Online Supplier of Cash Handling Solutions/Products

Fareham, Portsmouth
REF: S06773

Asking Price:
£59,000
Annual Turnover:
£82,494
Annual Net Profit:
£33,422
REF: S06773

Overview

Tenure:
Relocatable
Established:
2005
  • Wide range of cash handling products
  • A leading supplier in the industry
  • Relocatable tenure
  • UK and International market
  • Huge scope for growth

The business for sale is the official UK distributor for Magner International. Inc who are a long-established manufacturer of cash handling solutions around the world.

The company is a renowned supplier of Banknote and Coin, Counters, Sorters, Recyclers and related products (packaging equipment). The product lines are aimed at specified markets in the UK & overseas and are sold through a direct sales channel.

This is a reputable opportunity for someone within the distribution industry and is now for sale on a relocatable basis. The business is only for sale due to the current owner wanting to pursue some new non-industry interests.

The business is recognised for its premium and wide-ranging products including: Banknote Counters, Banknote Sorters, Coin Counters, Coin Sorters, Teller Cash Dispensers and Recyclers, Coin Packaging solutions, and Software Applications. The pricing policy of the product and service/support packages offered by the company is founded on close monitoring of operating costs, cost of product and the prevailing market conditions. Pricing is derived from a strategic analysis to maintain a healthy margin but still retaining market share and customer loyalty.

Competitor prices are continually monitored to maintain overall business profit. The benefit of this approach is the company can control the pricing and quality of the products supplied, which promotes a better understanding of the target markets through experience and contacts within those markets.

The current owner operates from a home-based location enabling a new buyer to relocate into a premise of their choosing.

Intelligent is pleased to bring to the market this lucrative opportunity for a new buyer to acquire a leading supplier of cash handling products.

The flexibility of this business is prevalent because it allows the new buyer to choose their own working hours.

Kiedis LTD has an ongoing distribution agreement with Magner International Inc for the sale of banknote counters and sorters in the UK and a distribution agreement with Nionnet LTD for the sale of Cash Management Software globally. The business is also involved with the development of innovative solutions and currently has a portfolio of three products awaiting development (IP owned). The first is targeted at the retail market and the second two the gaming market.

It is an internet business that is ready to be taken to the next level with vast scope to increase the potential sales turnover. At present, the design for the website is minimal.

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  • Fully relocatable
  • No physical grounds
  • Established since 2005
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EPC
C 51-75

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