The company retails electric golf trolleys which have been developed as a cost-effective solution to customer requirements.
The business also offers a wide range of accessories and spare parts, operating as a one-stop outlet and generating reliable revenue streams.
An asset register worth £59k is included in the sale.
Our clients are now offering the company for sale to facilitate retirement plans. They are willing to deliver a suitable handover period.
Offers invited.
Key Highlights
• Works with international B2B customers and benefits from a continual stream of D2C sales through its optimised e-commerce platforms.
• Has established numerous long-standing relationships, some of which span over a decade.
• Versatile team in place which can effectively manage daily business operations with minimal input.
• Candidate available to fulfil some of the majority shareholder’s responsibilities.
• Operates from leasehold premises, though could be relocated.
• Scope for growth through further product development, geographic expansion and recruitment.
Financial Highlights
- YE22 turnover of £1.21m, with an adjusted EBITDA of c.£122k.
- YE23 management turnover of £1.23m, with the adjusted EBITDA increasing to £191k.
• Average gross profit margin of 38% since YE20.
• Shareholder funds demonstrating year-on-year growth, increasing by 365% over a three-year period.
• Strong order pipeline and base of prospective customers, including new, international distributors and high-street retailers. Upcoming ventures hold an estimated value of over £1m for YE24.
