E-Commerce Provider of Personalised Bags and Luggage – Based in Southern England
E-Commerce Provider of Personalised Bags and Luggage – Based in Southern England
Overview
Description
Overview
Project Rayon specialises in the provision of personalised, monogrammed bags and luggage, all of which are hand painted or printed in the UK.
Alongside this, the business sells numerous accessories.
All products are sold via the company’s comprehensive e-commerce website.
Our clients are now offering the company for sale to facilitate growth under the impetus of new ownership.
The Directors are willing to remain post-sale.
Offers invited.
Key Highlights
– All orders can be shipped worldwide.
– Benefits from a strong foothold in the USA, UK and Saudi Arabia markets.
– Excellent reputation within its sector.
– Experiences regular repeat custom.
– Knowledgeable and proficient second-tier team in place.
– The business is well-known within its sector and benefits from numerous celebrity endorsements.
– Operates from leasehold storage and warehouse facilities.
– Presents an ideal bolt-on acquisition for companies looking to extend their product offering and customer base.
Financial Highlights
– Turnover of circa £5.5m in YE23.
– Adjusted EBITDA of £1.1m achieved within the same year.
– Gross profit margin of 27%.
– Achieved year-on-year growth in turnover.
– Has no reliance on any one particular customer to generate income, with no individual account providing more than 1% of its turnover.
– Benefits from circa 120k visitors to its website per month with a 2% conversion rate.
Is this business relocatable:
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