business for sale

Internationally Renowned Retailer of King-Size Apparel for Men Very well sited in busy High Street l

Businesses for Sale

Sale Memorandum

Internationally Renowned Retailer of King-Size Apparel for Men

Very well sited in busy High Street location


Ref.AB080

Location London

Asking Price £ 140,000

Confidential offered for sale

Asking price £140,000 +SAV

Asking price includes:

Well established retail outlet for superb range of men’s King Size brand fashions

The most extensive stocked range of sizes and styles in the UK

Respected National & International business

Excellent opportunity for further growth

Outstanding Leasehold premises

Training and handover
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:

Customers visit the shop from the locality, nationally and internationally, since this business’s reputation extends far and wide, maintaining goodwill and return custom for many years often regardless of where in the world a customer relocates to.

The chic selection of products on offer by this well subscribed to and popular shop for the larger or taller man, represents excellent value for money maintaining higher added value margins for its owner.

The stated aim of this business is to provide simple, high quality, classic designs to complement the wearer’s personality.

Established in 1946 and a London landmark business, the company has been under the same family ownership since inception and has built up an enviable reputation for one of the most selective, extensive and successful ranges of distinctive and popular King-size fashions in the UK.

The product range includes:

• Knitwear
• Evening wear
• Day wear
• Accessories

The business has established an extensive customer base of loyal customers and is very efficiently run. The stated aim of this popular retail business is to provide simple, high quality, classic designer brands to complement the wearer’s personality.

Customer Service:

A high standard of customer service is a main concern for this business and has enhanced the excellent reputation the business has developed among its customer community. Customers are a top priority and staff are always happy to help, offering honest and helpful advice.

Key Strengths:

The company strength is founded on its consistency of retaining a high level of repeat business. Very well known, the store is smart and eye-catching and provides attractive premises for the business.

It is ideally situated on a busy and easily accessible trading position and has also become a shopping destination for visitors to London and further a-field. Always well stocked with a large variety of quality merchandise the store is very well known for its range of products concentrating on its proven range of merchandise that is attractive to local buyers and visitors alike.

The company is proud of its excellent reputation and dedicated customer care, which are a result of the company’s skilled committed staff, and quality control over its products and services.
Premises:

The extensively glass double fronted premises is located in an established high street position in a thriving, lively and friendly community. The showroom is in a highly visible position and has excellent window displays that welcome customers in to browse. The store is approximately 1,000 square feet with showroom space, useful storage room and administration office. The premises are secure with in-store alarm installed.

Business hours are Monday to Saturday, 9.00am to 6.00pm.

Less than 2 years remain on the current lease with rent payable of £20,000 per annum and rates of £8,000.
Advertising and Marketing:

In combination with and the support of the comprehensive and attractive website, word of mouth recommendation has been successfully used to advertise and market this business. There is vast scope to generate further income by expanding the role of the brand and other more aggressive methods of advertising and promotion.
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.

Sales revenue is in excess of £300,000 per annum, with a net profit exceeding £55,000, stock levels are generally maintained at a value circa £115,000.
Management and Staff:

The vendor is responsible for the day-to-day management of the business, supported by one loyal Store Manager and two part time staff members.
Support and Training:

The vendor is available for a full business familiarisation and training period
Reason for Sale:

After many years of happy and successful trading the vendor has decided the time is right to retire and enjoy other areas of interest.
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

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