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CONFIDENTIAL SALE
FOR SALE
617002
156280 / Rightbiz
The company is a prominent leather goods brand, offering wallets, handbags, coin purses, travel accessories and more. It has established a large and diverse product catalogue, with bi-annual new collections.
Utilising a highly experienced team and excellent supplier relationships, the company has ensured that all operations are streamlined to ensure the best service for B2B and B2C sales.
The company is now being offered for sale to facilitate retirement plans of the majority shareholders.
Offers invited.
Financial Highlights
- YE23 group turnover of £4.2 million with a gross profit of £2.3 million achieved.
- 20.6% increase in turnover from YE21 to YE23.
- Average gross profit margin of 54% achieved over the last three years.
Key Highlights
- Serves 850 wholesale clients alongside having direct relationships with many customers.
- Circa 85% of clients provide the company with repeat business, with longstanding relationships of over 10 years with some wholesalers.
- Operates successfully with an experienced, knowledgeable team, with individuals in place who could carry out some of the exiting shareholders’ duties.
- Predominantly operated on a remote basis, with additional premises for warehousing and distribution located abroad.
- Scope for growth via further diversification of the product base alongside increasing sales channels.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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