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Business for sale in United Kingdom - Ab165-bespoke tailoring house

Asking Price: 80,000 £ Real Estate: Lease
Sales Revenue: 165,000 £
Net Profit: 1 £
Year Established: 2000
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/London

Business types:

Services

Business categories:

Other Personal Services Businesses

Business description

located in an ideal location in the city of london, this tailoring business has already provided its service to well over 1000 clients and in a relatively short space of time the owners have built up an enviable reputation for supplying top quality men’s suits, coats, shirts and shoes at competitive prices, and represents the best of english and italian tailoring. The business currently has in excess of 200 regular customers. All items are custom made with great attention to detail. Most of the business range of suits and shirts are imported from italy and the italian owner has built up strong relationships with italian suppliers that do not normally export to the uk making their product unique and much sought after. The owners have very cleverly kept overheads down and this coupled with the fact that their suppliers beat most of the competition on price, without compromising on quality, has resulted in rapid growth in double quick time. The owners manage the business themselves and provide superb levels of personal service, which is private and flexible and hugely popular with their clientele. Along with meeting clients in their elegant showroom they often visit offices or homes to fit in with client’s hectic lifestyles. The owners of this business have excelled in taking a traditional sector like tailoring and combining it with some 21st century business practices. During the last 4 years the owners have sourced an enviable number of suppliers throughout europe that provide top quality products at unmatchable price undercutting any competition. A highly informative database has been created that logs numerous details and complete history of their client’s previous purchases. Moreover the vendors have recently re-launched an excellent website that attracts a good number of clients. Customer service: the owners are perfectionists and their attention to detail always impresses the clientele who have become accustomed to this superior service, which in itself encourages clients to return on a regular basis along with drawing a growing number of recommendations. The ideal location and charm of the premises provide a discreet, high class environment giving clients the feeling that they are the most important client that the business has. Clients are buying an experience not just a suit. Key strengths: this business has much going for it. Its strategic location, which is in the heart of an area of london that has recently seen enormous development, has attracted numerous new tenants some of which are the most prestigious banks and law firms in the world. An endless amount of potential clients are at the doorstep of this business and should provide an ever growing and flourishing business going forward. The company has developed and established its image through a unique house style that effortlessly balances elegance and comfort and for which is recongised and very much in demand within its clients. The business has built an extensive database of repeat and potential clients and an ongoing number of referrals. A state of the art website has been recently created providing great marketing potential and generating remarkable business. An electric vehicle is included in the package to travel in and around the city adding functionality, time management and reducing significantly travel costs. The company has built solid relationships with handpicked national and international suppliers that provide unparallel quality products, competitive prices and customer service to match. The owners have cleverly kept overheads significantly low, which in turn allows them to offer very competitive prices keeping a good profit margin. Full client history and details of orders along with diary management system are meticulously and comprehensively organized using up to date software. Efficient systems have been put in place to make the day to day operations run effortlessly. The accounting and administration system is accurate, up to date and easily managed. Growth and expansion: the business is growing because of the following key factors. The area where it is located is booming. Customers are loyal and the level of customer satisfaction being achieved means both repeat business and referrals are adding to sales figures and profitability every month. The owners have already considered various options to grow the business that include launching their own brand and adding luxury ready wear to their existing product range. New website with potential to sell products online.

Additional information

Additional information: Not Disclosed
Support & training: The owners are happy to offer training and a handover period, to allow for continuity of trading.
Reasons for selling: The owners have decided to relocate to another country for family and lifestyle reasons.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Not Disclosed
Location: The business is perfectly located on the street level right in the heart of an historic part of town, which in itself provides an air of history and a charming environment. The showroom and fitting area are beautifully furnished and decorated, reflecting the high standards of the business itself. The owners also run their office at the same premises helping to keep costs down.

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