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Relocatable Nationally Operating Wholesale Fabric Business

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
253400
Reference
B05724 / Rightbiz
Asking Price: £749,995
Annual Turnover: £2,423,267
Business
Hilton Smythe are welcoming to the market an extremely well known wholesale fabric business, which can be ran from anywhere in the UK. The business was initially established over 52 years ago, only now does the business come to market due to well-deserved retirement.  

The business offers 100% cotton products, including dress materials, quilting, craft fabrics, bridal fabrics, etc. 

The company boasts a great reputation, due to the quality of the products offered and the fast-reliable service. Our client advises a high amount of sales are repeat trade and recommendations. The company is very well known and highly rated across the country. Our client has a huge amount of knowledge in the industry an is happy to help the purchaser to take over the reins.

The business has an excellent website which is also included in the sale, the website allows customers to browse the online brochures and order online.

The business currently trades 6 days a week and generates a turnover of £2,423,267.

There is also plenty of scope to improve the business such as pushing advertising, utilizing social media, employing more salesmen and streamlining the popular products.  Our client is happy to advise what the key sales points are and products that work the best.

Early viewing is advised as this is a rare opportunity to purchase such a successful business. Viewings are strictly by appointment only and are to be arranged via Hilton Smythe.



Location
Fully relocatable business - can be ran from anywhere in the UK.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

The area is also well served by the A-roads within driving distance of the business, which links to the M62 motorway network.



Premises
The business is currently trading from a factory located in West Yorkshire. Though the business could be operated from an industrial unit, anywhere in the country.

Assets included in the sale comprise of:

  • Ample shelving and racking.
  • Storage boxes.
  • Client base.
  • Website.
  • Marketing brochures.
Stock at value is negotiable at time of sale – current stock level is iro £1,000,000.



Tenure
The business could be operated from anywhere in the UK.



Hours
Sunday - Friday: 09.00 - 18.00

Saturday: Closed



Staff
The business is owner managed and ran with 7-9 employees.



Financial Profile
The business reports a turnover for 2018 of £2,423,267 with a gross profit of £762,512



Listing Details
Location: Undisclosed, Undisclosed
Sector: Wholesale Businesses, Clothing Businesses
Contact Agent
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Advert Reference: B05724 / Rightbiz

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Find out more about the business by contacting the seller