Hilton Smythe are delighted to introduce this business to the market, a fantastic opportunity, with over 18 years trading history. The business is now reluctantly offered for sale as our client looks to retire.
The business offers embroidery and heat transfer printing services to a plethora of customer bases, with the main focus being the supply of school-wear to parents. This highly lucrative element of the business sees trade soar in the school holiday months, from June to September.
Other elements of the business include embroidered work-wear, services for stag / hen parties and a whole host of other clientele. Our client purchases items of clothing such as school blazers, jumpers, t-shirts etc and then embroiders the relevant logo onto the garments ready for sale. This allows our client a high degree of flexibility in relation to sizes and low wastage, as garments tend to be relatively similar in specification and easily transferable.
Our client has worked tirelessly to develop the business to the impeccable standard to which it is presented today, the business is renowned in the area as being the foremost school uniform supplier with a formidable reputation.
However, the business may benefit from some further development including a website / e commerce side to the business. We feel this would highly increase revenue and profitability also increase awareness.
The business presents an ideal walk in opportunity for any purchaser, as well as having the flexibility to fully relocate the business as desired. Further, the business comes equipped with approximately £25,000 in equipment and assets.
Naturally, we would recommend early viewing is essential.
TENUREThe business is offered on a leasehold basis with rent for all the three units standing at £1,085 per month, which includes VAT and service charge.
HOURSThe business currently trades:
Monday - Saturday 09:30 - 16:30
We are advised that the business does not trade on Wednesdays in the winter.
STAFFThe business is currently owner managed and operated with one part time staff member (20 hrs per week).
FINANCIAL PROFILEThe business has reported a healthy turnover of £77,500, with a gross profit in the region of 53%, as per the 2015 accounts.
The business is ideally located within a shopping centre, within the Greater Manchester area.
The shopping centre is ideally located close to major bus routes and a short walk from a railway station.
The business enjoys excellent exterior signage to the front of the business and is well signed throughout the shopping centre.
The business occupies three retail units within the shopping centre on the ground floor.
The first of the three retail units acts as a well stocked shop for the embroidered merchandise. The unit is a good size benefitting from excellent storage and shelving for stock.
We are advised that if the second unit is required, a new lease would be available by separate negotiation with the Landlord.
The third unit is currently used as a stock room with ample storage space for stock.
Overall, the business benefits from a comprehensive security system throughout, with CCTV and 24 Hour Monitored Security provided by the centre. In addition, the business benefits from a comprehensive fire protection and fire detection system.