Socks And Hosiery Design Import And Distribution Business For Sale

Business description

The UK hosiery and socks market alone is valued in the region of £1.2 billion and it is anticipated that the market is set to increase by a further 15% over the next four years.

Established in 2005, this company designs and imports an extensive range of hosiery and socks. Having found a true niche in the market, the company now has a distribution network throughout the UK.

By concentrating on hosiery, socks and related products, the business has a distinctive edge and expertise in providing the finest products available at very competitive prices. The business has on-going contracts to deliver core all-store product lines to some of the UK's largest high street retailers and is proven to deliver cost savings to all its customers.

The company's direct and proven sourcing capabilities allow for tights and socks to be supplied for any occasion. The comprehensive stock range comprises hosiery and socks of every colour, style, size and description; from 'best-buy' products through to premium branded products.

The business offers complete flexibility with FOB port of origin delivery, landed UK delivery, warehousing, palletising, haulage and pick & pack options for its customers.

Equipment:

This business is fully computerised with a company website to showcase the business operation.

Quality Assurance;

Quality is vital to this business; it understands that providing the best products and service to customers is the only way to run a business. The company uses its own in-house fully qualified inspection teams that operate way in excess of SGS standards. These are co-ordinated from its sourcing hubs in Northern and Southern China.

Customer Service:

The business is very well established with a strong, growing customer base that is comprised of household name blue-chip UK retailers. The business retains a high level of repeat business. The business is very flexible with regards to purchasing, with orders taken via email and over the phone.

Key Strengths:

This business is a very low risk and low cost operation. The company does not hold, or own, its customers' stock at any point. It also does not operate with high fixed-cost overheads; such as warehouses and machinery.

The business directly represents itself with no agents or middlemen and has lean supply chain management and special outsourcing partnerships; which have been perfected over many years of trading in the Far East.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The start-up costs of £110,000 have been incurred, and this tax benefit will be available to the successful purchaser of the company.

Property information

Property:

Leasehold

Location:

This business is fully relocatable, with no premises included in the sale price.

Other information

Expansion potential:

There are considerable growth opportunities for this business based on the £1.2 billion market. By far the greatest opportunity for growth lies with linking this business with existing clothing or fashion accessories business – broadening the customer base as well as generating significant cross - sell opportunities on both the clothing and accessories side.

Competition / Market:

The company does not undertake any formal means of advertising, relying solely on word of mouth recommendation and repeat business.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

The current owner wishes to concentrate on other ventures following the sale of the business. There has been an investor redemption that unfortunately has resulted in the owner having to sell the business.

Trading hours:

Monday - Friday 9.00 am - 5.00 pm