INDUSTRY

Amusement & Recreation

BUSINESS SUMMARY

Orchestral Musical Instrument Supplier Confidentially offered for sale Ref No: IO018 Location:South West Asking Price £1,900,000 Asking price includes: Turn over £2,700,000, Adjusted profits circa £400,000. This unique business was established by its present director in 1994. It specialises in the supply of orchestral musical instruments to the retail market and also the wholesale requirements of over thirty educational authorities. This alone accounts for sixty five precent of its overall turnover. It has shown consistant organic growth year on year and has established an enviable reputation as the foremost supplier and repairer of all instruments. In the last financial year it supplied over eight thousand instruments.Its commercial strength has allowed the business to hold the broadest possible range of instruments to satisfy the tastes and budgets of its loyal customer base. As such ninety per cent of vistors buy as a result of their visit.

	BUSINESS FINANCIALS
Asking Price: £1,900,000
	GENERAL COMPANY INFORMATION
Organization Structure: Headquarters/Main Location: Home Based Time on lease/mortgage: N/A Is Business Relocatable? No
	MARKET OUTLOOK/COMPETITION
The company does have a fully optimised web site that accounts for roughly ten percent of the revenue. The main marketing activity is carried out by the sales director.
	DETAILS ABOUT THE SALE
Support & Training A new shareholder will have the invaluable experience of the existing management team. Reason for Selling The Managing Director is the only shareholder in the business and he has decided to sell the business to allow him to follow a broad range of interests and pursuits. He anticipates that the existing management team will form an integral part of the ongoing success of the business. Is Management Willing to Stay? No Are You An Intermediary? No