Retirement Sale of Litho and Digital Printing and Stationery Manufacturing Company
Ref : BFS1910
Location : Essex, England, United Kingdom
Asking Price : £500,000
Annual Turnover : £1,700,000
Gross profit : £1,300,000
Net profit : £110,000
Total Assets : £500,000
Premises : Leasehold
About the Company
The Business was established in 1980 as a partnership, incorporating as a limited company in 1986. All of the shares are owned outright by the current managing director who was the original founder of the company.
Predominantly work is produced directly for the end user and there is an element of trade work. The largest single client was responsible for 13% of the overall turnover in our last financial year, however, this is expected to decrease to an estimated 8% as a major customer of ours began using a facilities management company throughout the year and they in turn placed most of that work, together with additional work from their other clients, with us, resulting in 13% of our turnover, however, our original customer has now returned and is placing the work directly with us once more.
Most of the clients are of long standing and of a sound financial background which helps to the substantiate the fact that the record of bad debt over the entire history of the company is almost non existent.
The turnover is made up of approximately 49% litho printing, 35% Digital, (including personalisation), 13% Stationery manufacturing, with a small degree (less than 5% of specialised print finishing services) and some large format digital services that are outsourced.
The owner and vendor of the business spends, on average, less than 1 day per week physically at the premises, he has no direct involvement with any of the company’s clients.
This was a deliberate policy to ease the way of transferring the business to a new owner as and when the time was right.
All equipment utilised by the company is owned outright and there are no bank loans, outstanding hire purchase or leasing commitments on anything other than the lease on the premises.
Please contact us for more details.
The company occupies a flexible, leasehold industrial premises in a good location with easy road and rail links to London and the surrounding counties.
There is a good potential for the business to grow as there have been very few resources, over the past few years invested in acquiring new clients, nearly all new customers have been as a result of small local company acquisitions or from clients who have been referred to us by word of mouth or simply through general enquiries.
The company currently employs 23 staff and the day to day running of the business is handled primarily by a small number of senior staff.