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the UK marketplace for company sales

Online fully refurbished consumer electronics retailer

Reference
S6238
Turnover
£5m to £10m
Sector(s)
Miscellaneous, Retail & wholesale, Technology
Region(s)
UK Wide, Outside UK
Added
10 June 2019

Business description

Utilising a highly skilled workforce and modern premises,the company specialises in the sale of quality, graded and fully tested refurbished electronic products.

Core products supplied by the business include smartphones, tablets, smart watches and associated accessories from major international brands such as Apple and Samsung.

The company has established strong relationships with several major e-commerce websites such as Wowcher and Amazon and is well-known and respected as a reliable provider of high-quality equipment.

Having built up the business since inception, the shareholders are now offering the company for sale to focus on other interests and are willing to support a handover, subject to negotiation.

Financials

  • YE19 management accounts indicate turnover of £6.3m, with adjusted EBITDA of £488k.
  • Achieved turnover of £3.9m in YE18, with adjusted EBITDA in excess of £300k.
  • Forecast to reach turnover of £10m by YE21.
  • As at 31st March 2019, the company’s balance sheet included net assets of £555k, with cash of £80k.
  • Consistent, year-on-year growth of both turnover and profitability across the last four years.

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