Property

Well Established Workwear Company

West Midlands - Confidential Sale

Full Description:

Unique Business Broker is pleased to be working with the owners of a market leading Workwear Reseller based in Central England, on the sale of the business.

Operating for over 13 years and successfully steering the business through the Covid shutdown-months - winning substantial new business putting the business in robust health with a great future.

As we start to exit from this challenging period, the company is expecting a substantial upturn in their pre-Covid core activities for the supply of numerous clothing and footwear products. The new business and return of traditional sales will put the business on course to achieve long term sales growth.

This opportunity will suit someone who has the energy and wants to run and be fully involved in their own business or as a bolt-on to an existing clothing manufacturer or workwear reseller either online or and shop based.

If you are looking for a financial investment with little involvement, then this is probably a good opportunity for you.

After 13 years of building the business, the owner is now looking to retire and have set the price accordingly. It represents an extremely attractive opportunity to acquire an established business that benefits from having an excellent reputation, a large client base, and enjoys plenty of repeat business.

Priced to sell at £579,950 for the business, excluding stock and assumes an effective zero balance on cash, creditors, and debtors.

The Opportunity:

  1. Central England based,
  2. Forecast T/0 for the period ending March 2021: Circa £1.9m.
  3. Gross Margin: 38%
  4. Client base: Sales are made directly and indirectly to NHS procurement, major high-street, international, and blue-chip companies in sectors such as the public sector, TV production, fast-food chain restaurants, world-class hotels, cleaning & maintenance markets etc.
  5. Owners are willing to make themselves available to a new owner to help safeguard the continuity and ensure an easy transition.

Probably the most attractive workwear business we have worked with, this business is a fantastic acquisition opportunity for a like-minded company to acquire.

Please call or email for further details and to arrange a meeting with our client.

Key Features:

  • Established Business
  • Accounts Available
  • Attractive Business
  • Company for Sale
  • Open Plan Trading Area
  • Fully Fitted
  • Town Centre Location
  • Offer Invited

Tenure, Rent and Rates:

  • Tenure: Leasehold
  • Rent: £76,200
  • Rates: Included

Key Financials:

  • Asking Price: £579,950
  • Annual Turnover: £1,900,000
  • Annual Net Profit: £230,000
Reference: UNI851
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Speak to us confidentally call 0333 006 9460 or email us at info@uniquebusinessbroker.co.uk

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