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• Well-known and established leather goods distributor – one of the UK’s largest
• Over 700 live wholesale accounts
• Specialist in low price, high quality accessories
• Low staff / low overhead operation
• Easily re-locatable, or can remain in current premises on the UK South coast
• Currently no on-line business; clear opportunity for substantial growth
This wholesale leather accessories business is one of the UK’s largest, with over 600 active wholesale accounts accounting for £1.2mio in annual turnover. The business imports products mostly from low cost overseas suppliers, and has a solid supply network of quality goods producers anxious to supply designs specified by the business. The business focuses on the budget end of the market, distributing quality goods with a low retail price tag- most items retail for less than £10 each. Belts, wallets, and purses – both mens and ladies- are the largest market for the company, but it has a growing business in ladies hand bags and small luggage pieces. The company operates with a minimum of staff: the owner plus three full-time staff (one operating in the warehouse), and one part-time employee. As such the business could be easily moved to a location of the buyer’s choice, or absorbed into a larger business with staff already in place, where the acquisition would be quickly accretive with £450,000 in gross profit. There is also considerable scope for growth in the business, most notably by establishing an internet-based sales presence, but there are many other avenues for growth. The business is for sale due to the owners impending retirement, with Transworld as exclusive agent.
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