business for sale

Hosiery, Tights, Stockings, Gloves & Socks Wholesale suppliers to manufacturers, wholesalers and ret

Businesses for Sale

Sale Memorandum

Hosiery, Tights, Stockings,
Gloves & Socks
Wholesale suppliers to manufacturers, wholesalers and retailers.


Ref.AB017

Location Leicester

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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Plus Stock at Value (circa £75,000)



Sales £350,000 per annum

ASKING PRICE INCLUDES


Unique customer/client base


Furniture, fixtures and equipment


Inventory


Tradename


Goodwill


Client file


Training and handover


Non-complete covenants

Business profile:

This well-established, family run business has been operating since 1972 with one of the best names in the country and is a specialist wholesale supplier of a wide range of exclusive Hosiery, tights, stockings and socks.

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 clientele to the new owner.

Fast, friendly service, dedication to total customer satisfaction and painstaking care and attention to detail are what keep this wholesaler’s accounts and customers returning time after time and also what attracts both new referrals and clientele to them on a daily basis.

This wholesale business supplies to wholesalers and retailers, having built up an excellent reputation for quality and has one of the most extensive ranges of hosiery in the United Kingdom. The business has established an extensive client base of loyal customers that include many wholesalers, stores and manufacturers.

The business prides itself on its ability to source quality hosiery at reasonable prices.

The operation is very efficiently run and waste is kept at a minimum. The business offers an excellent service with next day delivery on all stocked items.

The business has very little direct competition as its product lines consist mainly of its unique range of hosiery products. Furthermore, these products are a very stable product range as they are not price sensitive. The business is very simply run and is being operated from a showroom by the owner.

The business could be easily relocated and staff only requires simple training, enabling the business to be operational again within a very short time period.

This is a rare opportunity to acquire an established business wholesaling the best selection of United Kingdom and imported tights, stockings, gloves and socks, dealing with manufactures and world wide importers. The hours are easy, opening hours are from 09.00 am to 5.00 pm Monday to Thursday, 09.00- 12.30 Fridays and the customer base is very easy to deal with.
The business has very little direct competition as its product lines consist mainly of its unique range of own brand products. Furthermore, is a very stable product range as they are not price sensitive.

The business is very simply run and is operated from a showroom of about 2,000 square feet with a commission only sales rep.

The business can be easily relocated and the owner will provide all training.
There are many further areas in which the business could be expanded. An instant increase in business could be obtained by entering the underwear and lingerie market as many of the customers are in this sector.
Financial profile:
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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