Sold. Branded Sponge Manufacturer

Branded Sponge Manufacturer
Summary

South West
Leasehold
Ref No: 2465
Asking Price: £445,000
Turnover: £954,000


Basic Details

This business has been manufacturing and selling its high-quality branded sponges to all the well-known high street names since 1949, and has been servicing thriving export markets since the 1950s. Our Client Vendors now wish to place the business on the market with a view to sell. There is a terrific brand, an exceptional customer base, an excellent turnover, a dedicated workforce, a suite of great products and an opportunity to expand the business significantly. The factory is designed specifically for the manufacture of sponges. Turnover for the Y/E December 2011 was around c£954k with a Gross Profit of c£261k. This is an asset sale with the sale price split between Goodwill at £175k, plant & equipment at £80k and Stock @ value (estimated at £190k). Debtors are excluded from the sale.