The business has built up a sterling reputation based on its consistent and unusual fashion jewellery and accessories. About half of the business involves importing and shipping out, the rest is shipped direct from country of origin to the customer. Trade customers include many well-known destination retailers such as museum and gallery gift shops, theme parks as well as high street chain stores, web based retailers, independent retailers and other wholesalers.
The product portfolio has developed over time and the business has a diverse range of lines on offer including rings, bracelets, pendants, neckwear, earrings, body jewellery, charms, hair wear and brooches. In addition to the fashion jewellery the business has a range of handbags, purses, and scarves.
Pieces are carefully sourced from a now well established supply base (the business has very close relationships with suppliers mainly within Asia).
The business has been meticulous in its approach to quality control and design over the years, which has helped to build the brand. Due to this the brand is held in high regard and is very much the supplier of choice for many trade and retail clients.
The company has developed an impressive route to market and currently services some 800 trade customers on an annual basis. Approximately 60% of revenues are overseas, the rest being UK based. The majority of sales are trade but some retail sales are made through Amazon and Ebay. In addition to this the business has recently set up a retail section of its e-commerce website, which should create new revenues moving forward.
The business has a retail shop, which generates circa £185,000 p.a. of sales. This is generally used to trial products in many cases and could easily produce significantly more sales with further promotion. This site is also freehold- the vendor wishes to retain this freehold ideally and as such the sales and profit are NOT included in the figures given and the freehold it is NOT included in the current asking price. This business if desired would be negotiated separately.
Now firmly established, this well-run business offers a range of unique products, be they branded or sold under the company’s own recognisable trade brand name. Staff are long serving, trustworthy and can manage the business, which allows the vendors to spend time away, either on buying trips, attending exhibitions or extended holidays.
The trade business currently operates from ideal freehold warehouse and office premises where stock is held and distributed. Preferably, the vendor would like to sell this freehold with the business. Freehold valuation is circa £130,000. Alternatively the vendor would lease the premises at an initial starting rent of £15,000 pa, or for the business to be relocated, subject to negotiation.
The business now does more limited advertising having previously attended lots of trade shows at considerable expense.
Support & Training:
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner.
The business operates from ideal freehold premises that are very secure and fit for purpose. They are located on a well-known industrial estate. The business owns the freehold - value is circa £130,000. Ideally the vendor would like to sell the freehold with the business but is prepared to lease the premises to a new owner at a starting rent of £15,000 pa or for the business to be relocated should a new owner so require.
As already mentioned the business also has a retail site in Edinburgh. It is a good secondary site and again the vendor may consider selling or leasing this should a new owner so require. Freehold value is circa £250,000. Please note this is NOT included in the current asking price.
Is this business relocatable: Yes
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