Unique and Exclusive High Fashion & Glamour Hosiery Distributor
Ref.AB026 Location London, West LondonAsking Price £25,000,000Confidential 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 | |
Asking price includes
Prominently situated on an established trading estate
Reputation for honesty, reliability and responsibility
A trusted and respected supplier of ladies hosiery
Very well established Blue-chip client base
Professional website for glamour sales
Sales of circa £2.7 Million per annum
Many years of successful operations
Excellent supplier partnerships
Tremendous growth potential
Complete Turnkey Operation
Extremely lucrative margins
Extensive range of products
On-going growth pattern
Excellent profit margins
Strong advertising base
Training and handover
Excellent reputation
Security System
Goodwill | Business profile: | Established 20 years ago in 1984, this business is a leading UK supplier of unique high fashion ladies and girls hosiery to most principle high street retail stores, and mail order houses worldwide.
With a loyal and diverse customer base, this wholesale business offers superb growth potential, excellent profitability and an impressive base of satisfied repeat accounts and customers to the new owner.
Fast, friendly service, dedication to total customer satisfaction, and painstaking care and attention to detail, keep this wholesaler's accounts and customers returning time after time, while also attracting new referrals on a daily basis.
The business supplies to wholesalers and retailers and has built up an excellent reputation for quality. With a most extensive range of hosiery the business has established an extensive client base of loyal customers, that include most UK high street multiples and many customers from overseas.
The business has established extremely strong contacts with hosiery manufacturers at home and abroad and prides itself on its ability to operate efficiently and successfully.
The business has very little direct competition, its lines consist mainly of its unique range of hosiery products; this is a rare opportunity to acquire an established business wholesaling the best selection of high fashion hosiery in the United Kingdom.
The business also successfully distributes an extensive range of glamour wear via a worldwide network. The stunning collections are designed to suit all tastes and budgets.
Customer Service
The company’s philosophy is to supply the very best value in terms of quality and reliability, using their expertise and employing highly skilled, knowledgeable personnel.
As well as its dedication to customer satisfaction it has attracted and continues to attract new referrals.
Key strengths
The business designs and supplies a product range which is growing stronger and broader daily, supplying many blue chip companies, and are the ideal trader's resource for in-demand, guaranteed products.
Offering exceptional levels of service by understanding the needs of customers, this business fulfils customers’ requirements with the appropriate mix of service, products and pricing and the ability to innovate and deliver goods on time.
The professional and competent management and staff have built long-term success and remain competitive in this unique market environment. With a flexible approach to warehousing the business handles large orders for high street fashion multiples, whilst also offering a bespoke service to smaller retailers.
The business has been built on solid foundations and with prudent management. Given the same common sense approach a significant growth in profitability is inevitable.
Key opportunities
There are many excellent avenues for growth, especially with additional staffing and further promotion within the appropriate market sectors, a dedicated advertising team could greatly expand the advertising base to increase sales at home and abroad.
The glamour business is easily run, has low overheads and could be operated from any location, there is scope to devote more energy into this side of the business, and increase it substantially. | The premises are situated in a prime location on a West London trading estate. They are an extensive facility that is fully equipped and provide well-suited space for this business, with good frontage and excellent signage.
The building is freehold and owned by the directors’ who will negotiate a new lease with the purchaser.
All facilities are close to hand, the nearest London Underground and British Rail stations are less than a mile away, an International Airport is only ten miles away and there is good access to major road and motorway networks.
| <>Advertising and marketing
Yellow pages, trade magazines, press releases, public relations, direct sales force, local press, trade awareness, trade shows, exhibitions and Yell.Com are used to advertise and market this business
The high profitability of the business is due to the reputation the business enjoys, and the extent to which the company name is recognised.
The business prints and distributes a full colour glossy catalogue and has a secure easy to use professional website for on line shopping of glamour wear. Competence and trust are essential to online shopping and this business endeavour to despatch orders within 24-hours of receiving them. | Growth and Expansion
The business has grown rapidly from a standing start and has an impressive monthly turnover and huge potential for continued expansion. The business is one of the leading suppliers of its kind in the UK, forging a reputation for itself for providing quality products and service. | | Financial profile: | Financial InformationThe 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 current turnover is circa £2.7 Million per annum.
| | The company currently has a staff compliment of twenty, and provides a friendly working environment for its employees, working as a team bringing skills, abilities and enthusiasm, the employees are the source of the business strength and success. | Support & Training
The owner will provide full business familiarisation, training and handover.
| Reason for Sale The owners have decided to retire and let the next successful chapter of the business be in the hands of the new buyer.
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