Business for Sale

Manufacturer and Wholesaler of Children's Formal Wear and Hosiery

BizEx82-ML

Background

General Location:Los Angeles, CA
Category: Wholesale/Distribution
Apparel & Finished Fabrics
Years in Business:25
Under Present Owner:5.5
Hours of Operation:M-F 8:30AM to 5:00PM
Owner Hours:40 hrs/wk
Training:4 weeks @ 20 hours
Organization Type:
Lease Expiration:9/30/2013
Lease Options:
Building Size:5,664
Employees:7
Reason for Sale:Partner is relocating

Financials

Asking Price:$540,000
Down Payment:Negotiable
Gross Sales:$489,909
Discretionary Cash Flow:$46,831
FF&E:$30,000
Inventory Included?
Inventory:$538,000
Min. Operating Capital:
Real Estate Available?No
Rent:$4,120
Financing:Call

2010 2011 Jun 2012
Gross Sales $ 542,279 $ 698,494 $ 489,909
Gross Profit $ 239,313 $ 294,572 $ 245,864
Disc. Earnings $ $ $ 46,831

Description

Business for Sale is a manufacturer and wholesaler of children's hosiery (socks & tights), dresses, boys clothing, suits, tuxedos, and accessories with increasing sales, a reputation for high quality merchandise, and an expandable sales base, which includes international sales. This business has been operating for more than 20 years, has an excellent reputation for quality products, and has undergone revitalization by the current owner. The business has emerged from the revitalization a much stronger company with an improved supply chain. As a result, the business is experiencing increasing sales and its profitability is trending higher.

This company makes an excellent acquisition for an individual with a strong sales background, and the ability to cultivate existing markets as well as developing new ones. It is an ideal acquisition for a company that would like to capture the benefits of either horizontally or vertically integrating.

The buyer will benefit from a strong supply chain producing and distributing high quality products, a brand known for its quality, and an established clientele.

Opportunities to grow this business abound because the current business does not have a dedicated sales manager in place to capture the full potential of their existing markets or to expand into new markets. The ideal new business owner should be confident in sales, be proficient in customer relations, and be able to manage approximately 3 to 5 employees to fully capitalize on the sales upside potential. Potential new owners should register at bizex.net and contact Miles Logothetis at 310-882-2200 ext. 105.


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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.

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Miles M. Logothetis
Business Broker
4551 Glencoe Ave., suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 105
Direct: (310) 919-7477
Lic#: 01406738