Business for Sale

Specialized Apparel Manufacturer

BizEx1209-DM

Background

General Location:Los Angeles, CA
Category: Miscellaneous Repair
Apparel & Finished Fabrics
Years in Business:18
Under Present Owner:18
Hours of Operation:M-F
Owner Hours:
Training:8 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:2 years
Lease Options:2 years
Building Size:42,000 sq. ft.
Employees:50
Reason for Sale:owner is 75 and wants to retire

Financials

Asking Price:$1,280,000
Down Payment:Negotiable
Gross Sales:$2,454,000
Discretionary Cash Flow:$326,000
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$40,000
Financing:SBA

2017 2016 2015
Gross Sales $ 2,454,232 $ 2,126,250 $ 1,950,856
Gross Profit $ $ $
Disc. Earnings $ 376,073 $ 212,760 $ 193,684

Description

The company has a very unique niche in the garment industry. This Los Angeles based company was established in 2000 during a time when a lot of local manufacturing started shifting their operations overseas. When these garments were shipped back to the US, the founder saw something he did not like. Many of these goods came back with imperfections. Realizing that it was not feasible to send them back for repair, the owner started this business to do the repairs in LA.  With such a large amount of apparel for the US coming through the LA Port, this business has been profitable from the beginning. The company never solicits business. They have no sales people or marketing budget. What they do have is a stellar reputation. 

The owner is selling the business because he is 75 and wants to retire. An energetic buyer could easily grow this business.

More information about this business and its growth potential are available to qualified, interested parties that have completed the NDA/Confidentiality Agreement. This can be accomplished by registering as a buyer at www.bizex.net and by contacting Dan Munter at 310-88202200 ext. 121. 

 
 
 


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

Return to Listings





Dan Munter
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 121
Direct: (310) 722-1138
Lic#: 01871136