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


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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.




Steve Lukes
Business Broker / M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

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