Wholesaler and Supplier of Baby & Children’s Hosiery & Clothing
Ref.AB055 Location West SussexAsking Price £560,000Confidential 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:
Reputation for honesty, reliability and responsibility
Prominently situated in a highly accessible location
Successful range of specialised products
Circa 2,000 square foot warehouse area
Sales of circa £ 620,000 per annum
Trusted and respected name 1987
Circa 500 square foot office area
Excellent opportunity to grow
All fixtures and fittings
Training and handover
Established client base
Excellent premises
Company Website
Goodwill | Business profile: | This business was founded in 1987 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit, originally started as a supplier to a large high street retailer and has grown since to become a significant enterprise with a countrywide reputation among independent and large high street retailers for the quality of its products and service, its honesty and reliability.
The business offers a comprehensive range of baby & children’s hosiery and clothing products covering every level of affordability; high premium and economy, many with uniquely designed features that create a clear difference between this business’s products and competitor’s but each designed to meet the retail customer’s needs for productivity, delivery and quality.
The business operates from a prime location in West Sussex and specialises in two key business areas; the supply of what the business describes as an essential collection of children's clothes for any parent to add to their child's wardrobe.
The collection is based on a quality colourful range of clothes for Girls and Boys, mostly in 100% Cotton and includes:
•Separates.
•Swimwear
•Pyjamas
•Baby Gift “Bundles”
•Accessories
Plus also what the business describes as essential socks & tights for children. With constantly changing fashions the business provide a parent with a great choice of socks and tights for any coming season.
With socks and tights aimed at all ages and also with a sense of fun.
The collection includes:
•Special Occasion Lace Socks & Tights.
•Quality Everyday Socks & Tights for both School and Play.
•Colourful Fun Socks & Tights
•Baby Booties
For 19 years, the business has offered customers a comprehensive range of children’s hosiery and clothing products and has a loyal and long term customer base, some of whom have relations with the business extending as far back as the first days of production.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that the collection is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
With the benefit of comprehensive manufacturer relationships, the highest quality through key business areas has been maintained and conforms to British and European Standards where appropriate and to stringent strength and packaging test standards. The business has also maintained significant control over costs in a demanding market.
Customer Service:
The business manages several hundred customers ranging from the large high street discount multiples to smaller independent retailers and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspects of customer management and satisfaction considered by the business is honesty from which comes customer confidence and speed of supply, which combined are responsible for the business retaining many customers and the reputation for which has led to the acquisition of new customers.
The effectiveness of customer delivery is managed by customer liaison personnel who act as the link between customer orders, concerns and requirements and the business’s storage and supply capacity, thus ensuring that there is a balance of priorities between the customer and the business.
Key Strengths:
The business is an autonomous organisation where the business owners have, over time developed and nurtured an operational team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and the reputation of the business’s two brands, not contingent upon the continuing presence of the vendor.
The business is well established and profitable, with a strong, large and growing customer base managed by a comprehensive and sophisticated blend of management expertise and technology. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions, excellent quality work, ability to deliver multiple product orders, cost control and highly skilled, experienced staff. All of which is driven by the strong culture of innovation within the business.
Technology:
Extensive administrative and specific technical systems have been set up to provide the technology required for a modern and efficient business. There is also specialist technology including Sage accounting software.
Growth and Expansion:
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Business operations are not at maximum capacity and there remains considerable scope for an increase in operations, turnover and profit simply by gearing operations in line with current market demand.
The business is constantly innovating new products and has at this time new product revenue streams to be developed into significant contributors to turnover.
Key Opportunities:
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for products combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with new products, operations capacity and market forecasts which are showing early trends for significant growth and development. | Premises:
The business is located in an easily accessible area in West Sussex with its many key road transport arteries and operates from a new building circa 2,500 square feet area including warehouse, office storage and administrative offices.
The vendor owns the freehold of the property, which could be made available by way of separate negotiation. | <>Advertising and Marketing:
The business has used trade advertising in the past but has found greatest success through attendance at trade shows and exhibitions, where a significant number of orders and enquiries are taken. Direct marketing of brochures to new and existing retail customers, highlighting new and existing products has supported this activity.
Sales is achieved by a Team of six Commission Agents with the Principals handling Key House Accounts.
Product Design is both In-House and utilising the services of Freelance Designers.
The company has a comprehensive website detailing products and services and a history of the business and its successes, there is little doubt that turnover and profits will increase through development of this medium, as it consolidates even further the business’s reputation nationally and opens the business to direct sales. | | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, enjoys a strong order Book, high gross and high net profit and has shown consistent growth over 19 years trading.
Sales revenue is circa £620,000 per annum and our clients feel that with a commitment to the opportunities illustrated, the business could dramatically increase its revenues. | Employees:
The business employs 2 people in total with 1x administrative and 1x accounting who along with the vendors are responsible for day to day operations. | Support and Training:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | Reason for Sale:
The business is for sale as result of the vendors’ wish to retire. | | 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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