Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Uk Manufacturer Of Quality Leather Bags
LISTING DETAILS
Firms For Sale ID:
33794
Vendor reference:
II004
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£30,000
Turnover / revenue:
£120,000
Net profit / cashflow:
Undisclosed
Years established:
19
Number of employees:
6
Employees / staffing:
The sole director works in the business on a strategic level.
The business has an excellent team in place and employs 5 full time staff including a Manager, Machinists and General Leather Workers, as well as a part time Sewing Machinist.
OTHER DETAILS
Reason for selling:
The vendor believe the business now needs a new injection of energy and business acumen to maximise the many, many opportunities it has available. In addition to this the vendor has other business interests which will involve significant travel in the future which will prevent him from giving this business the time it needs to develop it further.
Support and training:
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner. This should be a relatively simple process as the business already has in place a skilled and experienced team, both commercial and manufacturing.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
UK Manufacturer of Quality Leather Bags
Ref.II004
Location East Midlands/Lincs
Asking Price GBP 30,000
This highly respected UK-based manufacturing business supplies a high quality range of leather bags, luggage and accessories to its diverse and global customer base. Many of these clients are well known, blue chip premium brands and retailers who demand the highest quality workmanship and design, whether it is for standard or bespoke.
Established in 1995, this business offers a range of high quality products that are manufactured in the UK using full grain leather. Only the best hides, raw materials and hardware are used to manufacture these high quality products.
Services include off the shelf designs as well as bespoke OEM design and manufacture. The product range is growing as the business evolves and includes the manufacture and supply of:
Holdalls
Weekend Bags
Magazine Bags
Rucksacks
Boston Bags
Gladstone Bags
Camera Bags
Gun Slips & Cartridge Bags
Truffle Bags
Handbags
The business has a very impressive retail client list that spans the UK and overseas. It has circa a dozen regular and loyal customers (all instantly recognisable) with another 8 or 9 customers in development stage.
The success of the business is down to the fact that it has complete control of the supply chain and the margins. Therefore it can deal direct to ensure prompt service and consistent delivery. Client satisfaction is paramount and the company prides itself on its ability to meet client fulfilment levels each and every time. The company has the ability to produce short production runs with quick turnaround which gives it a real edge in the market.
The business currently operates from leasehold workshops where goods are manufactured and stock is distributed. The site is well equipped, secure and accessible.
The high quality products this business offers gives its clients a distinct competitive advantage. Many of the products supplied are exclusive products, giving the business a substantial advantage within the market.
Expansion Potential
The business is currently enjoying strong growth due to the fact it offers excellent manufacturing and supply chain facilities. Its customer base is increasing with several new High Street names looking to develop new supply agreements at time of going to market. Some of these customers offer potentially large volume opportunities should a new owner wish to open itself up to that side of the market.
This company has grown despite the demanding current economic climate and market trends and customer demand suggest this trend will continue moving forward.
Other areas for growth could be achieved by developing further new customers in the appropriate sectors, increase the range sold to existing customers, and perhaps more importantly, to develop and sell a range of own label pieces, which carry a significantly higher profit margin - this only requires modest stock investment and could be via a simple online sales channel.
Market / Competition / Non-Competition Agreements
The business does very little in the way of marketing and gets most of its work via referrals, recommendations and repeat business. It does have its own basic yet informative websites, however it could certainly benefit from a more strategic medium/long term marketing plan.