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the UK marketplace for company sales

Wholesaler & distributor of knitting needles

Reference
S6300
Turnover
£0.5m to £1m
Sector(s)
Leisure, Miscellaneous, Retail & wholesale
Region(s)
UK Wide, Outside UK
Added
10 July 2019

Business description

A highly respected wholesaler and distributor of high-quality branded knitting needles and accessories, serving customers throughout the UK and internationally.

Products offered include double-pointed needles, crochet hooks, interchangeables, fixed circulars, accessories and sets and cases.

Our clients are offering the company for sale as part of their retirement plans.

Offers invited.

Highlights

  • Holds exclusive rights to a knitting needle brand.
  • Has in excess of 500 customers who all provide ongoing, reliable revenue.
  • Products are available in bamboo, steel and stainless steel sharp.
  • Sells to international retail outlets in countries such as Australia, Denmark, France, Italy, Japan, New Zealand and Sweden.
  • Operates from 1,722 sq ft leasehold premises.
  • Candidate available to undertake a senior-level management position, post-sale.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2016 (Actual) 416 105
2017 (Actual) 523 102
2018 (Actual) 742 154
2019 (Actual) 803 150

  • YE19 turnover of £803k.
  • Adjusted EBIT of £150k in the same year.

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