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High End Audio Equipment Manufacturer For Sale

Kent, UK
Asking Price:
£199,999
Turnover:
Available on request
Net Profit:
Available on request

CoGoGo welcomes to the market a UK based high end audio equipment manufacturer that operates online.

The business was founded by the current owner over 10 years ago when he identified a gap in the market and has been a real labour of love for him.

It has now come to the open market due to our clients desire for a change of direction.

The business currently offers two products from its K1 series. Both products are crafted in the UK as a result of over 3 year’s research, development and engineering refinement. A high percentage of internal components are sourced from the UK and Europe. The business also has 2 other products that are ready for launch.

Supported by a 5 year warranty and an exclusive retailer network, the business plans to introduce many more products to join.

The business currently has a retail network of retailers selling its products. This is expanding all the time, with further to be added this month.

The sale will include the company website and social media platforms and the business enjoys good visibility online.

Key selling points -

The business has a sales agent in the north and south.
A well established business with an enviable reputation
A retailer network is in place
Current owner happy to offer a handover to ensure the continued success
A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit due to other work commitments

Scope for further growth -

Update the existing website and add an e-commerce facility for online orders
Increase advertising and marketing
Maximise the use of social media

Financial Profile

Further financials can be made available upon request.

Property Information

Location:

This audio equipment manufacturer is based in the UK.

Premises Details:

N/A

Business Operation

Trading hours:

Due to the nature of the business, it operates all year round.

Employees:
We are advised that our client deals with the management of the business. All R&D, build, testing etc is all handled by sub contractors.

Other Information

Relocatable:
This business can be relocated.