Opportunity to acquire a leather goods manufacturer

Business For Sale

Details

Sale Type:

Businesses for Sale

Status:

Past

Business Opportunity

  • There is an opportunity to invest in, or acquire the Company, or the business, goodwill, and other assets of the Company.
  • The opportunity has arisen due to an immediate significant funding requirement.

Business Overview

  • The Company is a specialist manufacturer of high quality leather goods, based in the Midlands.
  • The Company's clients include Blue-chip PLCs, local retailers and corporate companies.
  • There is a loyal and experienced workforce of approximately 65 full and part-time members of staff.
  • The sale represents an opportunity for a trade buyer or an investor candidate.

Financial Information

  • Year ending 28 February 2017: Turnover c.£2.5m; net profit c.£62k
  • Year ending 28 February 2016: Turnover c.£2.7m; net profit c.£4k

Premises

  • The Company operates from two leasehold premises, each with warehousing and office facilities.

Assets 

  • The Company’s key assets include plant and machinery, office equipment, the goodwill and existing customer base.

Sale process

  • Due to the current position the sale will be executed at the earliest opportunity. Interested parties should be in a position to conclude a transaction no later than 22 December 2017.

For further information please contact: 

James Acton
t +44 (0)121 213 6280  |  e jacton@gordonbrothers.com