Hilton Smythe are delighted to bring to the market (on a leasehold basis) this very well established and nationally respected embroidery, corporate gift and clothing manufacturer that is now one of, if not the biggest of its type in the UK, and the largest in Scotland.
Abstitch has been under the careful ownership of our client since the late 1970’s, having successfully grown the business to where it is today. The business has been placed on the open market for sale as our client looks to retire.
Abstitch offers a selection of business gifts containing an exciting range of products from writing instruments, desk and office accessories, executive gifts, leisure & lifestyle equipment, luggage and umbrellas, in-expensive novelties through to calendars & diaries. All the products can be personalised to ensure competitive edge over its competition meaning that whether customers choose a memorable executive gift or a promotional writing instrument, their corporate message is sure to be seen and remembered.
The business boasts many clients from blue chip companies, including Glenmuir, Aberdeen Football Club, Johnsons Apparel, Shell, BP, Quintet and Wilsons to name a few with many more clients on the books. Production has increased 50% since the beginning of 2018.
There are still areas of the business that could be improved or added to, in order to increase turnover; for example, the introduction of some new lines on the production side of the business along with an implementation of national marketing campaign via TV, Radio, Trade Fairs or PPC advertising on the likes of Google would no doubt add to the already impressive order book.
This is a tremendous opportunity to own this highly desirable turn key business, and early enquiries must come highly recommended to avoid disappointment.Location
Abstitch is conveniently located in a modern, purpose-built manufacturing premises within Aberdeen and is only a short distance from the city centre benefiting from all amenities that are associated with a larger city.
Aberdeen is a port city and the UK’s oil capital and is found in the northeast of Scotland, where the Dee and Don rivers meet the North Sea. With an offshore petroleum industry, the city is home to an international population. It's also known as the ‘Granite City’ for its many enduring grey-stone buildings. The 19th-century Marischal College is typical - a monumental Victorian landmark that’s now headquarters of the City Council. The city benefits from excellent travel links to all parts of the UK & further afield due to road and rail links, and with the international airport situated in Dyce on the outskirts of the city.Premises
The premises are in excellent general condition, having undergone a modest programme of refurbishment over the past couple of years and have been maintained to a high standard throughout.
Comprising a modern purpose built industrial unit on Ann Street within the city centre of Aberdeen, the premises include;
Large shop floor area
Racking / storage area
Free onsite parking
The premises and business sale are sold complete with Modern Industry Machinery.Tenure
We are advised the business is offered with premises on a leasehold basis.Hours
Monday – Friday, 8am until 5pm.Staff
The business is run & managed by the current owners with 12 full time members of staff.Financial Profile
To be advised.
The owner is more than happy to stay on to ensure a smooth transition and ongoing support to the new owner.