SOLD : Stock Valuation Business
Established in 1994 by David Rogers, under whose name the business was operated, the business provides professional stocktaking services to clients in the retail sector across The South West. Valuations are carried out to regular clients mostly on an annual basis but also for ad hoc requirements such as business transfer, probate or insurance purposes.
David’s former career was as a bank manager and so his numerical and interpersonal skills were well suited to operating a stock valuation business. Having established a successful business with a sound client base his services (where he employed a small team of assistants) were much in demand. However, after many years David considered retirement.
On deciding that he would like to see his business continue but in new hands David chose to instruct specialist business transfer agency, Beardsley Theobalds to act for him. With this being a rather niche market business a targeted promotional campaign was conducted contacting owners of similar businesses to see if they were looking for expansion via acquisition. Also the business was featured on the leading websites in the business transfer market as well as Beardsley Theobalds’ own web site. These forms of promotion attracted people from far and wide and resulted in many people meeting the vendor to discuss the operation of the business in depth.
The business has been purchased by two couples, Karen & Robert Boulton and Samantha & Mark Siggers. Immediately on purchase they were straight to work as David had set up several appointments for valuations. However, David was to be on hand for help and guidance and to ensure that all went smoothly.
With a background in management and operation of pubs and restaurants, Karen and Robert have the right experience to continue the good reputation of David’s business but will be changing the name to Stock Valuation Specialists (or SVS).