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Fri, Jan 27 2023 05:24:15 AM  |  /

Well Known Retailer of made-to-measure Raincoats, Coats & Hats to UK customers

Business Id:000817     |    Reference: IC017
Leasehold Price:
£200,000.00
Business Description

The 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 growth

Current 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 opportunities

This 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.

Next steps: 

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

 
Business Information
Turnover:£180,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Clothes manufacturing companies
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
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Business Profile
Equipment: na
Key strengths: na
Key Opportunities: na
Financial performance: na
Asking Price: 200000
Advertising and Marketing: na
Growth and Expansion: na
Premises: na
Business Hours: na
Employees: na
Support and Training: na

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