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Turner Butler Business Broker

1/1Turner Butler Business Broker




Supplier & Manufacturer of Staff Uniforms to Health Trusts

This local family business is a manufacturer and supplier of nurses uniforms to local health trusts. Well established with an excellent reputation, the business has superb relationships with reliable manufacturing units and suppliers in Poland, Romania, Lithuania and Indonesia.

A local business it has developed a reputation second to none for providing a prompt and efficient service and has a first class reputation.

The business works with low overheads and promotes good quality, good service and competitive pricing. Offering a complete service – from patterns, manufacture and supply through to delivery of the finished item. Most stock is made to order, although the business is often called upon to supply special garments by reworking and supplying additional sizes, tailoring them to the most exacting of customer requirements.

Designs and patterns are expertly interpreted. With an undoubted keen eye for supply of good quality, modern materials resulting in even small volume designs available at very competitive prices, this together with a policy to pay all suppliers promptly within 7 days has allowed this business the freedom to pick and choose the best manufacturing suppliers with which it has longstanding, on-going relationships.

From the beginning, very personal, attentive service has been the cornerstone of the success of this business.

Quality Assurance:

ISO 9001

Customer Service:

This company enthusiastically offers a high level of personal service and has established an excellent reputation for expertise and prompt action. Always willing to oblige customers the business continues to attract new referrals.

Key Strengths:

The stock supplied by this business is both extensive in its range and depth. However it is the ability of the business to supply what the customers require, speedily and cost effectively, which has helped it establish an enviable reputation in the marketplace. It is this personal level of service that sets this business aside.

Customers are always offered helpful and friendly service, resulting in a high percentage of repeat business. This successful business features a constantly growing base of satisfied clientele and accounts. There is constant high demand for its products making this business an exceptional opportunity as a bolt on to an existing similar company and could also easily be relocated as a new stand alone business.

Key Opportunities:

Having achieved impressive growth since it was established, the business has built up an excellent reputation within the surrounding area. There is plenty of scope for expansion within the existing market as the company has very strong supplier relationships that ensure they offer the most up to date in demand products to clients.

Advertising could see an increase in contracts and revenues and this would support the company to build on their reputation and profits. Turnover and revenues could also be significantly increased by increasing and developing their customer database and portfolio as well as developing an Internet presence.

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.

Turnover circa £190,000 per annum, Gross Profits of circa £62,500



Property:
Leasehold

Expansion potential:
The business has tremendous unrealised potential. The market for work wear is growing and health trusts are becoming increasingly cost conscious, this business meets these requirements.

With the excellent reputation this business has developed for quality design and production and the high levels of awareness it enjoys amongst its customer base, with a more aggressive approach to sales and marketing this business could be invited to ‘pitch’ for far more. With a quality customer base it has performed well over the years enjoying good returns servicing its existing clients. However, whilst this business could be represented in other sectors such as play groups, nursing homes and health centres. Investment in advertising and marketing or the deployment of a dedicated sales team would undoubtedly reap significant dividends in turnover and profitability.

The largest proportion of the costs involved in any project undertaken by this business is the costs of materials and production. Although margins have been maintained and to some extent increased through the sourcing and manufacture of material and labour uniforms abroad there is always scope to reduce costs whilst still maintaining quality, particularly if larger orders can be secured from larger customers. It is thought the introduction of an Internet site with web based interactive ordering systems could also reduce costs and further improve margins.
Competition / Market:
The business has never really seen the need to advertise in the past such is its standing in the markets it serves so well, preferring to rely on word of mouth recommendations and referrals to stimulate sales. The business enjoys very high levels of customer retention levels. An internet presence could be developed.
Reasons for selling:
Genuine Retirement
Trading hours:
Monday – Friday: 9am – 5pm

These hours could be extended to maximise opportunities.
Support & training:
The owners will be available to ensure a smooth transition of the business and to ensure a continuity of trading.
Relocatable:
This business can be relocated.


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