Well established, Profitable Ladies and Gentlemen’s Hat Retailer based in Somerset

East Anstey, Tiverton
REF: R07200

Asking Price:
£20,000
Annual Turnover:
£230,033
Annual Net Profit:
TBC
REF: R07200

Overview

Tenure:
Relocatable
Established:
1919
  • Exceptional reputation
  • All equipment included
  • The main show hatter in England
  • Relocatable to suit the new owner
  • Plenty of repeat business

John Halifax Hatters, the business for sale, is an extremely well established hatter currently based in Somerset. It is a superb business that trades at county shows, flower shows and equine events country wide and is very profitable, coming complete with all equipment, excellent trading positions on the shows attended and an extremely good retail reputation built up over the last 30 years.

With the current owner now seeking retirement, the business requires a passionate new owner who would enjoy travelling the country and meeting new people. As its main business is on the show circuit, it could easily be relocated to any part of the country.

Originally a wholesale business but moving into the retail sector around 30 years ago, it has built up a portfolio of strong positions on the shows it attends as a result of excellent long-standing relationships with the various show organisers. The Company retails a range of hats, including many national and international brands alongside its own brands of fur felt trilbies, fedoras and flat caps, updating its lines to align with new seasons and all occasions.

The business retails predominantly at outdoor shows, with the season running from April to the end of September. The current owner attends 25-30 such shows a year plus seasonal events such as the Bath Christmas Market. The retail business is balanced by its wholesale side which has the ‘Susquehana Hat Co’ brand fur felt trilbies and fedoras and ‘John Foster’ brand caps.the wholesale side of the business ensures a consistent income all year round. An impressive turnover of £230,000 is split £150,000 retail and £80,000 wholesale.

This is a unique and exciting opportunity to purchase a longstanding hat retailer which is well known across the industry and has a very strong presence at county shows throughout the UK. The business would be well-suited to an individual or couple looking to throw themselves into a mobile lifestyle business, meet new people, travel the country during the summer and enjoy the financial rewards.

The business could easily be expanded by building upon the wholesale side. Updating the website with a new aesthetic and including further information would give the business a fresh new image. Being active on social media would also provide the company with further exposure and help gain new clients.

The current owner is willing to split the business with appropriate value adjustment if the new owner only wishes to take the retail part of the business, the current owner retaining the wholesale side.

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  • Currently run from a 2,000 sq foot warehouse in Somerset
  • Fully relocatable anywhere in the UK
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
This business does not require an EPC

Annual Turnover
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Annual Net Profit
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Stock at Valuation
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Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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