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Contract Clothing Manufacturer
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $3239921
Net Profit / Cash Flow $237362
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 35 - 49
Inventory 700000
Relocatable Yes
Number of Employees 35 - 49
Real Estate Leased
Training Seller staying with business
Reason for Sale Other business interest
Description 80% interest in both companies. Established in 1987. Assets in the total amount of $708,621 consisting of Machinery & Equipment, Furniture and Computers included in purchase price. Accounts Receivable and Accounts Payable and Cash in Banks excluded from purchase price. The present owner will stay on as an employee as marketing director. Company occupies 15,000 Sq. Ft. - Hours Mon-Friday 8:00 - 4:00
The contract clothing company is one of the major ladies and children private label contract clothing manufacturing operations on the west coast. The company employs an average working staff of 25 full and part time employees. The company designs, manufactures clothing for True Religion, Raj Manufacturing, Icer Brand etc. The company specializes in Embroidery, Silk Screening, Heat Transfer, Sequins, Die Cutting, Die Making, Nail Head and Appliqu‚ The company also has its own line of ladies clothing under their own brand name.
The company is an anomaly in this day of off shore competition. It offers complete outsource package services to their customers, quick to market turnaround and original design products all produced domestically in Los Angeles.
The Ladies clothing distributor has the exclusive rights in the United States to sell a famous European clothing line which is sold extensively in Russia, Greece Germany, Australia and Japan. The company sells to boutique stores and a few chain stores in the USA only. The company has 2 part time designers and 4 sales representatives in Texas, Florida and New York. At the present time the company has confirmed orders from Sears and Kmart.
Purchase price for 80% of both companies 850,000
Down payment 425,000
Seller financing 425,000
Contact - David Barry
310-279-5133
Click Here To Contact Seller
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