Business Overview:
This highly desirable business has been trading since 1956. It is one of the major companies in the UK wholesaling toys, stationery, haberdashery and household goods with the additional benefit of a broad range of seasonal promotional toys and gifts.
All the major occasions are catered for throughout the calendar year, including Valentines Day, mothers Day, Easter, Simmer, Fathers Day Back to School, Early Bird, Halloween and Christmas. Items for each event are displayed in patented, color coordinated themed promotional stands that have proved to be extremely popular with retailers. The companies unique proposition is that by utilizing their own showroom, buyers from large retail multiples can pre-plan, develop and control all their seasonal promotions and day to day ranges. This supply strategy has been key to the success of the group.
Key strategic acquisitions and decisions were made in 1982 and 1985 when the group bought a local wholesaler of stationery and toys supplying independent retailers. They also had the additional benefit of having ‘cash and carry’ facilities.
The operation then established and import division, manufacturing and sourcing good in the Far East. They were able to use their purchasing power to drive down cost price and develop their own branding.
All art and design work is carried out in house for the packaging and brochure work.
This structure has enabled the business to add on a bulk supply company, which deals in carton quantities to wholesalers and direct depot facilities.
Growth has been consistent and sales revenues are expected to exceed £17,000,000 in 2009. This has been achieved by focusing their attentions on the multiple retail market from small groups of 10 stores to national groups with 1200 stores. On average the company supplies over 4000 retail stores across the UK with full distribution cover. At peak periods this figure can increase to circa 6,000 outlets.
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Property Features and Assets:
The business operates from various premises.
One leasehold warehouse (circa 36,000 square feet) is devoted to retail distribution with ‘picking and packing’ everyday orders and also houses the office facilities.
One leasehold warehouse (circa 46,000 square feet) is divided into four connected units dealing solely with the bulk carton supply and storage.
The freehold head office is circa 11,000 square feet and is divided into purpose built showrooms, which cover an area of approximately 4,000 square feet. A sales and marketing area is located on the ground floor, which covers approximately 6,000 square feet, plus there is also a repacking facility, which has direct links and communications with the warehousing facilities in China.
Reason for Selling:
managing director has decided to retire
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.