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Well Established Workwear Company

Undisclosed, Manchester

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    24/05/21

  • Advert ID

    277072

  • Leasehold: £250,000
  • Rent: £20,000
  • Turnover: £600,000 £11,538 Per week
  • Net Profit: £50,000 9% Profit margin

Business Details

A market-leading Workwear Manufacturer & Seller based in North West England.

Operating for over 20 years and successfully steering the business through the Covid shutdown-months - winning substantial new business putting the business in robust health with a great future.

This opportunity will suit someone who has the energy and wants to run and be fully involved in their own business or as a bolt-on to an existing clothing manufacturer or workwear reseller either online or shop-based.

After 20 years of building the business, the owner is now looking to retire and has set the price accordingly. It represents an extremely attractive opportunity to acquire an established business that benefits from having an excellent reputation, a large client base, and enjoys plenty of repeat business.

Priced to sell at £250,000 for the business, excluding stock and assumes an effective zero balance on cash, creditors, and debtors.

The Opportunity:

  1. North West based,
  2. Forecast T/0 for the period ending March 2021: Circa £600,000.
  3. Gross Margin: 35%
  4. Client base: Sales are made directly and indirectly to Councils, Schools, Local Authorities, the public sector, fast-food chain restaurants, cleaning & maintenance markets etc.
  5. Owners are willing to make themselves available to a new owner to help safeguard the continuity and ensure an easy transition.

 

 

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Key Features

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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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