Businesses for Sale

Furniture Importer / E-tailer


Furniture Importer/E-tailer

 

Robson Kay are instructed to seek offers for the total business assets of a furniture e-tailer based in the North of England.

The company imported budget upholstered furniture from Eastern Europe, which was then sold online through an Amazon account, eBay account and the company’s own website.

The Amazon account has historically accounted for approximately two thirds of income however, the account has been shut down by Amazon following high levels of customer returns, as a result of prolonged quality control issues.  Overall turnover has therefore dropped from very approximately £3m per annum to less than £1.5m per annum.

The company operate from two leasehold warehouse premises, with combined rent amounting to approximately £12,000 per month being payable across the two sites.

The company’s assets consist of: -

a)      Stock (primarily upholstery) with an estimated cost price of approximately £50,000, including a quantity of returns.

b)      Pallet racking, forklift trucks and minor other industrial assets.

c)      A small quantity of office furniture and IT equipment.

d)      A Jeep vehicle.

e)      IPR and goodwill including the company’s own website and their eBay account (the Amazon account effectively being non-saleable).

The company has most pressing cash flow issues, which mean indicative offers must be received no later than close of business tomorrow, Friday, 3rd August 2018, in order to hopefully complete a sale very early next week, simultaneously with the company entering into administration.

The buyer will be able to enter into a licence/s to occupy one or both premises, or alternatively, will have a limited period to uplift the stock to alternate premises.

 

The guide price for offers is £60,000.

 

Interested parties should contact Jonathan Kay by way of email at jonathan@robsonkay.co.uk


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