||Employees||5 full, 1 part
* Included in Asking Price
UK Manufacturer of Quality Leather Bags
Location East Midlands/Lincs
Asking Price: O.I.R.O. £30,000
Asking price includes:
Growing UK manufacturing business
Current sales turnover circa £120,000p.a.
Net Assets circa £15,000
All plant and equipment
“High Street” major blue chip customer base
Ideal leasehold workshops
Circa 1,300 square feet facility
Portfolio of “Premium Label” global customers
Extensive range of UK manufactured leather products
This highly respected UK-based manufacturing business supplies a high quality range of leather bags, luggage and accessories to its diverse and global customer base. Many of these clients are well known, blue chip premium brands and retailers who demand the highest quality workmanship and design, whether it is for standard or bespoke.
Established in 1995, this business offers a range of high quality products that are manufactured in the UK using full grain leather. Only the best hides, raw materials and hardware are used to manufacture these high quality products.
Services include off the shelf designs as well as bespoke OEM design and manufacture. The product range is growing as the business evolves and includes the manufacture and supply of:
• Weekend Bags
• Magazine Bags
• Boston Bags
• Gladstone Bags
• Camera Bags
• Gun Slips & Cartridge Bags
• Truffle Bags
The business has a very impressive retail client list that spans the UK and overseas. It has circa a dozen regular and loyal customers (all instantly recognisable) with another 8 or 9 customers in development stage.
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 fulfilment levels each and every time. The company has the ability to produce short production runs with quick turnaround which gives it a real edge in the market.
The business currently operates from leasehold workshops where goods are manufactured and stock is distributed. The site is well equipped, secure and accessible.
The high quality product’s this business offers gives its clients a distinct competitive advantage. Many of the products supplied are exclusive products, giving the business a substantial advantage within the market.
|Facilities:||The business operates from ideal secure leasehold premises located on a well-known industrial estate that is very accessible. Annual rent is circa £6,000 p.a. Business benefits from small business relief and current rates are circa £120p.a. We are advised the current lease/license is an annual one. Premises comprise circa 1,300 square feet of workshop. The current facility has spare capacity based on current trading levels. 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 basic yet informative websites, however it could certainly benefit from a more strategic medium/long term marketing plan.|
|Growth Potential:||The business is currently enjoying strong growth due to the fact it offers excellent manufacturing and supply chain facilities. Its customer base is increasing with several new High Street names looking to develop new supply agreements at time of going to market. Some of these customers offer potentially large volume opportunities should a new owner wish to open itself up to that side of the market.
This company has grown despite the demanding current economic climate and market trends and customer demand suggest this trend will continue moving forward.
Other areas for growth could be achieved by developing further new customers in the appropriate sectors, increase the range sold to existing customers, and perhaps more importantly, to develop and sell a range of own label pieces, which carry a significantly higher profit margin - this only requires modest stock investment and could be via a simple online sales channel.|
|Training/Support:||The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner. This should be a relatively simple process as the business already has in place a skilled and experienced team, both commercial and manufacturing.|
|Sale Reason:||The vendor believe the business now needs a new injection of energy and business acumen to maximise|
Seller Reference #II004
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