* Included in Asking Price
Own Brand Soft Furnishings UK Manufacturer, Wholesaler & Retail
Location West Midlands
Asking Price £ 1,100,000
This young and dynamic UK-based manufacturing business has quickly established itself in the UK soft furnishings market, for providing highly competitive priced products to its customers, in many cases ex-stock. Not only does the company manufacture and supply its own range of quality branded goods, it also supplies many complimentary goods, both bespoke and standard in design.
Now firmly established, this family run business offers a range of high quality products that are manufactured in the UK and sold under the company’s suite of brand labels to a host of leading High Street multiples. The product range is growing as the business evolves and includes the manufacture and supply of:
• Draught Excluders
• Seat/bench Pads
• Pet Beds
These items are sold under several different brand names of the company (which are in the process of being trademarked).
The business has a very impressive client list that spans the whole of the UK. Typically the business sells to many of the large High Street multiples, its impressive list of blue chip customers continues to grow as demand for UK manufactured goods continues to surge.
In addition to selling on a wholesale basis the company also retails its products via the Internet, both directly and via major shopping portals such as Amazon, e-Bay and Play. (For accounting purposes the business trades as two separate and non-conflicting companies- split on a B2B and B2C basis).
The success of the business is down to the fact that it has complete control of the supply chain and the margins. Therefore it can deal direct to ensure prompt service and consistent delivery. Client satisfaction is paramount and the company prides itself on its ability to meet client pricing and fulfilment levels each and every time.
|Facilities:||The business operates from modern secure leasehold premises that are very accessible. Annual rent is circa £26,000 p.a. Rates are circa £20,000p.a. We are advised the current lease is a 5 year lease with an option to purchase the site. Premises comprise circa 15,000 square feet of modern production, warehousing and office facilities in total all on one site. 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:||The business does very little in the way of marketing and gets most of its work via referrals, recommendations and repeat business. It does have its own informative and interactive websites as well as featuring on some sponsored links via Amazon and the like, however it could certainly benefit from a more strategic medium/long term marketing plan.|
|Growth Potential:||The business is currently enjoying rapid growth due to the fact it offers excellent manufacturing and supply chain facilities. Its customer base is increasing with several new “household” High Street names looking to secure further supply agreements at time of going to market. This company has continued to grow despite the demanding current economic climate and market trends and customer demand suggest this trend will continue moving forward.
Ongoing growth will be fuelled further via:
• Further development of the “own brand” product ranges and label
• Expansion of other goods and services
• Development of the online presence via SEO etc.
• Development of the manufacture and/or importation of complimentary products
• Additional sales people/agents to give more market penetration
A new owner with sound management experience will provide new levels of business acumen, impetus and energy and possibly a wider range of products to drive the Company forward, thus exploiting the many new business opportunities available.|
|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 believe the business now needs a new injection of energy and business acumen to maximise|
Seller Reference #Ik269
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