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Exceptional Online Retailer for sale in Banbury, Bicester, Woodstock & Chipping Norton
Banbury, Bicester, Woodstock & Chipping Norton, Oxfordshire
Business overviewBusiness trading primarily on eBay, current listings value £540k, and via own online Industrial Auction Business. Stock comes from agreement we have with leading UK Industrial Distributor
During 4 years of trading I have built the business up to having a turnover of £177k (Net profit of £30k) in the last Financial Year (£166k previous year with £36k profit). We have an agreement with a major UK Industrial Distributor which allows us to buy their discontinued products at a percentage of their cost price, we then sell these items via eBay (over 1600 active listings with a total retail value of £540k and feedback of 99.7% over 5300 stars) with margins around 75-80%, via our own online auction site (margin nearer 40%) or via other auction houses / private sales - any buyer of this business will be creating turnover, and profit, from day 1.
The business is being sold as I cannot take it to the next step as I am working alone and do not wish to start employing staff, I have reached a point where I either sell or pull out of the agreement I have with my Supplier and concentrate on the stock I already have (book value of £129k but I have a realistic write off allowance) which is held in 4 large rented units across 2 different, local, sites.