Business Summary:
Established for over 35 years as a trusted niche, premium British apparel brand for those seeking high quality & perfectly fitted raincoats throughout the UK with circa 10% international customers, and is an ideal platform for diversification into other outerwear apparel lines.Asking Price: OIRO £200,000 inc. SAV2023 Turnover: circa £180,000 (Forecast)2023 EBIT: circa £50,000 (Forecast)Current Stock assets circa £50,000Ref No: IC017Location: OxfordshireThe Business: This Partnership business is well established as a specialised made to measure manufacturer & retailer of high-end raincoats, overcoats and accessories to customers throughout the UK. It was founded in 1985 and was acquired by the current owners in 2001 and in that time have consolidated its reputation among its customers through its successful UK wide roadshow, where it takes orders and makes sales by its presence at regional events & shows in Towns & Cities throughout the country.At these events, customers take advantage of a fitting where they can ensure that the coat they order will be a perfect fit.They have also introduced a functional but under-exploited channel for sales through its website which allows customers to order a made to measure coat and also retails accessories such as hats, scarves, detachable linings and clearance stock.The current owners now strongly believe that the business is well placed to take advantage of its new form and structure.Much has been done by the current owners to consolidate a reliable & sustainable UK small manufacturer & retailer of coats & hats; it is perfectly positioned for growthCurrent marketing tools include attendance at events & shows throughout the UK where circa 60% of sales are made and the business’ website which is responsible for the remaining 15% with workshop visits, telephone mail orders accounting for the final 25%.The business does not currently engage in social media marketing and has no presence through larger mainstream channels such as Ebay and Amazon.Current staff include three full time seamstresses who ensure that all orders are met in a timely way.The business has a remarkably stable trading history with demand challenging supply on an almost constant basis, making the business a perfect platform to introduce new products and new sales channels.Key Considerations• Discretely known and respected UK retail brand• Small team capable of business augmentation• Excellent reputation and trading history• Excellent platform for diversification• Excellent stock and inventory controls• Numerous expansion opportunitiesThis business is a real gem and deserves a new owner willing and able to ensure its future as a small British manufactured brand.Reason for sale:After more than 20 happy & successful years the current owners have decided that it is the right time to retire. Financials:On the basis that the Business is being sold on a zero cash-zero debt basis, full and up to date accounts are available upon request.Asking Price:Offers in the region of £200,000 including stock at valuation are invited for 100% of all the interest of the company. There will be a £ for £ adjustment to the final sale price to reflect any upward/downward movement away from the target net asset price.
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