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Turnkey Saddlery Business in Somerset with Huge Development Potential for Sale

 Undisclosed, Somerset

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    22/01/21

  • Advert ID

    271050

  • Reference

    B06005 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £269,995
  • Turnover: £399,144 (£7,676 Per week)
  • Net Profit: £7,495 (2% Profit margin)

Business Details

Saddlery manufacturer and designer of handmade leather saddles and other equine tack

Business
Please quote reference B06005

The business is a saddlery company that manufactures and retails its own brands of hand-made English leather saddles, bridles, girths, stirrup leathers, and saddle pads, with a special focus on difficult-to-fit horses. Within the UK, the company also offers a saddle and bridle-fitting service.

Established in the 2000s, the business an award-winning saddlery company that manufactures and retails its own brands of hand-made English leather saddles, bridles, girths, stirrup leathers, and saddle pads. Within the UK, the company also offers a saddle- and bridle-fitting service. With its highly-specialised and bespoke service, the company has earned clients across the globe – from the Czech Republic, and Portugal, through to the USA and Australia.

Boasting over 20-years of experience, the company has gained international prestige on account of its specialist saddle designs that are specifically adapted to different breeds of horses and ponies – including British native ponies, cobs and wide horses, Arabs, high-withered Thoroughbreds and sports horses, Iberians, Friesians, Icelandic horses and other international breeds. The shareholders say that they have built a reputation “for being able to provide, not only products that fit these ponies, but that look good, last, and can be adjusted and maintained throughout their lifetime”.

In 2021 and 2022, the company won the ‘Best Saddlery Design Company’ award in the Global Excellence Awards, and has previously been named ‘Saddlery of the Year’ and ‘Leaders in Dressage Design’. The company has also fitted saddles for customers who have gone on to become National and European champions. The company also benefits from a number of high-profile sponsored riders – a testament to the company’s innovative and thoughtfully-designed saddles.

The company has a number of important gains to offer the prospective purchaser, including:

  • A vast international client base, and a database of 7000 clients;
  • Outstanding reputation for high quality products and its ability to fit difficult-to-fit horses;
  • A healthy financial profile with a turnover of £362,794 and an operating profit of £55,623 in 2022;
  • Ongoing relationships with multiple suppliers;
  • Large stock holdings;
  • Good digital presence, with active social media accounts and a number of websites;
  • Sale will include the company’s various trademarks;
  • The good will generated over many years of fruitful business, that will reduce the need for any significant marketing investment;
  • A relocatable business opportunity that may well suit a similar-sized or larger enterprise looking to increase its presence in the industry;
  • Ample scope for growth.
 

Highlights -

  • A profitable saddlery company, with a prestigious international client base, a number of USPs, and a reputation for high-quality, bespoke products;
  • Brand-leaders in the equestrian saddle industry;
  • Large stock holdings;
  • A database of 7000 clients and several thousand active customers;
  • Ongoing relationships with multiple suppliers/manufacturers;
  • Ample scope for growth;
  • Relocatable business opportunity;
  • Flexible terms of sale.
Opportunities -

  • Significant potential to expand into e-commerce sales;
  • Opportunity to invest in targeted marketing, e.g. exhibiting at a larger range of equine shows, or expanding onto other digital marketing channels;
  • Potential to expand the workforce;
  • Opportunity to sell to trade customers;
  • Potential to expand the company’s product range;
  • An ideal acquisition for an existing saddlery company, or dynamic entrepreneurs within the equestrian industry.
The shareholders wish to focus on other business interests, whilst allowing new owners to bring a fresh pair of eyes to the company.



Location
Operates across the UK. 



Premises
N/A



Tenure
Business Only basis. 



Hours
Due to the nature of the business, it operates all year round. 



Staff
Experienced team of staff in place. 



Financial Profile
Turnover IRO - £362k in 2022.

  • 100% share sale.
  • Prospective purchasers will be required to sign an NDA.
  • The shareholders are offering highly flexible terms of sale and are open to selling a part or all of the business.


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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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