Opis:

Leasehold

Asking price: £99,950+SAV

Asking price includes:

Turnover for the year circa £327,000
Gross profits of approximately £107,000
Adjusted Net profit circa £77,000

Well established business operating in excess of 30 years
Exclusive overseas European manufacturing facilities
Recognised brand names
Top quality design, manufacture and distribution
Customer base of independent retailers
Agency network
Extensive established client base including major High Street names
Training and handover

Business profile:

This clothing business is a leading and respected manufacturer and wholesaler of quality, trade marked garments, which are distributed to various independent retail outlets and department stores via their agents who cover the whole of the United Kingdom and Ireland.

The business manufactures brand labels of Nightwear and Shirts. Top quality design clothing patterns are produced and quality material is sought and sent to Europe where the company has excellent manufacturing arrangements in place.

Operated by the current owner for circa 30 years the business wholesales across the UK and Ireland and are happy to distribute either large or small quantities of stock via their self employed agents.

Built as a result of the current owner's extensive experience within the sector, this business is operating at all stages of the design production and wholesale process with a close, tightly knit team of individuals. This business operates seamlessly - bringing together the combined talents of its manufacturing partners in Europe and a distribution network for its broad customer profile.

Equipment:

The business is semi-computerised.

Customer Service:

Customer service is the top priority. The business provides personal attention and works to ensure they give a quality service and on time delivery of products.

Key Strengths:

The business is long established and profitable with registered and recognised trade mark products.

With a large data bank of clients the company offers a complete turnkey operation that will undoubtedly be of interest to any larger company as a bolt on business, and would compliment any company wishing to enter a different market.

The company has earned an outstanding reputation for its service, quality, care and speed of delivery, all of which is driven by the strong culture of enthusiasm within the business.

Growth and Expansion:

The retail sector is showing signs of levelling out and with such a successful formula, there is no doubt that a new owner could generate very healthy returns on investment purely by maximizing the effectiveness of the existing business.

Having developed a strong brand identity there is excellent growth potential. The network of agents could be increased to cover a larger geographical area and follow up opportunities in main land Europe. New products could be introduced which could also have a significant effect on turnover and profitability. An online store could also be developed as it would offer the customer another way of purchasing the beautifully made clothing.

No Business Premises included:

The business is fully relocable.

Business Hours:

Monday - Friday: 38 hours per week

Financial profile:
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.

Turnover for the year circa £327,000
Gross profits of approximately £107,000
Adjusted Net profit circa £77,000

Employees:

The owner is ultimately responsible for the financial performance of the business supported by one stock room person, and two part time employees in administration. Five self employed sales agents cover the main land operation and a further two cover Ireland.
Support and Training:

The owner will provide full business familiarisation, training and handover for a negotiated period of time, covering all aspects of the business, to ensure a smooth transfer to new owners.
Reason for Sale:

This is a genuine retirement sale.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk