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Deal Opportunities.co.uk

the UK marketplace for company sales

Sewing and knitting machinery

Reference
S8379
Turnover
£2m to £5m
Sector(s)
Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
06 January 2022

Business description

The business is a well-established, industry leading distributor of high-quality textile products including knitting, sewing and overlocker machines.

In addition, the company also supplies a wide range of threads and yarns in various ply and colours, that are compatible with all of the machines it offers.

Having built up a successful business over the course of 30 years, the shareholders are now offering the company for sale as part of their plans for retirement.

Additionally, our clients are willing to provide a mutually agreeable handover period to facilitate a smooth transition to a new owner.

Offers invited.

Highlights

  • Serves over 150 active clients, 90% of whom provide the company with reliable, repeat business on an ongoing basis.
  • Strong second-tier management team in place, capable of running the company on a day-to-day basis, with minimal input from the Directors.
  • Scope for further growth by taking on more proactive marketing techniques.
  • Strong pipeline in place with a prominent textiles retailer.
  • Operates from leasehold premises which are owned by the shareholders, based in the south of the UK.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 1,861 165
2018 (Actual) 2,014 125
2019 (Actual) 2,282 114
2020 (Actual) 2,591 220
  • YE20 turnover of £2.59m with an EBITDA of £220k.
  • Maintains an average gross profit margin of 30%.
  • Strong balance sheet, with YE20 shareholder funds in excess of £1.86 million.

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