Description
• Well-known and established leather goods distributor – one of the UK’s largest
• Approximately 700 live wholesale accounts
• Specialist in low price, high quality accessories
• Low staff / low overhead operation
• Easily re-locatable, or can remain in current premises on the UK South coast
• Currently no on-line business; clear opportunity for substantial growth
This wholesale leather accessories business is one of the UK’s largest, with approx. 700 active wholesale accounts accounting for £1.2mil in annual turnover. The business imports products mostly from low cost overseas suppliers, and has a solid supply network of quality goods producers anxious to supply designs specified by the business. The business focuses on the budget end of the market, distributing quality goods with a low retail price tag- most items retail for less than £10 each. Belts, wallets, and purses – both mens and ladies- are the largest market for the company, but it has a growing business in ladies hand bags and small luggage pieces. The company operates with a minimum of staff: the owner plus three full-time staff (one operating in the warehouse), and one part-time employee. As such the business could be easily moved to a location of the buyer’s choice, or absorbed into a larger business with staff already in place, where the acquisition would be quickly accretive with £450,000 in gross profit. There is also considerable scope for growth in the business, most notably by establishing an internet-based sales presence, but there are many other avenues for growth. The business is for sale due to the owners impending retirement, with Transworld as exclusive agent.
Prospective buyers are encouraged to contact Michael Ziff at Transworld for further information on 07452 960 217, or by email to mziff@Tworld.com...
Listing Details
- Listing Number: 66661-84598
- Location: Withheld, England
- Price: 1,300,000 GBP
- Down Payment: 0 GBP
- Sellers Discretionary Earnings: 350,000 GBP
- Category: Services
- Inventory: 294,000 GBP
- FF&E: 0 GBP
- Employees: 4
- Years Owned: 6
- Reason for Selling: Retirement
