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22 Year Old Leather Bag Manufacturer Lincolnshire For Sale

Grantham, Lincolnshire
Asking Price:
Under £50K Furniture / Fixtures and Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
Under £50K

For sale is a 22 year old established leather bag manufacturer that has been operating from Grantham, Lincolnshire. It was started by the sellers who still work in the business.

Small business with low overheads and making high quality leather bags - the business comes with 4 skilled staff who are able to make quality leather luggage.

Over the years clients have included Picketts, Hacketts, Pashley Cycles and Bill Amberg .

The company is ideally poised to continue making for existing clients whilst introducing its own line of products. Ideally suited for a startup or someone looking for a place to make their own quality leather products.

The premises is approx 2500 square foot and ideal for expansion.

All equipment have been well maintained and the business comes with a lease premises in Grantham, Lincolnshire ideally suited for the business.

Why the business is an attractive proposition to a buyer

The company has recently invested more time in its Social media and has 3 accounts at present with Instagram, Facebook and Twitter. All of which are ready for expansion.

Property information

Property:

Leasehold

Lease Terms:

4 year lease

Leasehold Rent:

£2,500 per annum

Location:

2 minutes walk from Grantham station. 1 hour by train from Kings Cross

Premises Details:

The premises is based in the heart of Grantham 2 minutes walk from the station it is on a leasehold basis. It is 2500 square foot and has secure parking for 5 cars. There is also an alarm system and CCTV

Size in square feet:
2,500
Energy Performance Rating:
A  View EPC Graph for this property

Business Operation

Expansion Potential:

With the right owner the business can be expanded - it is also ideal for a start up looking for a 'ready made' skilled workforce who are adaptable and skilled at making a variety of Bespoke products with the Made in England mark. The overheads are relatively low on and ongoing basis.

Competition / Market:

The English leather bag manufacturing market has very little competition - we get many enquiries on almost a daily basis.

Reasons for selling:

Retirement.

Trading hours:

7 - 4.30pm Monday to Friday

Employees:
4
Years established:
1996

Other Information

Support & training:

The seller will be happy to have a period of handover for the new owners,

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller willing to take stage payments after initial deposit.

Furniture / Fixtures value:
£20,000 - included in the asking price
Inventory / Stock value:
£5,000 - included in the asking price
Website:
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Contact Information

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