Asking price: Undisclosed

Sales revenue: £1m < 5m

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The target is a leading player within the South West of England, retailing an extensive portfolio of premium casual fashion and surf brands. They have geographically exclusive relationships to deliver exclusive clothing ranges from leading surf brands.

Starting out as a single shop in 1989 the existing owners have continued to re-invest into the target, expanding organically using internally generated cash flow and without external finance, gradually adding stores to the portfolio.

The target now operates from four high quality primary locations; presenting to market through two ‘brand’ propositions in order to target a varied audience and demographics. The locations have retail and storage capacity in locations to deliver higher quality revenue.

The total floor space is around 11,700 to retail supported by 8,400 in warehouse space (much of which is first floor over primary retail space and could be converted to additional retail space if required).

The store locations are within a geography that is becoming increasingly popular as a holiday destination. As a result the target is seeing increasing tourist footfall which is forecast to increase further.

To Financial YE January 2008 the unaudited total revenues were £2.4M with a Gross Profit of 41%.

Years established: 20+

Location
The store locations are all town centre primary locations within a geography that is becoming increasingly popular as a holiday destination. As a result the target is seeing increasing tourist footfall which is forecast to increase further.

Expansion potential
It has an enviable reputation with its suppliers and regularly receives invitations to take part in expansion plans within the region (these additional locations do not form a part of the company’s revenue growth plan illustrated below).

Competition / Market
They have geographically exclusive relationships to deliver exclusive clothing ranges from leading surf brands.

Support & training
The owners are now seeking a planned exit and would be open to retention for a planned handover or continuing role (although succession planning has already been implemented).

Reasons for selling
Retirement

Financing available
The current economic situation has, of course, made access to funding a little more difficult for most people, however Equittex have direct access to a number of mainstream and alternative funding providers and partners.

Related documents

		Preliminary Information