ACQUISITION OPPORTUNITY – PROJECT COTTON

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The opportunity to acquire the business and/or assets of a men’s fashion retailer with a strong online and high-street presence.

Overview
Well established North East-based business offering a wide selection of Men’s fashion items.

Strong online and high street presence.

Carries a variety of clothing brands:

  • Gant
  • Barbour
  • Fred Perry
  • Pretty Green
  • Napapijri
  • Aquascutum
  • Diadora
  • Ellesse
  • Fila
  • Lacoste
  • Lois Jeans
  • Loake
  • Luke 1977
  • Marshall Artist
  • MA STRUM
  • Paul and Shark
  • Partick
  • Saucony
  • Sergio Tacchini
  • Ted Baker
  • Weekend Offender
  • G-Star
  • Lyle & Scott
  • Gabicci

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Key Features

  • Annualised turnover of approximately £600,000.
  • Desirable high street location.
  • Well established business with over 15 years of trading history.
  • Website and e-commerce platford.
  • One retail property subject to a long leasehold (84-year term remaining).

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Assets for Sale

  • Goodwill
  • Stock
  • Website
  • Customer list
  • Long leasehold property (84-year term remaining).

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Summary Financial Information

£’000FY22
Actual
FY23
Actual
FY24*
Mgmt
Income Statement
Turnover651664524
Gross profit234274209
Net profit/(loss)10[60][72]
Statement of financial position
Fixed assets378362345
Current assets194200128
Net liabilities[15][75][147]
*Six-month period only

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Process

Further information can be obtained from KBL Advisory Limited on completion of a standard non-disclosure agreement.

KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on Friday, 16 August 2024, with a view to completing a transaction as soon as possible thereafter.

We reserve the right to close the bidding process early or extend the deadline for indicative offers without liability or advanced notice.

All correspondence in relation to this opportunity should be directed to KBL Advisory as follows:

Gary Wemyss
KBL Advisory Ltd
Tel: 0161 637 8100
Email: gary.wemyss@kbl-advisory.com

or

Amy Lowden
KBL Advisory Ltd
Tel: 0161 637 8100
Email: amy@kbl-advisory.com

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IMPORTANT NOTICE

Purpose
This document (the ‘Document‘) is sued by KBL Advisory Lmited (‘KBL Advisory‘), as agent for the company referred to in this
document (the ‘Company‘ or ‘Project Cotton‘), on the terms and conditions set out below for the exclusive use of the persons
to whom it is being presented (and their advisors) in connection with the proposed acquisition of the business and/or assets
of the Company (the ‘Proposed Transaction‘).

In issuing the Document, KBL Advisory is acting for the Company and no other party in connection with the Proposed Transaction.
Should this document be communicated to any third party, this limiation must be made known to the third party and their
acknowledgement received prior to any information being passed.

Verification
The information in the Document has been provided by the Company.

No representation or warranty is given or is to be implied by or on behalf of any of KBL Advisory, the Company, the Directors of the Company or any other
person as to the accuracy or completeness of the information or opinions contained herein and no liability is accepted for any such information or
opinions.

The information in the Document is communicated as a guide to assist recipients in deciding whether to consider the Proposed Transaction further. It is
not intended to form the basis of any transaction.

Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice.

Distribution
The document is intended for the exclusive use of the persons to whom is is being presented (and their advisors), on the express understanding that the
information contained herein will be regarded and treated as strictly confidential. No part of the Document may be reproduced, stored in a retrieval system,
or transmitted in any form without the prior written permission of KBL Advisory.

No action has been taken to permit the distribution of the Document in any jurisdiction where such action is required to be taken, other than in the United
Kingdom. The Document does not constitute an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or
to any person to whom it is unlawful to make such offer or solicitation.

Recipients of the Document in jurisdictions outside of the United Kingdom should inform themselves about and observe all applicable legal requirements
in their jurisdictions.