Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Global Fashion Jewellery, Gifts & Accessories Import/wholesale/retail Business

LISTING DETAILS
Firms For Sale ID:
34501
Vendor reference:
AB236
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£270,000  
Turnover / revenue:
£640,000
Net profit / cashflow:
Undisclosed
Years established:
37
Number of employees:
12
Employees / staffing:
The vendor works full time in the business. However he enjoys travelling and spends time away from the business each year on buying trips etc. The business is fully operational without him as he has key staff in place. The business employs some 12 other members of staff including: General Manager Assistant Manager Retail Manager Retail Deputy Manager IT Manager Staff are skilled, loyal and trustworthy and can multi-task when necessary. Most have been with the business many years.

OTHER DETAILS
Reason for selling:
The vendors are planning their exit strategy. They also believe the business now needs a new injection of energy and business acumen to maximise the many, many opportunities it has available.
Support and training:
The current owners 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 has key staff already in place. However the vendor would be prepared to stay on for an extended period of time should a new owner so wish, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Global Fashion Jewellery, Gifts & Accessories Import/Wholesale/Retail Business
Ref. AB236
Location:Scotland
Asking Price : GBP270,000
This well established and highly regarded business is located in Scotland and was set up some 37 years ago by the vendor as a fashion jewellery import and wholesale business. It has developed over time and today trades throughout the globe offering a diverse range of indemand products which are mainly sourced in Asia.
The business has built up a sterling reputation based on its consistent and unusual fashion jewellery and accessories. About half of the business involves importing and shipping out, the rest is shipped direct from country of origin to the customer. Trade customers include many wellknown destination retailers such as museum and gallery gift shops, theme parks as well as high street chain stores, web based retailers, independent retailers and other wholesalers.
The product portfolio has developed over time and the business has a diverse range of lines on offer including rings, bracelets, pendants, neckwear, earrings, body jewellery, charms, hair wear and brooches. In addition to the fashion jewellery the business has a range of handbags, purses, and scarves.
Pieces are carefully sourced from a now well established supply base (the business has very close relationships with suppliers mainly within Asia).
The business has been meticulous in its approach to quality control and design over the years, which has helped to build the brand. Due to this the brand is held in high regard and is very much the supplier of choice for many trade and retail clients.

Expansion Potential
The business has enjoyed excellent sales and profitability over the years. It has recently altered its business model which is expected to generate significant cost savings moving forward that will result in improved profitability. There is plenty of scope for growth, particularly through the ongoing development of export markets, not to mention UK retail (particularly online as they have only just introduced a retail e commerce arm), an area the vendors have not really pushed to date.
The business is ready to move to another level all the infrastructure is in place in terms of customer profile, product range, and systems. The companys website and social media presence is also growing and would benefit from ongoing development.
A new owner will provide new levels of business acumen, impetus and energy and possibly a wider range of products to drive the Company forward, thus exploiting the many new business opportunities available.

Market / Competition / Non-Competition Agreements
The business now does more limited advertising having previously attended lots of trade shows at considerable expense. It does have a highly informative and e-commerce enabled website (with trade and new retail area). It also has a catalogue that is published once a year, supported with a weekly email flyer campaign.

More work could be done to exploit the brand further, not least with the introduction of its own packaging and point of sale material. Further online marketing and SEO could also increase exposure and traffic.