Mobile Fun already operates complementary brands, and is now looking to expand through the acquisition. Target companies include: mobile accessories retailers, larger eBay/Amazon businesses, mobile phone retailers, online retailers of technology products, or small distributors of mobile accessories.
Managing Director of Mobile Fun, Mohammed Hussain, commented: “Plans for organic growth are already underway, including our investment in a new distribution business, and now we are looking to accelerate company growth through acquisition. I receive several speculative approaches on LinkedIn every few months from businesses looking for a buyer. As we now have a formal acquisition process in place, we are expecting more businesses to get in touch.”
Mobile Fun regards any potential retail or online business acquisition as an opportunity to gain new routes to market, while a distributor of mobile accessories, technology or telecommunications products may support Mobile Fun’s recently announced distribution business.
Mobile Fun is considering businesses both in the UK and internationally, with a turnover between £500,000 and £10 million with profits of £100,000 to £750,000.
Hussain concluded: “We have achieved great momentum recently, including the launch of our brand into 24 new countries in the last 18 months. With our strong financial position, ambitious management team and proven e-commerce expertise, we are ready to grow our business even further.”