Well-Established Official Retailer & Wholesaler of Quality School Wear & Accessories
Ref.AB031 Location London, East LondonAsking Price £250,000Confidential 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 in a Prime High Street location
Own label garments specifically made in the UK
A long and respected reputation in the business
Well-presented premises in excellent condition
Trusted and respected name since 1974
Reputation for quality and reliability
Many years of successful operation
Sales that are growing year on year
Excellent supplier partnerships
Complete Turnkey Operation
Established customer base
Excellent profit margins
All fixtures and fittings
Training and handover
Excellent reputation
Leasehold property
Company Website
Security System
Advertising
Copyright
Goodwill | Business profile: | Established in 1974, this thriving direct to school supplier provides an excellent service to schools, and for parents. The business specializes in the retail and wholesale of premium quality boys and girls school wear , sportswear & accessories.
The business meets a growing demand for the provision of school wear which is made to the highest standard at affordable prices. This competitive advantage has ensured a high repeat client base.
School and sports wear are the core business, and this pleasant, highly regarded store guarantees year round availability of uniforms, and a fast turnaround on embroidery orders by an established contract clothing decorator. The business owns the copyrights of the school crests.
The business supplies a range of quality school wear merchandise in a wide variety of sizes, designed to look good and to withstand everyday use in the school environment. It ensures continuity of colour and fabric weight. This enables the client to have total confidence in the products and ensures regular repeat business.
Staff have extensive experience and advise on school wear for thirty local schools, plus giving advice to parents, understanding their needs and offering a friendly and courteous service.
The business has invested in technology and employs a computerized administration system that is used for stock control. Orders can also be placed by fax, to be collected at a time to suit the customer.
Key assets are found in the business’s long-established relationships, well-defined client base with high repeat sales.
This is a perfect opportunity for first time buyer wanting to buy an established, profitable business with opportunity for expansion, or for a company operating in the same business wishing to expand by obtaining the strong client base and knowledgeable employees.
Customer Service:
The business offers high quality customer care from friendly staff, cultivating a warm and welcoming atmosphere in which clients can browse the merchandise on display.
This Company is committed to supplying excellent products and delivering first class customer service. The staff ensures a personal and individual service and take care of children’s individual needs. There is a wide range of sizing available, and a special ordering service taking care to source hard to find articles of clothing.
Key Strengths:
This successful business has a large database of hundreds of happy and loyal customers. The high quality garments supplied by the business are teamed with an exceptional service, ensuring that customers return time and time again. Staffs reflect these standards and are happy to discuss any customer requirements.
Key Opportunities:
This is an excellent opportunity in a prominent London location, sales continue to grow and there is great potential for someone prepared to put in the time to make this highly regarded business even better, building on the existing base of this company.
With a strong demand for products there is scope to increase the leisure and promotional wear, a new owner would contribute fresh ideas and outside influence to build on an excellent base. | Premises:
Just 20 minutes from central London, by tube, this fully fitted shop is nicely presented with fitted carpet, three fitting rooms, and window lights to display the merchandise. There are electric shutters on the windows to provide security and the store also has a Redcare alarm system and CCTV. The premises are leasehold with 15 years remaining at a current rate of £30,000 per annum.
There is the added facility of a basement, an office, a store and kitchen and toilet. Outside there is a tarmac forecourt, and plenty of on street parking. This business is situated in a prominent high street corner position, which is always busy with pedestrians and has a high volume of passing traffic.
| <>Advertising and Marketing:
The business advertises its services through school sponsorship, yellow pages, local community press, and leaflets and brochures.
The high profitability of the business is mainly as a result of word of mouth recommendations, bearing strong testimony to the high reputation the business enjoys, and the extent to which its brand name is known.
The business has a professionally made comprehensive website and there is no doubt that turnover and profits could increase using this additional medium. The site could be developed with secure on line ordering facilities, targeting a huge untapped market.
| | | 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 current turnover is in excess of £250,000 per annum. | The experienced and friendly staff are always available to offer help & guidance to customers.
| | Reason for SaleAfter many happy, prosperous years in the business, the owner now feels he is ready to retire, full business familiarisation, training and handover will be provided.
| | 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 |
|
