Property Descriptions

Location: London & Norwich Asking Price: £275,000 incl. Net Assets Business highlights include: Turnover 2022/23 £245,000 p.a. Gross profit over £217,000 p.a. EBITDA £75,000 p.a. Net assets circa £40,000 Excellent client base with repeat business Superb profit margins Very low overheads Loyal experienced and trained staff Opportunity for subscriber revenue Ideal addition to existing PR or similar consultancy Business Profile: The company was founded in the 2003 focussing on delivering PR consultancy to primarily interior and lifestyle clients. The company rapidly built an outstanding reputation with fantastic reviews from clients many of whom have now worked with the team for well over ten years. The business has a small, focussed team with a huge depth of experience and knowledge in the interiors and lifestyle sector. The business is well structured with an excellent trading history and repeat client base showing continuous profit. There is enormous potential to grow the business further and to add additional complimentary services to the existing clients. Services Digital PR – helping clients build online brand communities Social Media - helping clients build brand reputation Print PR – creating printed content for clients Content Creation – working with clients to create unique and long-lasting content Clients: The business has a wide range of clients from blue-chip multinational organisations to start ups and small to medium enterprises. Clients have provided excellent feedback and most of the firm’s clients have been with them for over 10 years. Key Strengths: Solid client base Over 21 years of experience In-depth industry knowledge Excellent ROI Valuable contacts Sector expertise Creative Talent Skillful writing Superb track record The Future Opportunity The current owners are looking to sell the business to enable the company to continue its growth trend. With greater capacity, a larger team, greater use of online services, and possible subscription revenue models the business could experience significant further growth. The current owners are keen to actively engage with new owners and share their thoughts on key growth areas and strategies to build on the work that has been done to date. Advertising: The business has had considerable growth from client recommendations and word of mouth. The company has an operational website and an active social media presence. Employees: The business is supported by six staff as follows: 2 Directors 2 Account Directors 1 Account Executive 1 Office Administrator Premises: The Directors operate the business from rented offices in Norwich as well as serviced offices in London. Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business has achieved consistent turnover and profitability over the last 3 years. Turnover to 31st March 2023 £244,764 Gross profit circa £217,273 Net profit (before tax but prior to other EBITDA adjustments) circa £50,190 The Asking Price of £275,000 is for 100% of the issued capital of the company. The Net Asset Value is in addition to the asking price and is currently calculated at circa £40,000 but will be confirmed in detail on completion. A £ for £ adjustment will be made to the asking price for any amendments to the net asset value at the date of completion. Reason for Sale: The directors and shareholders have other business interests they would like to pursue longer term. Support and Training: The existing directors and shareholders will provide full support during the transition period following sale and may be open to discussing longer term roles with the new owners.