Specialist Supplier of Medical Footwear and PPE in Sunderland

Sunderland, Sunderland
REF: S07776

Asking Price:
£650,000
Annual Turnover:
£478,623
Annual Net Profit:
£236,067
Reduced
REF: S07776

Overview

Tenure:
Leasehold
Established:
1997
  • Excellent reputation
  • Loyal customer base
  • Equipment included
  • Friendly, professional team
  • Strong supplier relationships

The business for sale is a well-established and respected supplier of specialist footwear and PPE based in Sunderland.

Established in 1997, their primary focus is the provision of durable, reliable footwear for the healthcare industry. Committed to quality and exceptional levels of service, over the years they have sold to a plethora of NHS and private hospitals - building a large and loyal customer base.

Products are available for purchase through a convenient, easy to use e-commerce site, with free shipping and a generous returns policy. Offering brands such as Abeba ESD Safety Shoes and Schurr footwear, the business also supplies a range of other medical products, including; forceps, finer switches, diathermy products and PPE.

Demand for this business's products has been exponential during the current COVID-19 pandemic, with the business only now for sale due to the current owner's pending retirement.

Offered on a leasehold basis, there is a three-year lease in place with rent payable at a rate of £5,873.76 per annum.

The business currently occupies a small warehouse facility, ideal for storing stock and running day to day operations. Should they wish, a new owner could look to expand their storage facilities, or potentially relocate the business should it suit.

All of the relevant equipment is to be included in the sale, such as; storage equipment, desks, computers and the like. A new owner would also benefit from a highly-functioning e-commerce website.

Additionally, the business already has several NHS and Scottish contracts in place, therefore ensuring the buyer has an immediately strong and successful start to their ownership.

Stock, with an estimated value of £50,000 is available to purchase by separate negotiation.

The current owner has advised they would be happy to stay on for a short transitional period, should a potential purchaser require.

This would be the ideal purchase for an individual with experience in a similar industry looking to expand into an extremely buoyant sector. With an excellent reputation and low overheads, it presents a sound investment for any interested party.

There is plenty of opportunity for future growth. Expanding and diversifying the current product range could expand the business's customer base and increase sales. A new owner could also look to secure regular contracts with hospitals across the country, ensuring a steady supply and regular custom.

A purchaser may also consider introducing a more aggressive online marketing strategy, such as PPC campaigns, to secure more customers. Employing a specialist sales team may also be beneficial.

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  • Nearby car parking
  • Good transport links
  • No local competition
  • Close to local businesses
  • Relocatable
Rent
£5,874
Rates
£0
Lease Term
3
Lease Expiry
2023
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
E 101-125

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
XXXX

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