Manufacture Import And Wholesale Of Dance Shoes For Sale

Business description

Manufacture, Import & Wholesale of Dance Shoes & Clothing for Mail Order and Retail Companies

This business successfully manufactures and imports dancewear and shoes. The company has been in business for over 25 years and has unlimited experience in selling to wholesalers, distributors and the retail market. A new venture is also flourishing in the form of a factory shop. The balance of trade is as follows.

• 70% mail order
• 25% retail outlets
• 5% factory shop

The product range includes leotards and skirts plus lycra pants, ballet, jazz and tap shoes. The garments and shoes in the range have undergone rigorous development and testing to ensure the wearer receives the highest level of comfort and performance. All clothing and shoes are excellent value for money, attracting a varied potential customer base.

The clothing produced covers a large age range suitable for ages 4 to adult. The business is set up and managed to be flexible enough to react quickly to changing trends and styles within the dance fraternity.

A wealth of knowledge has been gained over the years and excellent business relationships have been set up with a comprehensive supplier base in India and Asia. These suppliers are all tried and trusted and understand the quality and sales service the business demands.

The business operates from a modern unit with production and warehousing facilities, the machinery is up to date giving the company a definate edge over its competitors. The dance wear and shoe industry is a very niche business, the number of manufacturers in the UK is very limited.

This superb business opportunity is one of the market leaders in the industry. There is a genuine reason for the sale of this thriving and cash rich company that has an enviable reputation within its industry.

Customer Service:

The customer service ethos is to supply the finest quality product on-time and on a consistent basis in order to satisfy and fulfil the customer expectations. This policy is rigorously maintained and monitored by the owners, ensuring the growth and the quality associated with the business remains in place.

Key Strengths:

The range of products supplied by this business offers the ultimate in quality, design and affordability. The company has an impressive database of client accounts, including mail order clients, distributors and retail clients, many of whom only use this Company; the business also continues to attract new referrals.

The strengths of this company include its expansive product knowledge, and its technical expertise, as a leader in the manufacture and import of dancewear the business is well respected with excellent image and reputation.

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 £435,000 per annum
Gross Profit circa £101,000 per annum
Balance sheet circa £235,000.

Property information

Property:

Leasehold

Lease terms:

Rent payable circa £12,000 per annum.
Rates Payable circa £2,500 per annum.

Location:

The business trades from a leasehold modern industrial unit with manufacturing and warehousing capability, plus a newly completed factory shop. The floor space is circa 3,700 square feet.

Rent payable circa £12,000 per annum.
Rates Payable circa £2,500 per annum.

Business Operation

Expansion potential:

There are excellent opportunities to increase the levels of business. Since inception this business has performed to a high standard and has earned wide-recognition for the quality products it supplies. It is considered that a new owner with fresh impetus and enthusiasm can further capitalise on the ever increasing opportunities made available to the company through its reputation.

Competition / Market:

Existing customers are the businesses best advertisers, word of mouth is consistently generating new work, and also being an approved manufacturer and supplier positively spreads the company message to the wider audience. The company takes advantage of different mediums to promote its clothing and shoe range and advertises in yellow pages and trade related magazines. The business has an informative website which allows the user to find out details regarding the business and the range of products on offer.

Reasons for selling:

Retirement. The business is in a strong financial position and is being marketed at a time of growth and prosperity.

Trading hours:

Monday – Friday: 8:00 am to 4:30 pm

Employees:

The business is managed on a day to day basis by the managing director with the assistance of four employees who handle all aspects of manufacture and delivery. Casual labour is employed on a daily rate basis as and when required to cover the peaks in production.

Other information

Support & training:

The current owner will offer a full and comprehensive training and support package to facilitate a smooth transition of ownership.