business for sale

Commendable Small Group of High Class Ladies Fashion Shops

Businesses for Sale

Sale Memorandum

Commendable Small Group of High Class Ladies Fashion Shops


Ref.AB076

Location South West

Asking Price £ 300,000

Confidential offered for sale

Asking price includes:
Sales of circa £655,000 Ex VAT per annum
Wide range of designer label ladies clothing
Sales that are growing year on year
Established client/customer base
Excellent supplier partnerships
Wonderful opportunity to grow
Minimal office furniture and van
Extremely lucrative margins
All fixtures and fittings
Training and handover
Excellent reputation
Stunning premises
Prime Locations
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 is a truly unique business which was established by its director in 1997. Operating from four beautifully appointed, well-positioned retail outlets it has carved itself a substantial niche market providing only the very best designer labelled ladies wear and accessories at wholesale prices.

Historically designer labels have only been accessible to those people with a high level of disposable income. This company broke the mold and as such has made itself available to those clients with a much broader range of income brackets.

The range of clothing covers every conceivable requirement from casual daywear through to evening gowns, and mother of the bride outfits. The collections are complemented by a wide variety of costume jewellery, shoes and hats. Stock distribution is controlled centrally.

A major benefit to any purchaser of this business would be that the key director would be very keen to stay on with the business as a consultant buyer for a period to be agreed as part of the negotiation process.

Customer Service:

The staff all have a genuine warmth and enthusiasm for their work and this is reflected in the success of each outlet and the high percentage of customers who return to buy on a regular basis. From the customers perspective it is a simple formula, quality staff in quality surroundings selling quality garments at achievable prices.

Key Strengths:

Well-located superbly appointed premises
Highly trained well motivated staff
Strong local economies
Balanced buying strategy
Excellent suppliers
Superb reputation
Financially sound with zero borrowings
Present owner would stay in a buying capacity if required
Premises:

The four immaculate leasehold premises are all located in period properties in prime retail positions in key west country towns.
Details of each individual property and the terms of its lease will be made available as part of the due diligence process.
Advertising and Marketing:

The company has an extensive database of past and present customers who it contacts when new ranges become available.
Financial profile:
All financial information will be made available under the auspices of Turner Butler. The business has grown consistantly since its inception and anticipates a turnover in the region of £660,000 in the present financial year. Gross profit will be circa 58%. Profits before taxation will be around £97,000
Employees:

Three of the outlets have full time managers with the fourth having the position filled with a job share partnership.
One of the full time managers also acts a group general manager and takes responsibility for HR issues.
Sixteen part time staff.
Support and Training

A full and seamless hand over will be made available as part of the sales process
Reason for Sale:

The managing director has only decided to sell due to family commitments and would be very keen to remain associated with the business in a buying capacity if that was required by the purchaser.
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.

[back to businesses for sale] [return to top]