Asking price: £45,000

Sales revenue: £250,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Bag a Business Ltd is delighted to offer for sale this manufacturer of children's school uniforms, which was established by our client over 30 years ago and is now only being placed on the market due to his wish to retire. Our client and his wife run the business, with the help of a dedicated team of 6 machinists and 3 outworkers as well as a number of self employed sales agents who collect orders from around the country. Naxos Schoolwear has an enviable list of 500 - 600 customers, that includes schools and retailers such as National Schoolwear Centres, for which they provide quality uniforms. Trade is split approximately 75% girls and 25% boys. It enjoys an excellent annual turnover of over £250,000 per year at an average gross profit margin of 33%. We feel that this opportunity represents an excellent base for a new owner to build upon and the company has an excellent reputation. Trade could easily be expanded by diversifying into different markets, such as work uniforms. Early viewing of this unique opportunity is strongly recommended.

Property: Leasehold

Lease terms
Leasehold - the owner will rent the current premises for 12 - 24 months to purchasers if required. Rent to be agreed

Living accomodation
Property Details Ground floor factory with loading to rear, briefly comprising: Ground Floor • Main store area with uniforms stored on garment rails • Workshop fitted with machinery required to make uniforms including 6 flat machines, 3 overlockers, Button machine and cutting machinery • Loading area

Location
Naxos Schoolwear is currently located in Wood Green, London. Trading all over the United Kingdom means that this business could easily re-locate to suit purchasers requirements. To assist in this transitional stage our client is more than happy to allow the business to continue trading on its present site for the next year or so at a nominal rent. Wood Green, which is a popular part of North London has excellent transport links being a short distance from the M25 motorway as well as having its own underground station.