BUSINESS DETAILS
Location:
United Kingdom, Relocatable,
Sector:
Manufacturing, Clothing & Footwear manufacturers
Asking price:
£2,000,000
Sales revenue:
£1,200,000
Net profit:
Undisclosed
Years established:
11
Number of employees:
200
OTHER DETAILS
Reason for selling:
Due to retirement and his wish to spend more time on charity work our client has now decided to place the business for sale.
Support and training:
The owner is happy to provide full business familiarisation, training and handover for a period of time to be negotiated prior to the sale
Business is relocatable:
Yes
Business is home-based:
No
BUSINESS DESCRIPTION
Manufacture & Supply of Quality, Fully Fashioned and Cut & Sew Knitwear
Ref.JD002
Location Re Locatable
Asking Price £ 2,000,000
This business is an established garment, marketing and manufacturing company producing fully fashioned contemporary garments and cut and sew knitwear in 5,7,10 and 12 gg, whose targeted buyers are nationwide high street brand retailers and fashion conscious women of all ages, this very successful company provides a strong presence on UK high streets.
Continued investment in emerging markets has enabled the business to build a wholly owned production plant in Europe. The plant services a blue chip client base throughout the UK and Europe.
The business has built up an amazing portfolio of clients, with such prestigious customers as: George (ASDA), Primark, Bhs, Next, Etam New Look and Mackays and also cut, make and trim (CMT) production (knit make up) for la Redoute and other continental customers.
A private company established in 1999, the business now has 200 employees who pride themselves on supplying customers with a quick response to enquiries, and providing quality garments at commercial prices. The knitwear operation has capacity of 100,000 garments per month and supplies a flexible range of quality fully fashioned knitwear plus cut and sew knitwear. The business employs a skilled workforce and the factory is ideally placed to provide the quality and rapid turnaround of today's knitwear market, but without the lengthy shipping time normally associated with far-east suppliers.
Located in one of the newest democracies in Europe the business is eagerly embracing free market economics. The company has invested heavily in this emerging market.
The market for 'off the peg' and bespoke knitwear clothing is increasing and there is an excellent opportunity to build on the existing client base of this company. The company offers an up and running complete concept to any larger company wanting to expand, and would complement any high profile company with their products, which would work very well together with other top end of the market fashion items.
This business has endless potential to increase its turnover/profit by doubling the present production capacity, thereby setting up a system capable of responding immediately to production for new customers and attracting customers for whom fast turn-around, quality and flexibility are even more important than price. Increased productivity would allow for expansion into niche markets. Early interest is essential to fully appreciate the scope this business has to offer. A new owner would contribute fresh ideas and energy to expand on this excellent foundation