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Deal Opportunities.co.uk

the UK marketplace for company sales

Luggage for bicycles & outdoor leisure

Reference
S7499
Turnover
£1m to £2m
Sector(s)
Leisure, Manufacturing, Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
18 February 2021

Business description

The company is a manufacturer of saddlebags, panniers and handlebar bags made from durable, waterproof material. Additionally, it manufactures a line of bags made from recycled lorry tarpaulin and similar materials.

The company produces white-label goods for several blue-chip organisations. 

Catering to commercial and private customers, the company sells its products internationally, with over 100 commercial buyers in the outdoor leisure industry and thousands of private individuals who make purchases through its e-commerce websites

Our Clients are now offering the company for sale to facilitate their retirement.

Offers invited.

Highlights

  • Commercial clients located across Europe, Asia, Australia and the USA.
  • Approximately 10% of visits to the company’s site result in a sale.
  • Experienced team of employees with over 35 years’ industry experience. 
  • All products are hand-manufactured at the company’s factory. 
  • Operates from leasehold premises which will be included in the sale of the business. 
  • Strong brand potential for growth, with opportunities for expansion within the outdoor leisure industry, including potential to manufacture bags suited for wild swimming and other water-based activities.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 748 102
2018 (Actual) 733 156
2019 (Actual) 896 214
2020 (Actual) 874 241
2021 (Forecast) 1,070 260
  • YE21 projected turnover of £1 million.
  • YE20 turnover of £874k, with an adjusted EBITDA of £241k. 
  • Average gross profit margins of 36% 
  • Shareholder funds of £395k in the same year. 
  • Exceptional growth in 2020, with online sales being especially buoyant.

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