business for sale

Well equipped and established Fashion Belt manufacture & finishing

Businesses for Sale

Sale Memorandum

Well equipped and established Fashion Belt manufacture & finishing


Ref.AB065

Location West Midlands

Asking Price £100,000

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

Successful range of high integrity fashion belt products
Reputation for quality and reliability
Un patented technical know-how
20 years of successful operations
Excellent opportunity to grow
Trusted and respected name
Excellent profit margins
Established client base
Training and handover
Significant Goodwill

Business profile:

This business was founded in 1986 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since from to become a significant enterprise with a reputation for the quality of its products, flexibility of service and reliability.
The business operates from a prime location in the West Midlands and has established itself as one of the region’s leading independent companies supplying a wide range of fashion belts to the fashion industry and also a finishing service for partially completed orders from other providers and benefits from stringent internal quality control. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has always believed in the pursuit of excellence, installing new machine technology, constantly reviewing and updating its service commitment and its methods of business, ensuring that valued customers receive the very best service and quality of product at all times.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth over its 20 years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the requirement, service and availability is never compromised and that customers are as a result, never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in machinery, to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
A key component has been customer service which is focused to a great extent on exceeding the most stringent demands of the company’s well known clients, the place where the reputation of the business can be made or lost. Understanding this has meant that the business has prioritised this area such that it represents a key reason why this company’s products and services are selected over other competitive providers.

Customer Service

The business manages several hundred customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.

Key strengths

This is an autonomous organisation where the business owner has, over time developed and nurtured a reputation responsible for the continued return custom. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the permanent presence of the vendor.

The business is well established and profitable, with a loyal and growing customer base, some of whom are among the country’s well known high street companies, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient project fulfilment and a willingness to help.
Growth and Expansion

The vendor has noticed in recent times that the current market for this business’s services is growing and has 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 services and customer base of this company. With a strong demand combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services and products. There are many excellent avenues for growth, especially with sales and marketing investment and forecasts which are showing early trends for growth and development.

Technology

Specialised and administrative systems have been implemented to provide the required technology for a modern and efficient business including Sage accounting.
Premises

The business is located in an easily accessible area in the West Misdlands and operates from a circa 1,000 square foot area including, machine manufacturing, facilities and administrative offices.
The freehold is available and is currently valued at circa £120,000.
The premises benefit from comprehensive security measures including, shutters, window grills, ADT Alarm system and the busy industrial estate also has a main entrance gate which is locked after trading hours and each business owner has keys.
Business hours are currently 9:00am to 6:00pm Monday to Friday.
Advertising and marketing

The business has used limited advertising in the past and there are excellent opportunities to increase this in combination with other direct sales and marketing initiatives and market the business more aggressively 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, low overheads, positive cash flow, good gross and net profit and has shown consistent high growth over 20 years’ trading.
Sales revenue is circa £250,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
Employees

The business currently employs 2x sewing and finishing staff on a part time basis and 2x finishers who along with the vendor are responsible for day to day operations.
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 follow other areas of interest business and otherwise.
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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