Clothing Manf/Design, Womens, Wholesale, 34 yrs

Home / Listing / Clothing Manf/Design, Womens, Wholesale, 34 yrs

Background

BizEx ID:BizEx1299-EM
General Location:Los Angeles, CA
Category: Wholesale/Distribution
Apparel & Finished Fabrics
Years in Business:33
Under Present Owner:33
Hours of Operation:9-5, M-F
Owner Hours:Varies
Training:4 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:M2M
Lease Options:Yes
Building Size:9,000
Employees:6
Reason for Sale:Retirement

Financials

Asking Price:$395,000
Down Payment:Negotiable
Gross Sales:$850,000
Discretionary Cash Flow:$145,000
FF&E:$30,000
Inventory Included?Yes
Inventory:$150,000
Min. Operating Capital:
Real Estate Available?No
Rent:$7,000
Payroll:$13,000
Financing:SBA

2019 2018 2017
Gross Sales $ 852,000 $ 1,400,000 $ 1,720,000
Gross Profit $ $ $
Disc. Earnings $ 145,000 $ 200,000 $ 266,000

Description

Women's Clothing Design and Manufacturing, Wholesale Nationwide, based in Los Angeles - 34 years

This branded company is well-known throughout the clothing and fashion industry. Its niche designs of women's pants and tops have been in high demand for decades with the numerous boutiques that they have developed a strong relationship with. They design and manufacture their own pieces at their 9,000 sq. ft. LA location and sell strictly wholesale to around 700 retail stores nationwide. 

They have a strong presence in resort areas through the nation with high concentration in California, Florida, Las Vegas, Arizona, Boston and virtually in every state's tourist areas. The company also has a long-term relationship with Nordstrom and Dillard's and many catalog clothing companies. 

Growth Opportunities: This company is well established in the clothing industry with a solid base and numerous relationships from which to build on. There are numerous opportunities for increasing products and revenue. The sellers have 100s of designs and are offering training and guidance to a new owner.  

For more information complete the Registration at https://www.bizex.net/buy-business/register.

Eric Mellem, Business Broker at (310) 293-6414, emellem@bizex.net. Don Mellem, Business Broker, (949) 842-8154, dmellem@bizex.net


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.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations