Long-established Printing Company in Devon

Plympton, Plymouth
REF: S07746

Asking Price:
£1,000,000
Annual Turnover:
£501,280
Annual Net Profit:
£51,043
REF: S07746

Overview

Tenure:
Freehold
Established:
2012
  • Excellent reputation
  • Equipment included
  • Spacious premises
  • Friendly, professional team
  • Secure contracts in place

Recently brought to the market is a long-established printing company that consists of three separate divisions, all of which are based in Plymouth, Devon. The first division, Netprinters, is an online printing business which is operated from customer uploaded print-ready files. This model eliminates all time between the client and print business, consequently boosting capacity and convenience. This includes the printing of plans, posters, sewing patterns, as well as trade printing for smaller tasks. Catering to the sewing world is a particularly profitable niche in this industry, with 187 million worldwide sewers and only 20 known pattern printers around the globe, large growth potential. The second component of the business holds a contract with over 100 of 700 branches of a national kitchen supply company and is run by an Account Manager with a fixed price list. It expects growth due to the launch of its new website. Meanwhile, the third aspect of the printing company is a local division which conducts all other printing and signage functions. The company has an outstanding reputation and hundreds of 5* reviews due to its high-quality results, affordable pricing, and friendly and efficient customer service. Founded in 1977 before its establishment as a PLC in 2012, the company has 43 years of experience and has consequently gained many word-of-mouth referrals from other businesses, all of whom use Blackfriars as their only printers.

The printing company is currently operated from its expansive premises in Plymouth, Devon. The premises include a commercial unit that is valued at £300,000 and luxury flat worth £450,000. However, the buyer could ultimately operate the business from anywhere in the world, due to the two main divisions, where meeting the customer is not needed. The business has recently overhauled its web platforms to the highest of standards and has instilled an excellent level of international usability. In particular, the Netprinters website offers fantastic growth potential as it allows customers to efficiently upload their pre-prepared artwork and quickly submit their print requirements. Designers have their own library area so repeat orders are quick and simple.

The buyer will obtain everything they need to have a strong start to their ownership, as all equipment, printers, stands, signage, and other tools are included in the sale price. Furthermore, a transitional period is available.

The company would be particularly suitable for a buyer who is skilled in managing finances, in order to ensure the continued success of all three of the company’s divisions. Whilst it would certainly be a brilliant acquisition for a seasoned professional in the printing industry, this is not a prerequisite to owning the business. The buyer does not need to have any experience in the printing industry to be able to successfully operate the company.

There are two predominant methods available for achieving further growth of the business. Firstly, the new owner could expand upon the Netprinters business to increase turnover, focusing on attracting new clients who would benefit from using the business’ efficient and high-quality services. Secondly, they may also wish to further develop their contracts with the existing client base by extending the same model to other branches. The new owner could further seek to implement the same model to other companies.

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  • No local competition
  • Residential area
  • Close to local businesses
  • Good transport links
  • Nearby car parking
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
Yes
Premises Licence
TBC
Property Value
£750,000
Planning
TBC
EPC
TBC

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