Professional Online Retailer of Espresso Coffee Machine and Vending Machine Parts

Hinckley, Leicester
REF: R07853

Asking Price:
£185,000
Annual Turnover:
£115,152
Annual Net Profit:
£50,021
REF: R07853

Overview

Tenure:
Home_based
Established:
2000
  • Strong reputation
  • Loyal customer base
  • Huge growth opportunity
  • Equipment included in sale
  • Wide variety of products sold

Recently brought to the market as an ecommerce business which specialises in selling coffee machine parts, accessories, consumables, and cleaning products.

Established in 2000, Espresso Underground has gradually developed an extremely comprehensive range of products which enables it to position itself as a one-stop destination for the hospitality industry as well as the commercial and domestic coffee machine market worldwide. This is a unique rarity in the coffee industry, as most retailers have a comparatively limited range of stock. Espresso Underground is a complete concept including Its own blend of coffee to its own branded cups signage etc.

The business has developed strong relationships with suppliers, obtaining stock from both UK and EU sources, before distributing the products solely online. The business’s extensive range of quality products has made it a popular choice for the hospitality industry as well as a strong domestic following being a leading Lelit coffee machine and parts supplier for the UK and supplying worldwide.

This is a superb option for someone looking for a business which offers both flexibility and future growth potential. The business is only for sale due to the owner’s wish to retire and spend more time with his family and hobbies.

The business is currently located in a serviced office unit to store products before distribution. However, this is not a compulsory aspect of the business’s operations and so it is ultimately available on a fully relocatable basis. The buyer will therefore be able to select alternative storage premises for the stock to suit their own needs and preferences. The business offers superb flexibility with its operations and the current owner does (prior to Covid) run the business from his home in the Mediterranean for many years, with an employee running the packing and distribution. Nonetheless, Espresso Underground is presently run by the vendor.

The buyer will benefit from taking on the business’s excellent website which makes it easy for customers to quickly navigate to their required product/s. Furthermore, the vendor is willing to offer the buyer a transitional period, to ensure a seamless handover of business operations and a successful start to the buyer’s ownership.

Prior experience in ecommerce would be preferential to equip the buyer with the skills and knowledge necessary to continue Espresso Underground’s success. This is a great opportunity for an existing ecommerce business owner to acquire a longstanding, highly reputable addition to their portfolio.

Updating the website front page will be useful in modernising the company’s appeal to potential customers. No SEO or marketing in any form has been carried out to date, therefore implementing a thorough and continuous SEO strategy will be important to the business’s growth as it will enable it to rank more highly on potential customers’ searches, thereby increasing its reach. Testing a paid Google Ads campaign, creating social media profiles, and curating social media campaigns should also prove effective in raising brand awareness amongst consumers. By generating new leads with these methods and combining them with an updated website, the business will be on the path to strong growth.

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  • Relocatable
  • Home-based
  • Office-based
  • No competition
Rent
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Rates
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Accommodation Included
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EPC
This business does not require an EPC

Annual Turnover
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Annual Net Profit
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