Bespoke shirt and tie manufacturer
For sale (ref: SCF0253) - added 08 February 2010
Bespoke shirt and tie making business, with manufacturing and distribution facilities in England and supplying customers in the UK and overseas. £2m turnover, 22% gross profit margin.
Overview
A business established for over 50 years, making handmade shirts and ties, branded “Made in England” and supplying fine menswear shops and branded retailers in the UK and overseas.
Key Features
• Turnover of £2.5 million for the 12 months to 31 May 2009 (forecast of £2.0 million for the 12 months to 31 May 2010) with a gross profit margin of 22% for 2009 and 2010
• A business split into 3 separate divisions; handmade shirts (sales of £400k for y/e 31 May 2009), ties hand finished in the UK (sales of £1.8 million for y/e 31 May 2009), and the sale and distribution of ties (sales of £300k for y/e 31 May 2009).
• Highly skilled and experienced workforce, including machinists, cutters and finishing staff.
• Operates out of a modern production facility of 12000 sq ft
• Meticulous attention to detail resulting in high quality shirts and ties branded “Made in England”.
• Excellent customer base, including fine menswear shops based in Saville Row and Jermyn St and other well known branded retailers in the UK and overseas.
Timetable
Offers for the business should be received no later than Friday 12th February 2010.
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