Branded Sponge Manufacturer
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $1529712
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description Branded Sponge Manufacturer
South West
Leasehold
Ref No: 2465
Asking Price: œ445,000
Turnover: œ954,000
This business has been manufacturing and selling its high-quality branded sponges to all the well-known high street names since 1949, and has been servicing thriving export markets since the 1950s. Our Client Vendors now wish to place the business on the market with a view to sell. There is a terrific brand, an exceptional customer base, an excellent turnover, a dedicated workforce, a suite of great products and an opportunity to expand the business significantly. The factory is designed specifically for the manufacture of sponges. Turnover for the Y/E December 2011 was around cœ954k with a Gross Profit of cœ261k. This is an asset sale with the sale price split between Goodwill at œ175k, plant & equipment at œ80k and Stock @ value (estimated at œ190k). Debtors are excluded from the sale.
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