a very simple business to run and the current owner works part time to run the business with no help required.

It must be noted that the business can be run by staff, and has been in the past.

Premises:

The business operates from the owner's premises in a log cabin which is 5m x 5m in size.

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. Turnover 2020-21 was around 500,000 with a Net Profit before tax of 135,000.2019-2020 was a turnover of around 400,000 with a Net profit of around 120,000. We have three years account available.

Support and Training:

Vendor will provide a comprehensive handover to ensure a seamless transition and continuity of trading; this should be relatively straightforward based on the current business model.