Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Uk Based Manufacturer Of Jersey And Knitwear

LISTING DETAILS
Firms For Sale ID:
34535
Vendor reference:
JD004
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£900,000  
Turnover / revenue:
£2,800,000
Net profit / cashflow:
Undisclosed
Years established:
10
Trading hours:
Office: Mon Fri: 08.00-17.00 The factory will operate a shift pattern during times of increased demand.
Number of employees:
17
Employees / staffing:
The Vendor is Managing Director and is supported by the following personnel: Sales Manager Sales/Merchandising Manager Designer/Pattern Cutter Administrator/Receptionist/Merchandiser Knitter 2x Presser 2x Sample Machinist Overlocker Machinist 6x Lockstitcher Cleaner Warehouse Manager Designer Pattern Cutter Programmer/Technician (FTE) Programmer/Technician (Self employed)

OTHER DETAILS
Reason for selling:
After many years of managing the company, the vendor has decided that the time is right to follow other business interests.
Support and training:
The vendor will provide a comprehensive handover to ensure a seamless transition of ownership. This should be a relatively simple process as the business has several key members of staff.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from well maintained premises owned privately by the vendor, Art Deco in style it is situated on the junction of two very busy trunk roads with excellent access to the M1 Motorway. Premises comprise circa 10,000 square feet of ground and first floor (incorporating factory, warehouse and offices). There is ample parking outside for vehicles. It is understood a new lease would be made available to a new owner. Alternatively the business could easily be relocated should a new owner so require. Current rates and water are circa GBP15,000 p.a.
 
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BUSINESS DESCRIPTION
UK Based Manufacturer of Jersey and Knitwear
Ref. JD004
Location : East Midlands
Asking Price : GBP900,000
This business, established and trading successfully for more than 10 years, provides a comprehensive range of knitwear and jerseywear to well known brands and retailers throughout the UK, Ireland and Continental Europe. There is a significant portfolio of machine assets that makes this company one of the most modern, innovative and efficient in the UK.

The company follows strict standards of Ethical Trading and ensures that all parts of the companys operations meet and often exceed UK Health & Safety Laws and Legislation. Quality Control Systems are incorporated into the production process, and all operators and technicians are highly trained to ensure full efficiency.

The state of the art manufacturing unit is regularly inspected to ensure excellent Health & Safety working conditions and audited by SEDEX. The company also operates a broken needle policy and metal detection to ensure all aspects of Health & Safety are covered to guarantee the very best working environment.

Whatever the requirements, the company in combination with its outstanding supply chain relationships delivers the highest quality to its demanding customers. The inhouse design team works closely with customers in preparing innovative solutions, whilst working alongside the companys knitting technicians to develop accurate and speedy ideas.

The companys creative and sales teams pay close attention to all current and ongoing fashion trends taking regular trips to influential trade shows as well as trend research specialist sources; collaborating closely with trimming suppliers maintains a full and comprehensive selection of buttons, poppers, zips, beads and trims and offers embroidery options and heat applied studs.

There is also an extensive range of bespoke yarns from Cotton, Acrylic, Metallics to Boucle and brushed fancy yarns including Wools and Blends.

Expansion Potential
The business has enjoyed an excellent level of business to date and continues to consistently perform even in todays tough economic climate. Growth could be achieved by developing incumbent customer relationships and a proactive new business effort to win new accounts.

Market / Competition / Non-Competition Agreements
The business has been trading for over 10 years and has never felt the need to advertise. There is a company website, however the majority of its work comes via repeat business, referrals and recommendations.

The website could be marketed more aggressively using search engine optimisation techniques and perhaps social media to enhance its presence and drive traffic and enquiries.