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II003 -International Leather Merchants & Wholesalers

Asking Price: GBP 495000
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Business Location: United Kingdom » City of London » East London 
Category: Manufacturing » Leather and Leather Products
Description:
International Leather Merchants & Wholesalers

Ref.II003
Location East London
Asking Price £ 495,000
Established in 1946 and purchased by the current owners in 1983, this group is now one of the largest leather traders in the UK, employing people dedicated to servicing manufacturing companies throughout the world, supplying a wide variety of leathers for many applications, with contacts worldwide with leather traders and tanneries.

Their warehouse in London is one of the largest of its kind in the UK holding stocks of all items related to allied trades including Garment, Handbag, Leather goods, Upholstery and Footwear industries, with a reputation as being in the forefront of leather developments. They also hold the finest selection of skins from snake skin to full cowhides and stock over 1 million square feet of various leather and suede skins of all colours, prints and designs.

The Group have offices in Montreal and Toronto in Canada to service the North American market and also ship leather to buyer's designated factories in Asia and India. They are dedicated to offer the very latest in fashion leathers introducing new colours, effects and prints.

Being a truly global business they are able to identify and create new fashion trends and are constantly in touch with some of the leading designers and retailers in the world discussing and evolving new products. The company are large suppliers of leathers to theatrical costumiers and their leathers have been used in many feature films and TV productions.

The policy of this company is to bring to the attention of their buyers the importance of leather as a fashion medium that the world loves to wear. In their words “Leather is a natural product and people love to wear and use it - naturally!!

Their leathers are divided into four sectors:

• Garment
• Footwear
• Leather goods
• Upholstery
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: N.A.
Year Established: 1946
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Monday – Friday 8.30 – 5.30
Reasons for selling:
Following a death in the controlling family the directors have decided to sell the business.
Market competition and expansion:
Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign, including the re-designing of the website, would certainly improve sales and profitability and will increase its market exposure and revenues. The implementation of some form of database management would also ensure the business fully maximises the opportunities its large customer bank represents.
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