Broker Info

Miles M. Logothetis Business Broker (310) 882-2200 ext 105 LIC# 01406738

Summary

For Sale, a manufacturer and embellisher of clothing in the Los Angeles area. Their niche is promotional clothing for fortune 500 companies like Herbalife. This business thrives in the current market conditions because they can provide service to small orders, high quality product, and quick turn-around times that other companies can't provide. They are able to maintain higher margins because their customers have come to trust their availability, quality, and on-time delivery (which is extremely important at clients' promotional events). Their high-margin specialty products and services include rhinestones, labeling, motifs, heat transfers, appliques, screen printing, trims, specialty stitching, private labels, flock transfer, graphic transfer, patches, foil transfer, holograms, full design services, and much more. Growth opportunities stem from this company's top-down integration in embellishing which makes this company the ideal platform for a new owner to launch their own clothing line. Historically, the promotional clothing niche has been recession resistant. Gross sales were 1.4 million in 2007, 1 million in 2006, 1.2 million in 2005, 1.5 million in 2004. Sales for 2008 are currently on track to meet or exceed 1.4 million. Current owner is selling to focus his full attention on a new business venture. The ideal new owner should be able to manage about 10 to 12 employees (which includes a small office staff, a design team, and small sales force) and be comfortable with marketing. A keen eye for fashion trends is helpful.

Interested parties should register as a buyer online at www.BizEx.net or call Miles Logothetis at (310) 882-2200 Ext. 105 or David Chung at (310) 882-2200 Ext. 103 for more details on this exciting opportunity.

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