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Importers and Distributors of Quality Luggage and Travel goods Retail, Wholesale & Cash & Carry

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Sale Memorandum

Importers and Distributors of Quality Luggage and Travel goods Retail, Wholesale & Cash & Carry


Ref.AB029

Location Greater London

Asking Price £995,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking Price Includes stock at valuation
Sales approaching £3 Million per annum


Asking Price Includes

A trusted and respected brand name in the travel goods market
Reputation for honesty, reliability and responsibility
Professional informative website and brochure
Well-presented premises in excellent condition
Huge opportunities and expansion capabilities
Excellent Far Eastern supplier partnerships
Extensive branded range of travel goods
Established Client/Customer base
Extremely lucrative margins
Training and handover
Great location
Advertising
Goodwill

Business profile:

The business offered for sale is a well-established importer, distributor and wholesaler of all types of inspirational travel goods.

Established for over twenty five years, this business has many years of expertise in the luggage industry covering all three sectors, retail, wholesale, and cash & carry. Sourcing and importing branded and well-put together collections from the Far East under several registered brand names.

The business supplies quality goods covering everything from wheeled expanding luggage, suitcase sets, soft bags, overnight bags, flight bags, travel- aids, shopping bags, shopping trolleys, backpacks, fashion bags and purses, computer/business bags and luggage accessories.

The business maintains an excellent and direct relationship with the Far Eastern factories specialising in the import and distribution of quality luggage and trolley cases. The business prides itself on sourcing new and exciting product lines.

Having recently branched out into more areas of the travel goods market the company are now importing many hundreds of different travel products, allowing them to target a much broader and more diverse customer base.

Through the network of manufacturers the business can customize their range to provide quality items to fulfil customer's exact requirements. All of the items are manufactured to a highly detailed specification with full trace-ability of items throughout the whole process, which is reflected in the finished product.

This business has an excellent reputation for their commitment to providing a personal, thorough, efficient and friendly service with every effort made in order to satisfy the customer's requirements.


Customer Service

All company policies and procedures have been reviewed in order to guarantee the business provides a first class level of service and ensures customer satisfaction.

Company philosophy is to provide a first class service, with high quality competitively priced products.

Key Strengths:

As leaders in fashion luggage and accessories, market this business is innovative, with unique designs and the ability to react quickly to market requirements.

Specialists in the import and distribution of quality, high value products from around the world.

The business maintains a good office and distribution set up, and source and design new, exciting product lines which make an instant impact, with a range of stylish coordinating products in seasonal and fashion colours.

The key strengths of this business come from the strong unique style of its brand, the many retail luggage shops who hold exclusive territories, the distribution, manufacturing partnership and management skill, together with the capability and flexibility for further expansion potential.

Provideing outstanding value in the market place.The aim is to provide unequalled terms of service and quality, but still at unbeatable prices.



Key Opportunities:

There is an excellent opportunity to build on the existing base of this company, particularly on the export side to Europe.

With a strong demand for products and capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent customer base.

The business market share and continuous product innovation place this company ahead in the marketplace, and creates an energized environment of challenge.

Going forward, this business aims to be the number one importer and distributor of travel goods. The way this will be achieved is to continue to provide outstanding quality products at unbeatable prices, backed with excellent service.

Quality Assurance:

Quality comes high on the list of these businesses priorities; the mission of the business is to provide customers with high
Financial profile:
In addition to the vendor the company currently has a staff complement of three
Support & TrainingThe owner will provide full business familiarisation, training and handover.
Reason for SaleOur client is placing this business on the market as he has other business interests that are all proving to be very time consuming
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.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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