Established T M Clothing Business in Petersfield Hampshire for Sale, Owner Retiring
Petersfield, Hampshire
- Status
FOR SALE
- Date Submitted:
31/07/23
- Advert ID
517378
- Reference
B07445 / Rightbiz
- Call Agent:
- Asking Price: £135,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well established clothing business for sale
BusinessPlease quote reference B07445
CoGoGo are delighted to welcome to the market T M Clothing, a highly rated clothing business.
T M Clothing was first established by our client in 2008, building up an excellent reputation and regular client base.
The business has now come to the open market due to our clients desire to retire. The sale of the business includes the stock and equipment (currently IRO £45,000 for stock and £108,000 for equipment).
T M Clothing is one of the countries leading supply of logo uniforms, work clothing, office attire and branded giftware companies. The business is a preferred supplier of many institutions including the United Nations, The Goodwood Estate, National Express with many blue chip companies on their customer database which include The Royal Opera house, South Downs National Park, Ipswich Bus company, O and G Facility Management Company, Local Councils, Brittany ferries, Chichester College, Domino pizza, MOD uniforms, KFC & Costa providing the logo uniforms for all.
The business has over 2,000 company contacts and can offer full body clothing from t-shirts to industrial over jackets and work boots. The business also specialises in branded giftware and has a wide choice of souvenirs including branded bags, pens, desk ware, clocks, stationery, key rings, magnets, torches, mugs, water bottles, glass ware, soft toys & confectionery.
The current sales for July 2023 are schedule to achieve in the region of £200,000, with a 40% gross profit. T M Clothing has previously reached turnover levels in th region of £2,000,000.
Key selling points -
- Large database of over 2,000 previous clients
- Very good reputation in this field
- New advertising campaign
- Business development/direct marketing
- Social media presence
- Relocation/new efficient unit
8 x Amaya XT single-head, 16-needle, modular embroidery machines - Replacement value (each) - £10,000
1 x Production PC + Amaya embroidery machine software - Replacement value - £2,000
All associated framing equipment for embroidery machines, including cap-frames - Replacement value - £5,000
Stock of embroidery threads and backings - Replacement value - £1,500
1 x Schulze XXLs Tee/Sweatshirt Heat Press Machine with small & large platens - Replacement value - £900
1 x Stahls Hotronix Cap/Hat Heat Press Machine - Replacement value - £750
1 x Apple iMac 27" computer with design software - Replacement value - £2,500
1 x Apple Mac Mini with Server software (server) - Replacement value - £850
1 x JobPro business software suite - Replacement value - £1,200
1 x Apple Mac Mini + Monitor (admin) - Replacement value - £900
1 x Graphtec CE3000-60 CAD Vinyl Cutter (+ stock of vinyl) - Replacement value - £2,500
1 x Toshiba eStudio 2050c Colour Photocopier / Printer / Scanner - Replacement value - £1500
2 x PCs + Monitors and Printer (admin/bookkeeping) - Replacement value - £1000
All office furniture (desks, chairs, cabinets, etc.) as seen in photos - Replacement value - £1,750
Various professional display ladder stands and accessories for showroom/exhibitions - Replacement value - £1000
Complete Exhibition Kit - Replacement Value £12,000
Location
The business currently being run form our clients office unit and is easily relocatable.
Ideal locations would include any with easy access to London, Hampshire, Surrey & West Sussex.
Premises
N/A
Tenure
We are advised that the business is being sold on a Business Only basis.
Hours
Due to the nature of the business, it operates all year round.
Staff
We are advised that the business has 4 members of staff.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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