business for sale

Well established & prominent, manufacturer of ladies’ premium fashions to high street multiples

Sale Memorandum

Well established & prominent, manufacturer of ladies’ premium fashions to high street multiples


Ref.AB054

Location London

Asking Price £950,000

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

Substantial Leasehold property
Successful range of premium products
Sales of circa £5,000,000 per annum
Wealthy and time rich demographic
Long and short term return custom
28 years of successful trading
Trusted and respected name
Established customer base
Significant Goodwill

Business profile:

This nationally recognised and respected business was founded in 1978 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has established itself since to become a significant enterprise with a national reputation for the quality and variety of its manufactured products, service and reliability.

The business enjoys a prime location in one of London’s busiest commercial districts and benefits from its unique offering in providing a turnkey service to retail customers, offering a comprehensive range of individually designed, ladies outerwear fashions, covering many levels of affordability; premium and economy appropriate to their market. This business maintains a close eye on market trends, staying current with all fashion innovations within its clients’ key markets.

Many products are manufactured with uniquely designed features and it is this business’s ability to operate in such detailed ways in appropriate volumes that creates a clear difference between this business and competitors meeting the customer’s needs for cost, productivity, delivery and quality.

From the earliest days of trading, operations have been invested in significantly with technology and people and implemented to maintain the careful balance between cost and quality, providing exceptional value for money and combining ease of delivery to the customer with maintained manufactured integrity.

The business has the technical and manufacturing capacity to increase production significantly within current operations.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that production is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business endurance.
With the benefit of comprehensive manufacturing facilities, the highest quality through key business areas has been maintained and conforms to British Standards where appropriate. The business has also applied itself to control over costs in an increasingly competitive and demanding market.
The ability of this business to grow and sustain its profitability is due in no small part, to the business’s strong commitment to investment in technology, significant in maintaining the profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.

The business has been established for 28 years in current ownership and is well known and highly regarded by customers and peers, considered a part of the fabric of the fashion business community. The vendor has been involved in the business since its first days of trading and can offer considerable advice and information concerning all aspects of trading.
The business is an excellent opportunity for any business seeking an opportunity to expand their current product offering into this profitable sector or perhaps consolidating or growing within this sector.
Customer Service

The business considers simply that happy customers are loyal customers and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of maintained business over many years and the choice of this business by new customers over competitors.

Key strengths

The business is an organisation where the vendor has, over time developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the relationship with the vendor.
The business is well established and profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality products and highly knowledgeable and experienced staff.
Each customer has its own product portfolio and this business works closely with customers on creating successful designs specific to the client market and its clientele.
The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of higher margins at no loss to custom – a clear competitive advantage.

Growth and Expansion

The current market for this business’s products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key opportunities

This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase operational output and turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in marketing including advertising and as yet partially exploited internet opportunities, aimed toward the acquisition of commercial and contract business currently unexploited.

Competition

The vendor considers that in regard to the exceptionally high added-value nature of the business’s customer service and product range, there are few businesses in the UK considered serious competition.

Technology

Administrative systems have been implemented to provide the required technology for a modern and efficient business.
Premises

The business is located in an easily accessible area in London and operates from a circa 10,000 square feet area including reception, manufactory, administrative offices and storage.
The premises is currently in the ownership of the vendor who is more than happy to consider arranging a suitable lease for the successful new owner.
Advertising and marketing

The business has used limited advertising in the past and there are excellent opportunities to increase this and to invest further in its internet marketing to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
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.
The business is financially stable with no borrowings, well managed overheads, positive cash flow, good gross and net profit and has shown consistent growth over 28 years of trading.
Sales revenue is circa £5,000,000 per annum and the vendor feels that with investment in marketing and the expected increase in market demand the business could dramatically increase its revenues.
Support and training

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reason for sale

The business is for sale as a result of the vendor’s wish to retire.
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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