Forbes Featured B2B Apparel Manufacturer and design
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Background
| BizEx ID: | BizEx1359-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Apparel & Finished Fabrics Business Services |
| Years in Business: | 10 |
| Under Present Owner: | all |
| Hours of Operation: | 10am to 6pm |
| Owner Hours: | 10am - 6pm |
| Training: | None |
| Organization Type: | S-Corp |
| Lease Expiration: | |
| Lease Options: | month to month |
| Building Size: | 3,000 |
| Employees: | 6 |
| Reason for Sale: | other business ventures |
Financials
| Asking Price: | $1,000,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $3,963,082 |
| Discretionary Cash Flow: | $398,081 |
| FF&E: | |
| Inventory Included? | Yes |
| Inventory: | $70,000 |
| Min. Operating Capital: | $150,000 |
| Real Estate Available? | No |
| Rent: | $3,800 |
| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Gross Sales | $ 2,063,228 | $ 3,854,780 | $ |
| Gross Profit | $ 660,416 | $ 1,379,668 | $ |
| Disc. Earnings | $ | $ 398,081 | $ |
Description
The company redefined the way that clothing is developed, produced, and distributed in the United States. Based out of SoCal, they provide fashion designers with a personalized, in-house product development team which includes a dedicated project manager and the best sourcing specialists, patternmakers, and sample makers. They also provide full-package production services across all knit and woven apparel categories. In an effort to increase margins in 2021, the founders scaled the business back while they worked on a different strategy. They are confident that they could return to 2020 financial performance without much effort and would be open to helping out post sale.
More Info:
• Seeking 100% buyout
• Owner's/Founder's would be willing to stay on post sale
• Flexibility on deal structure
Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net
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.
