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Manufacturing & Sales - Specialty Apparel - Internet
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $700000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 1 - 3
Inventory 675000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Change of profession.
Description Manufacturing and Sales - Specialty Apparel business for sale. This 17 year old company specializes in a virtually non duplicatable market niche according to its owner. They manufacture primarily Chenille Robes, Sleepwear and Loungewear. In addition they create, manufacture and distribute licensed products and sell fabric directly.
Theirs is a very specialized product which at one point has been in virtually every major department store in the country. In addition their product is sold via other venues such as television home shopping networks. You've most probably seen their products prominently displayed in movies and sitcoms such as, ''Friends''.
Management has made a business decision over the past few years to pull back from selling to major retailers and today does business with a large number of smaller merchant groups. This has greatly improved the stability and the margins for this well established company.
As things stand now, this company is poised for explosive growth depending on the skills and wishes of the new ownership. Several existing business platforms present outstanding upside potential.
Currently the firm is headquartered in southern California with manufacturing located in the southeastern United States. However, the business is very movable and the new owner could consolidate operations in the southeast, or move it wherever desired.
The purchase price for this business includes over $500,000 worth of specialized. excellently maintained equipment used in the manufacture of product. Also included is $200,000 of current, sellable inventory.
The firm has several well maintained internet websites and there is a major opportunity to increase the internet sales component of this business.
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