Business for Sale in England - SPECIALIST ONLINE WINE RETAILER - Business: £275,000

Key Information

Ref
M33347T
Type
Internet Based Businesses: Ecommerce/website Based Retail
Location
England
Tenure
Leasehold, Relocatable
Status
For Sale
Annual Sales
£647,000 Ex Vat
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This successful online wine retailer was established in 2003, specialising in high-quality boutique wines and aiming at the upper end of the market. It remains independently owned and has developed an excellent reputation winning a number of prestigious industry awards. Sales have grown steadily and the business has particularly gone from strength to strength since a website re-launch in 2015 with sales increasing by more than 55% in the last 3 years.

Accounts for the year ended 30th April 2018 show annual sales of £647,023. With favourable day to day overheads, this is a very profitable business, in particular if operated by working owners. There is also potential to amalgamate into an existing business which could significantly increase the level of profit.

Over the years, there has been a huge investment of time and effort in developing and refining the website and achieving a sophisticated, streamlined and robust e-commerce system. In fact, all the hard work has been done in terms of building the business, establishing the brand and putting all the necessary systems in place. New owners will certainly have the benefit of taking over a mature e-commerce business with a proven, tried and tested formula.

Currently, the business is owned and operated by a husband and wife team without the need for any additional staff. Their usual roles are general management of the business and updating/maintaining the website along with stock ordering, handling and dispatch. For new owners, we understand that no prior experience of the trade is necessary and the current owners will be pleased to assist during a handover period following the sale and will convey any specialist knowledge required.

The business still appears to have excellent potential for growth especially with increased marketing and promotional activity. Also, there is a “twin” website included in the sale which sells wines from around the world and, although currently in its infancy, this offers huge potential for future development. Currently, the entire business operates from leased storage/warehouse premises on a trading estate in West Sussex but it could be relocated anywhere in the UK.

Business Price £275,000

Full sales details available at www.emfgroup.com


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