Jersey Fabric Manufacturers In Leicestershire For Sale - Leicestershire, United Kingdom

Advert Ref: JE012

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Asking price: £145,000

Sales revenue: £575,000

Net profit: £43,000

Asking price:
£145,000
Sales revenue:
£575,000
Cash flow:
£43,000
Employees:
The business employs two full time and one part time member of staff, all of which are Directors of the business.

Turner Butler Business Broker


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:
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.

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.
Support & training:
The Managing Director would be happy to stay on to hand over and help the new owner in any way he could.
Reasons for selling:
Retirement
Trading hours:
The company works whatever hours necessary to fulfil its business commitments


Important: Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.