Fri, 24 Jun 2022 | BUSINESS SALE
Deals Incorporated, a Manchester-based e-commerce retailer that sells goods imported from China and India through eBay and Amazon, has been put up for sale with an asking price of £1.6 million. The business, which also has a store located in Cheetham Hill, made turnover of £800,000 in 2021.
The sale, which includes the operating company and its Cheetham Hill leasehold premises, has been described as representing an excellent bolt-on opportunity for an established e-commerce firm or as an acquisition well-suited to a buyer looking to move into the e-commerce space.
The retailer was founded in 2019 by Sardar Sukhvinder Singh Peliya and has since grown to be a significant e-commerce operation, making more than 366,000 sales on eBay alone. The business sells a wide range of imported products through its online channels, including toys, accessories and homeware.
The company’s founder initially intended to operate the firm as a family business. However, following a change in circumstances, the owner is now seeking to sell the business and retire. Business transfer agent Blacks Business Brokers has been appointed to oversee the sale process.
Blacks Business Brokers Sales Negotiator Megan Sutherst commented: "Mr Peliya has quickly built Deals Incorporated into a significant e-commerce operation with a strong customer base. All the groundwork has been done and the business now presents a turnkey opportunity for a new operator.”
"The business would make an excellent bolt-on acquisition for an existing e-commerce operator but, given the infrastructure that our client has put in place, it would also be a great opportunity for someone with a different background who wanted to move into online retail.”
"In either case, there is still plenty of growth on the table, and a new owner could take Deals Incorporated to the next level if they were to bring a strong marketing focus to the business."
Find out more about the state of M&A in the e-commerce sector.
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