Listing: SOLD: Highly profitable web based clothes retailer

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West Yorkshire|Other

SOLD: Highly profitable web based clothes retailer

Highly profitable web based clothes retailer selling ladies', gentlemen's and childrens' clothing.

In outline, the business is a clothes retailer based from warehouse premises in West Yorkshire.  The company employs two people and together with the owner generates pre tax profits of over £300,000. The business is expecting to build on this, with the impending launch of its new responsive website. 

This has been a much loved business run with pride and based on old fashioned values. This sale opportunity only arises due to the owner's personal circumstances which makes him unable to continue. The business will operate independently of the owners provided the purchaser is someone who understands online retail and preferably has experience and knowledge of the fashion retail sector.

The company has no bank borrowings and enjoys an exceptionally strong and stable financial posiiton with a balance sheet of nearly £600,000 comprising stock values of circa £750,000. 

 

Opening Hours N/A
Employee Count 2
Premises Leasehold
Potential For Expansion Yes

Sales Terms

The vendors envisage a share sale transaction. They require a quick sale and on that basis are prepared to consider a package comprising an offer for the shares of an amount equal to the company's net assets at completion, as verified by completion accounts; plus the vendors are seeking the repayment of their directors loan account, a large part of which would be fundable out of the company's cash resources.

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