Used Clothes Wholesale Distribution Business
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Full handover and training will be provided as part of a successful sales package.
Reason for Sale Although this business is growing rapidly in an indifferent economic climate, the directors have elected to sell the business in order to pursue other business interests.
Description Used Clothes Wholesale Distribution Business For Sale. Ref.AB133. Location East Midlands. Asking Price œ 450,000. This young business was only established in September 2007 but it is already impressively successful. The enterprise is already looking to grow in size and increase turnover in the foreseeable future, offering plenty of opportunities to a new owner with fresh energy. The business purchases very large amounts of used clothing and shoes from several collection agency points in the UK and Eastern Europe. The clothes are then delivered to the company's premises, sorted into types and then redistributed for sale in Asia, Eastern Europe and Africa.
The enterprise operates from a large, modern factory and storage facility on a large industrial estate with main road frontage in the East Midlands. A team of processers sorts the clothes after they arrive and prepares them for resale. This represents a unique opportunity in a surprisingly profitable market. Oxfam estimates that the second hand clothes trade is worth more than œ500 million ($1 billion) per year. As this business is already turning over an impressive circa œ1.8 million per year, this market offers plenty of opportunities for return on investment. This business is offered for sale on a turnkey basis, providing an purchaser with no expertise in a similar field the chance to get a foothold in this market with no prior experience.
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