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BUSINESS REFERENCE : AB029 / RightBiz IMPORTER AND DISTRIBUTOR OF QUALITY LUGGAGE AND TRAVEL GOODS RETAIL, WHOLESALE & CASH & CARRY | | | | | | Importer and Distributor of Quality Luggage and Travel goods Retail, Wholesale & Cash & Carry Ref. no : AB029 Confidentially offered for sale Location Greater London Asking price £1,200,000 | | | BUSINESS LOCATION: | Undisclosed London UNITED KINGDOM | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £1200000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The business offered for sale is a well-established importer, distributor and wholesaler of all types of luggage and travel goods.
Established for over twenty five years, this business has many years of expertise in the luggage industry covering all three sectors, retail, wholesale, and cash & carry. Sourcing and importing branded and well-put together collections from the Far East under several registered brand names.
The business supplies quality goods covering everything from wheeled expanding luggage, suitcase sets, soft bags, overnight bags, flight bags, travel- aids, shopping bags, shopping trolleys, backpacks, fashion bags and purses, computer/business bags and luggage accessories.
The business maintains an excellent and direct relationship with the Far Eastern factories specialising in the import and distribution of quality luggage and trolley cases. The business prides itself on sourcing new and exciting product lines.
Having recently branched out into more areas of the travel goods market the company are now importing many hundreds of different travel products, allowing them to target a much broader and more diverse customer base.
Through the network of manufacturers the business can customize their range to provide quality items to fulfil customer's exact requirements. All of the items are manufactured to a highly detailed specification with full trace-ability of items throughout the whole process, which is reflected in the finished product.
This business has an excellent reputation for their commitment to providing a personal, thorough, efficient and friendly service with every effort made in order to satisfy the customer's requirements.
Customer Service
All company policies and procedures have been reviewed in order to guarantee the business provides a first class level of service and ensures customer satisfaction.
Company philosophy is to provide a first class service, with high quality competitively priced products.
Key Strengths:
As leaders in fashion luggage and accessories, market this business is innovative, with unique designs and the ability to react quickly to market requirements.
Specialists in the import and distribution of quality, high value products from around the world.
The business maintains a good office and distribution set up, and source and design new, exciting product lines which make an instant impact, with a range of stylish coordinating products in seasonal and fashion colours.
The key strengths of this business come from the strong unique style of its brand, the many retail luggage shops who hold exclusive territories, the distribution, manufacturing partnership and management skill, together with the capability and flexibility for further expansion potential.
Providing outstanding value in the market place. The aim is to provide unequalled terms of service and quality, but still at unbeatable prices.
Key Opportunities:
There is an excellent opportunity to build on the existing base of this company, particularly on the export side to Europe.
With a strong demand for products and capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent customer base.
The business market share and continuous product innovation place this company ahead in the marketplace, and creates an energized environment of challenge.
Going forward, this business aims to be the number one importer and distributor of travel goods. The way this will be achieved is to continue to provide outstanding quality products at unbeatable prices, backed with excellent service.
Quality Assurance:
Quality comes high on the list of these businesses priorities; the mission of the business is to provide customers with high "value for money" quality merchandise.
Advertising and Marketing:
The company produce an excellent descriptive catalogue and are targeting different retail sectors.
The business advertises its services through the use of a user friendly, well designed web site, which has an online ordering facility for the most recent catalogue and a description of the company's products.
Advertising has included yellow pages, direct sales agents, leaflets and brochures with a high proportion of the business’s revenue being due to strong word of mouth recommendation, bearing testimony to the excellent reputation it has achieved.
Premises:
The premises incorporate an excellent newly refurbished showroom area and offices, and have the possibility of further expansion in the future. The site is very secure with excellent signage and with the significant benefit of a large self-contained car park and is well located for access to major road and motorway networks.
The premises are leasehold at a current rate of £25,000 per annum. The business also rents space in two separate warehouses, only paying for storage space as required.
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.
Asking price £1,200,000 includes Sales of Circa £4 million per annum with a Net profit in excess of £400,000 pre tax
Employees:
In addition to the vendor the company currently has a staff complement of three.
Reason for Sale:
Our client is placing this business on the market as he has other business interests that are all proving to be very time consuming.
Support and Training:
The owner will provide full business familiarisation, training and handover | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AB029 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
