Jersey Fabric Manufacturers | | Undisclosed Relocatable | | Jersey Fabric Manufacturers Confidentially offered for sale Ref No: JE012 Location: Leicestershire Leasehold Premises Asking price: £145,000 plus SAV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 14140
ADVERT IMPRESSIONS : 225,550 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £145,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established in 2006, this company has traded on its reputation for maintaining a consistent quality of manufactured fabric through a programme of high maintenance of its machines. It’s Directors hold a great knowledge of the fabic manufacturing industry and would be very willing to help the new owner(s) to establish their trading practice in any way they could.
Equipment:
The company owns 5 very well maintained knitting machines with a capacity of approximately 10 tons per week (information sourced from the Vendors)
Customer Service:
The company sources its work from a client base which knows and respects the company’s policy for highly consistent quality, derived largely from their maintenance programme. Much more capacity could be sourced by a new owner willing to invest more energy in building the client base through personal contact, a factor that has been restricted due to some health issues of the current owner.
Growth and Expansion:
A good opportunity exists within the framework of this business to greatly increase its turnover and profitability, by the application of fresh energy and a more direct contact with the marketplace and the introduction of more marketing outreach.
Employees:
The business employs two full time and one part time member of staff, all of which are Directors of the business.
Advertising and Marketing:
No forms of advertising or marketing are currently undertaken by the owners, and this again points to the opportunities available to a new owner.
Premises:
The premises consist of a leasehold Factory/Office within a larger Factory building, sublet into smaller units. The property has to renew its lease on a yearly agreement.
Current rent paid is approx. £5,400 per annum, with Rates paid being approx. £2,200 p.a.
Business Hours:
The company works whatever hours necessary to fulfil its business commitments.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Vendor states 2010 turnover of circa £ 575,000
Vendor states 2010 gross profit of circa £ 108,000
Vendor states 2010 nett profit of circa £ 43,000
Assessed asset value of circa £ 75,000
Reason for Sale:
Retirement
Support and Training
The Managing Director would be happy to stay on to hand over and help the new owner in any way he could.
| | | | | | FOR SALE | | | | | REFERENCE: | JE012 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
