||Employees||2 full, 1 part
* Included in Asking Price
Own Brand UK Shoe Laces and Shoe Repair Materials Supplier/Wholesaler
Asking Price: £275,000 + Stock at valuation
Asking price includes:
Reputable company supplying high quality product lines
Well-established business with extensive client base (circa 400)
Turnover circa £363,000 p.a.
Gross Profits circa £174,000p.a.
Adjusted EBITDA circa £102,000 p.a.
Ideal leasehold premises
“Own Brand” leading label
Over 20 years successful trading
Extensive range of products
Excellent credit rating
Training and handover
This very well-known and established business has been successfully trading for 20 years. In that time it has built up a sterling reputation in the shoe industry as a leading supplier of high quality shoe laces, shoe repair materials and shoe accessories to shoe retailers and shoe repair companies throughout the UK.
Now firmly established this family run business offers a range of high quality products that are manufactured in both the UK and Europe and sold under the company’s own brand label, plus selling additional leading manufacturers brands where appropriate.
The business has a very impressive client list that spans the whole of the UK. Typically the business sells to independent retailers so is not reliant on any one customer. Whilst it does not sell itself online it does supply several companies whom themselves market and sell the company’s products via the internet. The current client base consists of some 400 concerns all of which are serviced by the business direct to ensure prompt service and consistent delivery. Client satisfaction is paramount and the company prides itself on its ability to meet client fulfilment levels each and every time.
The business currently operates from ideal leasehold premises where stock is held. The site is secure and modern. Business could easily be relocated if need be.
Goods have traditionally been purchased or commissioned to be made by British companies under their own brand name, which is synonymous with quality. The business also sources several of its leather items (be it laces, soles etc.) from Spain and Italy such is the quality they and their customers require.
This business’s high quality and branded product offering gives its clients a distinct competitive advantage. The company provides the majority of its products from stock and offers a most efficient and effective service, with next day delivery in most cases. Many of the products supplied are exclusive products, giving the business a substantial advantage within the market.
|Facilities:||The business operates from modern secure leasehold premises. Annual rent is circa £10,000 p.a. Rates are circa £2,120 p.a. Premises comprise circa 1,500 square feet of modern warehousing facilities. The current facility has spare capacity based on current trading levels. There is ample parking. The business could be easily be relocated if need be.|
|Competition:||A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat customers (circa 400 regulars) while continuing to attract new referrals.
The business currently has no internet presence or website and is only just in the process of putting its own new brochure together. It does no traditional forms of advertising or marketing and could certainly benefit from more activity in this area to strengthen the brand and the company’s exposure.|
|Growth Potential:||Whilst the company has consistently been achieving turnover circa £350,000 p.a. even through recent tough economic trading conditions, it is aware there are further opportunities to develop the business. These include
• Further development of the “own brand” product range and label.
• Expansion of other goods and services
• Development of an online presence and company website (none to date)
• Development of the importation of products
• Additional sales people/agents to give more market penetration in certain geographical regions both within the UK and overseas.
There are several excellent opportunities to increase the level of business. The present owners consider that incremental business could be achieved, not only with existing customers but also by the development of new markets by expanding the sales force.
A new owner with sound management experience will provide enthusiasm, impetus and energy and possibly a wider range of products to drive the Company forward thus exploiting potential new business.|
|Training/Support:||The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner. Both or either of them would also be prepared to stay on for an extended period of time, should a new owner so require, subject to negotiation.|
|Sale Reason:||The vendors are planning their exit strategy.|
Seller Reference #AD034
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