Well-Established Keyloop Business for Sale in Glasgow

Glasgow
REF: INT1857

Asking Price:
£150,000
Annual Turnover:
£108,042
Annual Net Profit:
£44,360
REF: INT1857
Photo of Well-Established Keyloop Business for Sale in Glasgow
Photo of Well-Established Keyloop Business for Sale in Glasgow
Photo of Well-Established Keyloop Business for Sale in Glasgow
Photo of Well-Established Keyloop Business for Sale in Glasgow

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business
  • Equipment Included

This is a unique opportunity to acquire a long-standing company, which produces plain and branded keyloops and has an ideal location in the West of Scotland.

The business was first established in 2014 and has operated successfully since its creation, whilst also gaining a loyal, repeat customer base and building up an excellent reputation for their high-quality keyloops.

The company produces keyloops, either plain or branded, and counts several large-name businesses as their clients, with plenty of reorders from existing customers.

Keyloops can be used as an ideal promotional product for many companies, as it is an effective way to get advertising messages across. Furthermore, this is the only company in the world that manufactures boxes of multicoloured loops for retail sale (in DIY/hardware/locksmith outlets).

The current owner has invested in top-quality equipment to ensure there is an efficient and low-cost production process. Due to this, the company’s products have very high-profit margins.

There is huge potential for further growth, as the company can easily increase production capacity. With all equipment included, this successful business would be perfect for a number of buyers, as the current owner can provide training and a handover period of up to 6-months.

The business has an ideal location near Glasgow and is based in spacious 1,200 sq ft premises. The property is on a small industrial estate and benefits from a low annual rent. The premises have a low roof and plenty of insulation, making it very energy efficient. There is a toilet, an office, and on-site parking.

The new owner could opt to relocate the business to any location in the UK, once the lease is up.

All equipment, worth approximately £60,000, is included in the sale, which means the new owner will be able to begin work immediately following the acquisition. Due to this high-quality machinery, the company has a low-cost and highly efficient production process. Much of the manufacturing machinery is purpose-built.

The current owner is happy to offer an initial transitional period of up to 6-months, in order to ensure there is a smooth and efficient business handover.

This business would be perfect for a number of buyers but may work especially well for someone with previous experience in plastic production or selling promotional items. However, the present owner is happy to offer training and a handover period of up to 6-months, therefore, the buyer could learn on the job.

There is huge potential for growth with this business, as currently, the company operates at around 20% capacity, creating 1,400 units per hour. Presently, they have machines running for 8-10 hours each week. The new owner could opt to increase production capacity.

Furthermore, this is the only production unit of keyloops in the world, making the company’s product unique. Brand awareness is still growing, with several new large-name and global companies now placing orders. There is scope for the new owner to continue this organic growth.

The company could also take a more proactive approach to marketing, by creating some social media pages and investing in paid advertising.

Features

Key Information

  • Products Manufactured: Accessories

Online Presence

Website: www.keyloops.com/

Location

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  • Close to Local Businesses
  • On-Site Car Parking
  • Limited Competition

Property

Annual Rent
£6,600
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Year)
2025
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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