Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Global Fashion Jewellery, Gifts & Accessories Import/wholesale/retail Business
LISTING DETAILS
Firms For Sale ID:
34308
Vendor reference:
AB236
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£500,000
Turnover / revenue:
£930,000
Net profit / cashflow:
Undisclosed
Years established:
25
Number of employees:
12
Employees / staffing:
The vendor works full time in the business. However he enjoys travelling and spends time away from the business each year on buying trips etc. The business is fully operational without him as he has key staff in place.
The business employs some 12 other members of staff including:
General Manager
Assistant Manager
Retail Manager
Retail Deputy Manager
IT Manager
Staff are skilled, loyal and trustworthy and can multi-task when necessary. Most have been with the business many years.
OTHER DETAILS
Reason for selling:
The vendors are planning their exit strategy. They also believe the business now needs a new injection of energy and business acumen to maximise the many, many opportunities it has available.
Support and training:
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner. This should be a relatively simple process as the business has key staff already in place. However the vendor would be prepared to stay on for an extended period of time should a new owner so wish, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Global Fashion Jewellery, Gifts & Accessories Import/Wholesale/Retail Business
Ref. AB236
Location : Fife, Scotland
Asking Price : GBP500,000
This well established and highly regarded business was set up some 25 years ago by the vendor as a fashion jewellery import and wholesale business. It has developed over time and today trades throughout the globe offering a diverse range of indemand products which are mainly sourced in Asia.
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 independent retailers, however the business also serves many wellknown destination retailers such as museum gift shops, theme parks and High Street chain stores, not to mention the web based retailers that now predominate.
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, belts 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 50% of revenues are overseas, the rest being UK based. The majority of sales are trade but the customer does have a retail arm that comprises its own separate retail outlet (based in Edinburgh),
Market / Competition / Non-Competition Agreements
The business now does more limited advertising having previously attended lots of trade shows at considerable expense. It does have a highly informative and e-commerce enabled website (with trade and new retail area). It also has a catalogue that is published once a year, supported with a monthly email flyer campaign.
More work could be done to exploit the brand further, not least with the introduction of its own packaging and point of sale material. Further online marketing and SEO could also increase exposure and traffic.