Ref.AB070 Location London, CentralAsking Price 1,000,000Confidential offered for sale | |
Asking price: £1M inc. Stock
Asking price includes:
Significant and unique brand asset
Sales of circa £265,000 per annum
139 years of successful operations
superb central London location
Valuable Intellectual Property including sister brand
Excellent opportunity to grow
Excellent opportunity to grow
Successful range of products
Excellent stock holding
Wealthy clientele | | 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 busy and highly regarded store with an international reputation and brand recognition retails the highest quality gentleman’s accessories and bespoke services and also provides an excellent after sales service. Discrete services for its wealthy clients include the opportunity to shop outside regular trading hours in a private and comfortable environment – more private club than shop! Established as long ago as 1868 the business has traded from the same grade II listed site since before the business name, tradition and reputation was established and as such is considered a profound part of the fabric of the local community and as such a landmark generates significant passing trade.
All products carry the business’s famous brand name and distinctive logo.
Under the current ownership for 4 years, this significant and well respected, high street enterprise boasts an excellent reputation for the quality and variety of its products, brands, which includes fine hand made leather goods and briefcases, footwear, bespoke tailoring, hand made shirts & ties together with its founding product the umbrella.
Under various initiatives the vendor has broadened the range of stock carrying the brand considerably, including accessories that meet the valuable customer’s needs. Established for more than 139 years this business guarantees exclusivity and high quality, reflecting the latest designs and trends in the sector, in many popular and attractive forms.
The business enjoys a prime high street location in one of the busiest and most famous high streets in London and the UK, which is always experiencing considerable civic and commercial development and investment for some of the world’s wealthiest companies. The business’s turnover benefits from its prominent position among other successful and well-known high street stores, banks and building societies and from the substantial volume of passing trade and also the referrals generated by the business’s satisfied customers.
The products are displayed in attractive, bespoke built cabinet settings that provide the customer with all that they require. This is an opportunity for those who wish to have a prominent presence in London, possibly to grow or consolidate a regional position or to start in the trade with the benefit of a successful established business.
Above all there is the greatest opportunity of further developing the current brand assets taking advantage of its global recognition and significant global trading history adding substantial brand value & earning capacity to this luxury brand.
Customer Service:
The business offers the highest quality customer care from friendly well informed staff, and considers simply that happy and contented customers come back. That simple but profound philosophy has maintained outstanding levels of product and service that guarantee happy customers. This branded business has built its reputation through its commitment to the key balance of high quality and customer value sufficient to exceed all expectations.
Key Strengths:
This store is well known and more than well established; it absolutely encapsulates quality, fashion and individuality for the discerning man. The business has been built on an enviable reputation and strong product range, this has resulted in customer relations founded on a history of trading satisfaction.
The business is profitable, with an ever increasing customer base and retains a high level of return custom, of whom a great many have done so on a regular basis and over many years.
Since recent acquisition the premises have been invested in to the most exacting degree in their refurbishment and now enjoys a most welcoming environment which includes the original cabinetry and the listed Modernist exterior.
The company has earned an outstanding reputation for its honesty, service and reliability excellent quality products and highly knowledgeable and experienced staff. The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of margins at no loss to custom - a clear competitive advantage.
Key opportunities:
This business is ideal for a socially adept business owner who is motivated, willing to promote the establishment with a stronger marketing campaign and that can tap their creative capacity to grow the firm successfully. There is unlimited potential within this business further growth could be achieved by strengthening the portfolio and appealing to the quality professional market. This business enjoys a customer profile similar to that of say Ralph Lauren in that patronage is through lifestyle choice rather than specific consumer types and so allows for a very broad catchment. Strategic introduction of Internet trading and further extension of the product portfolio will offer this established business tremendous upside potential including global licensing of the brand portfolio.
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 advantage of this growth as it occurs. | | | Premises:
The business is located in an easily accessible and well known area in London; it has capacity for expansion and development of the sales area, should a rethink of the selling floors be considered. If required the office facility above the shop could easily be converted into extra retailing space but currently offers not only a more than adequate administrative environment but also outstanding views directly toward the City.
The store has highly visible and attractive signage, well-organized storage, well-lit and presented window displays, counters, mirrors and lounge chairs providing customers a comfortable environment in which to select the perfect item. The premises are leasehold with 6 years remaining and the rent is currently circa £55,000 per annum including the display area, office and storage over four floors and basement approximately 1,500 square feet. | Advertising and Marketing:
The business has used no advertising and there are excellent opportunities to introduce this and invest in the current Internet service to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its strong service culture and its outstanding brand driven 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 low borrowings, low overheads, positive cash flow, enjoys a stable portfolio of valuable customers, and has shown consistent trading and durability over more than 139 years.
The current turnover is circa £265,000 per annum generating gross profits of circa £200,000.
Full financial information is available, subject to the confidentiality letter being returned. | Employees:
The business employs friendly and professional staff that includes, 2 full time sales assistants. | Support and Training:
The vendor is happy to provide a full business familiarisation training and handover period for the new owner to provide continuity of trading. | Reason for Sale:
The business is now on the market due to personal reasons. | | 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 |
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