Sold
Framing Business With An Enviable Reputation
North Yorkshire
- Asking Price: £400,000
-
Turnover:
The business generated an advised turnover of circa £368,000 as of the 2019 accounts.
Please quote reference B04645
- Tenure: Freehold
Please quote reference B04645
CoGoGo are pleased to bring to the market this well-established business which has amassed an enviable reputation over 13 years for its exceptional quality products and attentive customer service.
Since its inception in 2005, our clients have worked hard and successfully generated high annual turnover in excess of £368,000 last year, with healthy net profit margins.
This is an ideal platform and will appeal to an array of buyers. It could make an excellent bolt-on purchase for an existing business looking to grow their client base and product offering. It will also suit an entrepreneur/first time buyer/individual with retail experience looking to acquire a well-built business model.
There are several opportunities for growth. Refurbishing the current website to include a modern, interactive platform would appeal to more online users and it could implement better SEO to attract more customers.
Embracing more social media and actively advertising its products would also increase exposure to the business. Retailing its products on popular sites like eBay and Amazon would also present an additional stream of income.
The business could be developed further by opening another office in a different geographical location and franchising the business, this could be a feasible option. Our is willing to aid the transition to new management.
The business is a well operated, family run business which specializes in the sale of bespoke framing, presentation pieces, embroidered military cap badges, and civilian crests including the emergency services across the whole country, universities and much more. It offers an assortment of glassware, silverware and bronze products.
Competitively priced, its tailor-made presentation pieces have attracted heavy patronage and allowed the business to gain a loyal customer base. Trading consistently all year round, the business has catered for a variety of sectors and with no active marketing in place, has grown organically through word of mouth recommendations.
The business manages a user-friendly, e-commerce website which showcases its products and allows purchases to be made efficiently. It is also present on Facebook and Twitter, which aids advertising.
The business is run by our client with the help of 3 full-time and 4 part-time members of staff.
Monday 9.00 am – 5.00 pm
Tuesday 9.00 am – 5.00 pm
Wednesday 9.00 am – 5.00pm
Thursday 9.00 am – 5.00 pm
Friday 9.00 am – 5.00 pm
Saturday Closed
Sunday Closed
The business is located in North Yorkshire, and benefits from being in close proximity to a large military and civilian local population. Situated close to all major roads, the business has excellent rail and airport links.
With no local competition, the business caters for a nationwide customer base and has attracted heavy patronage over the years. It offers an excellent runway for additional growth.
The business functions from two adjoining buildings comprising a freehold two-story industrial unit and a leased property. There is a small porch entry to the sales office and reception area.
Internally, the premises are comprised of two workshops which are well equipped and fitted, allowing the business to complete orders for customers.
There are several work stations, a small goods lift and high-end computerized equipment.
There is a main customer gallery where stock is displayed in a variety of glass cabinets throughout the area.
To the rear of the premises, there are three large storage containers for the preparation of the final products.
Equipment-
• 2 x Doblor Vans 13 and 64 plate
• Flexy pin tools
• Glass cutter
• Large compressor
• Laptops
• Hot press
• Cold press
• 3 Under pinners
• Large guillotine
• Shrink wrap machine
Tenure
We are advised the business is being sold as a Freehold.
