Design, Manufacture and Retail of Ladies Clothing For Sale

Business description

This business was established in 2000, it has built a significant presence with the high street independent stores. The company design, manufacture and sell ladies clothing to retailers in Ireland and UK to the mid range, mid style and to middle age women.

The goods are manufactured in Romania, the sales office and design staff are based in Belfast, the pattern maker is based in Wales and the sales office and designer are based in London. Most of the staff work from home very productively.

Customer Service:

This business believes its customers should experience highly rewarding levels of satisfaction each and every time they deal with the company. This level of satisfaction is fuelled by the highest quality of products and services being provided, they aim to be 5% cheaper than competitors, but with 10% better quality, backed up by a truly professional yet friendly, level of service.

There customers enjoy a range of exclusive products that are designed for the end user which are value for money and are very high in quality.

Key Strengths:

The company is well known for high quality at low cost, providing excellent customer service and reliability. They have been able to establish good relationships with long standing customers that offer a continuing demand for repeat business.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Current turnover is circa £2,500,000 per annum with gross profit of circa £600,000, the adj. net profit is circa £180,000.

Property information

Property:

Leasehold

Lease terms:

Leased Premises

Location:

Their premises consist of an office and warehouse space in London and Belfast

The company owns computerised grading and pattern software that is e-mailed to the factory for cutting and production.

Business Operation

Expansion potential:

The owners understand that the business is recognised for its quality of service, brand and choice and has been able to establish itself and capture a significant market share in a highly competitive environment. More assertive marketing in regards to contracts, could acquire an even larger slice of the market to build this excellent business into an even bigger cash earner, whilst maintaining its current contracts and building on them also.

At present the company does not advertise, relying solely on repeat business and word of mouth recommendations. Through marketing and advertising the new owner could capture more of the current market and increase profits significantly.

Competition / Market:

The business does not advertise; they have however benefitted from the most effective form of marketing available that is, word of mouth recommendation, combined with regular repeat business.

Reasons for selling:

The owners have reached the age where they wish to retire and handover the running of this successful company to somebody with energy, enthusiasm and focus to reach its full potential.

Trading hours:

Monday – Friday 9.00am – 5.30pm

Employees:

The company staff consists of 3 owners and 14 employees in various roles. The current owners are happy to stay to assist with handover and train the new owner.

Years established:

2000

Other information

Support & training:

The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.