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Great Distribution Business for sale in Ipswich & Felixstowe
Ipswich & Felixstowe, Suffolk
Business overviewTickle Me Ltd is a Party Distribution business. We are the UK distributors for two party brands and supply John Lewis, Hobbycraft, Paperchase, Card Factory, WH Smith and many others.
Tickle Me Ltd was established in 2007. We distribute the following two brands to UK customers: 1) illoom balloons (light up balloons with over 30+ SKUs) 2) Party Genies (a range of wall-friendly, self-adhesive stickers for balloons, decorations and banners). Both suppliers are UK companies. illoom Balloons deliver stock to us in GBP to our UK warehouse. They work to a 12 to 16 week lead time. Party Genies delivers stock when required. We have distribution agreements in place with both suppliers. We supply the following ten major High Street retailers and online retailers: - John Lewis - Hobbycraft - Paperchase - Card Factory - WH Smith - Scribblers - Conran - Party Delights - Party Pieces - Party Packs. Stock to fulfil orders for the first six customers above is stored at UPS in Derby who pick and pack each order when we receive them. Stock to fulfil smaller orders from the bottom four customers is stored in our garage and picked/ packed when required. All orders are received via EDI or email. We performing the following task on a monthly basis: - Processing orders (including preparing labels for UPS) - Maintaining inventory/ purchase orders - Settling supplier invoices - Filing quarterly VAT returns - Preparing forecasts - Updating accounts including credit control (we use Sage 50) - Meeting and communicating with buyers. Opportunities - There are many other high street and online retailers that could be approached to stock our current lines. In addition, all the necessary infrastructure is in place to easily add further party brands to the range to significantly increase turnover and profit. I have added to the net profit figure above the salary we draw from the business. Conclusion/ Reason to Sell - Due to other commitments (I run four companies), I no longer have the time to run Tickle Me Ltd as the other businesses now require my full attention. Tickle Me Ltd is a very low maintenance operation and has significant scope for growth.
As the Managing Director, I am based from my office at home. Our salesperson is based at home in Wakefield and our accounts are managed by my wife.