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High Quality Gentlemens Clothing and Tailoring Services

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Sale Memorandum

High Quality Gentlemens Clothing and Tailoring Services


Ref.AB077

Location West Country

Asking Price £ 135,000

Confidential offered for sale

Asking price includes:

Sales of circa £190,000 per annum
Wide range of gentlemen’s clothing and tailoring services
Broad range of accessories
Established client/customer base
Fantastic collection of sampling
Excellent supplier partnerships
Superb opportunity to grow
All fixtures and fittings
Training and handover
Excellent reputation
Good profit margins
Prime Location
Vehicle
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This admirable gentlemen’s outfitters has been in its present location since 1970. It occupies a key location on the high street of a well-known West Country town within easy reach of Bristol and Bath.

It specializes in the supply of up market, quality country clothing to an broad base of clients some of whom travel in excess of fifty miles to view the comprehensive items on display. The business buys its stocks twice yearly direct from well-known high quality manufacturers.

Its customer base is in the “fifties” plus age market that is increasing in size as the population gets older and people become more discerning in their clothing requirements.

As well as the retail outlet the business is very active in growing its customer base by having a strong presence at a number of country fairs and agricultural shows throughout the south west.

These shows include Badminton, Cheletham November Race Meeting, The Royal Welsh Show, Bath and West Show, Newbury Show, Three Counties Show, Autumn Flower Show, and a number of other smaller local events.

Customer Service:

This is customer service in the real sense of the word. The shop is a haven for those who enjoy the process of selecting and buying garments that the high street chains can’t supply, in an unrushed, courteous and knowledgeable environment.

Key Strengths:

Well established
Superb reputation
Niche market
Loyal customer base
Key Opportunities:

The opportunities to expand this business lie in developing the available market from the Bristol area and increasing the attendance at the regional shows. Data collection at these events combined with a similar activity at the retail outlet would enable mail shots to be sent to clients detailing offers and the arrival of new ranges. This could be supported by the development of a web site and local advertising in selected country journals. There is presently no advertising undertaken at all.
Premises:

The leasehold premises are well located with adequate free parking close to hand.
The shop and small office cover a total of circa seven hundred square feet at an annual rental of £8750:00
Financial profile:
All financial information will be available under the auspices of Turner Butler and subject to the usual letters of confidentiality being in place. Turnover is in the region of £190,000 with gross profit being circa forty per cent. Profit before tax is around £25,000
Support and Training

A full and complete handover will be made available to the purchaser.
Reason for Sale:

After a long and successful career the owner now wishes 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

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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