International Hair Merchants & Suppliers For Sale

Business description

Established in 1970 and aimed very specifically at the rapidly growing, highly profitable, hair merchandising market this business specialises in a comprehensive range of high quality, hair extensions. All hair is dyed or bleached to produce any colour hair which is then double drawn to ensure a great quality finish.

With the largest stocks of fully prepared best quality European hair in the world, clients travel from all corners of the globe to personally select from hundreds of kilos of hair for their exact requirements.

This business deals directly with the suppliers, ensuring that its products are made from the finest quality hair and can be supplied into the trade at a competitive price. With a strong corporate identity and products appearing under its own name the business has established itself as a brand in its own right with all of its products attractively packaged to generate high volume repeat sales.

This business prides itself in maintaining the highest possible service levels. Whilst dispatching some orders by national carriers it takes particular care to keep to its own delivery times as much as is humanly possible, fulfilling orders to Los Angeles within 2 days.

The business’s worldwide clients have provided hair extensions for Britney Spears, Kylie Minogue as well as 100’s of films including Lord of the Rings and Planet of the Apes.

This is a very well managed, easy to run business. With turnover for the last financial year of £400,000 generating a gross profit of £260,000 this represents an excellent opportunity to acquire a well known brand in the wholesale distribution of all hair extensions and related products.

Equipment:

The business operates a fully computerised system with all clients details maintained on a comprehensive database.



Customer Service:

The business manages many customers in any normal working week who form part of a larger supply chain and has the systems, processes and people to ensure that both productivity and customers' orders are satisfied. The most important aspects of customer management and satisfaction considered by the business is honesty from which comes customer confidence and project turnaround times, which combined are responsible for the business retaining many customers and the reputation for which has led to the acquisition of new customers.

The effectiveness of customer delivery is managed by customer and business, collaborating as the link between customer orders, concerns and requirements and the business's manufacture and supply capacity, thus ensuring that there is a balance of priorities between the customer and the business.

Property information

Location:

The business currently operates from the owner’s house and is therefore fully relocatable.

Other information

Expansion potential:

An established company, this business enjoys high levels of awareness across its sector. This business understands the importance of branding within its marketplace and has invested heavily in the past to establish a strong corporate identity consistently applied throughout all marketing and promotion. The company is well known for its wide range and quality of hair and excellent customer service.

Growth and Expansion:

The current market for this business is consistent and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Business operations are not at maximum capacity and there remains considerable scope for an increase in production, turnover and profit simply by gearing operations in line with current market demand.

The business is constantly innovating and new product revenue streams can be developed into significant contributors to turnover.

Key Opportunities:

There is an outstanding opportunity to build on the existing products and customer base of this company. With a strong demand for product, combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment, particularly in sales resources will have every advantage of building on an excellent platform.

This business has yet to fully exploit the opportunities available to it and could certainly extend its marketing strategies by establishing a web based ordering system. Good salesmen could also significantly increase this business’s presence within the high street.

Competition / Market:

The business has used only limited advertising in the past but has found most success through word of mouth recommendation where a significant number of orders and enquiries are taken. The business currently has a comprehensive and informative website.

Support & training:

The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new owners

Reasons for selling:

The business is for sale due to the owner’s wish to semi retire.

Trading hours:

Monday to Friday 9.00 am – 5.00 pm