Jersey Fabric Manufacturers In Leicestershire For Sale

Business description

Established in 2006, this company has traded on its reputation for maintaining a consistent quality of manufactured fabric through a programme of high maintenance of its machines. It’s Directors hold a great knowledge of the fabic manufacturing industry and would be very willing to help the new owner(s) to establish their trading practice in any way they could.

Equipment:

The company owns 5 very well maintained knitting machines with a capacity of approximately 10 tons per week (information sourced from the Vendors)


Customer Service:

The company sources its work from a client base which knows and respects the company’s policy for highly consistent quality, derived largely from their maintenance programme. Much more capacity could be sourced by a new owner willing to invest more energy in building the client base through personal contact, a factor that has been restricted due to some health issues of the current owner.

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.

Vendor states 2010 turnover of circa £ 575,000
Vendor states 2010 gross profit of circa £ 108,000
Vendor states 2010 nett profit of circa £ 43,000
Assessed asset value of circa £ 75,000

Property information

Property:

Leasehold

Lease terms:

The premises consist of a leasehold Factory/Office within a larger Factory building, sublet into smaller units. The property has to renew its lease on a yearly agreement.
Current rent paid is approx. £5,400 per annum, with Rates paid being approx. £2,200 p.a.

Location:

The premises consist of a leasehold Factory/Office within a larger Factory building, sublet into smaller units. The property has to renew its lease on a yearly agreement.
Current rent paid is approx. £5,400 per annum, with Rates paid being approx. £2,200 p.a.

Business Operation

Expansion potential:

A good opportunity exists within the framework of this business to greatly increase its turnover and profitability, by the application of fresh energy and a more direct contact with the marketplace and the introduction of more marketing outreach.

Competition / Market:

No forms of advertising or marketing are currently undertaken by the owners, and this again points to the opportunities available to a new owner.

Reasons for selling:

Retirement

Trading hours:

The company works whatever hours necessary to fulfil its business commitments

Employees:

The business employs two full time and one part time member of staff, all of which are Directors of the business.

Other information

Support & training:

The Managing Director would be happy to stay on to hand over and help the new owner in any way he could.