Summary
- Asking price:
-
£1,200,000
- Sales revenue:
- £1,350,000
- Net profit:
- Available on request
- Years established:
- 1978
- Employees:
- The Chairman and current Owner is ultimately responsible for the day-to-day running of the business but has taken a backseat in recent times having appointed a Chief Executive Officer supported by a PA. A Relationship Manager, an Advertising Manager, a Circulation Manager, an Editor and an in-house Designer work on the magazines the business publishes. The business also employs a PR Officer, two other members of staff involved in Training capacities as well as a strong administrative team of five.
- Relocatable:
- This business can be relocated.
Business description
Established in 1978 this business is a leading trade body within its specialist sector representing the broad interests of almost 15,000 of its members throughout the UK. Providing specialist support to businesses and regularly consulted by all the relevant Government bodies in both the UK and Europe, this business works to represent its members’ interests with insurers, government departments and government agencies as well as offering business advice and career opportunities to its very loyal and growing membership base
Property information
- Property:
- Leasehold
- Lease terms:
- The business currently operates from very well suited office accommodation of approximately 3,000 square feet. Leased – the freehold of the property is owned by the current Owner of the business, rent is approximately £120,000 per annum.
- Location:
- The business currently operates from very well suited office accommodation of approximately 3,000 square feet. Leased – the freehold of the property is owned by the current Owner of the business, rent is approximately £120,000 per annum. The business could easily be relocated, however.
Other information
- Competition / Market:
- Enjoying a very high profile amongst its existing and potential membership, this business concentrates its marketing activity on very highly targeted recruitment and retention activities. A large proportion of its expenditure is dedicated to membership information however with two major publications of its own to communicate via – both of which generate significant advertising revenues – actual levels of expenditure in this area are relatively light.
The business also has a very well designed, easy to navigate website that performs very well in all of the major search engines for all appropriate search topics. All encompassing and updated on a daily basis, the site includes full details of membership, features and news and an online shop.
The business also operates a highly effective ‘Member get Member’ scheme, testimony to the excellent reputation the business enjoys amongst its membership.
- Support & training:
- The current Owner is happy to assist with all necessary hand over and the training to ensure a smooth transfer of the business to new Owners.
- Reasons for selling:
- This is a genuine retirement sale.
Contact the seller
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