Clothing Manf 30+ yrs LA. Women's Line

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Background

BizEx ID:BizEx1388-EM
General Location:Los Angeles, CA
Category: Business Services (B2B)
Apparel & Finished Fabrics
Years in Business:32
Under Present Owner:32
Hours of Operation:8 - 5, M - F
Owner Hours:Varies
Training:4 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:Buyer to sign a lease
Lease Options:Seller Owns, Offer Lease
Building Size:7000
Employees:4
Reason for Sale:Retirement

Financials

Asking Price:$600,000
Down Payment:Negotiable
Gross Sales:$900,000
Discretionary Cash Flow:$245,000
FF&E:$30,000
Inventory Included?Yes
Inventory:$50,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$7,000
Payroll:$3,300
Financing:SBA

2021
Gross Sales $ 900,000
Gross Profit $ 538,000
Disc. Earnings $ 245,000

Description

Women's Clothing Manufacture based in Los Angeles 30+ years.

Strong Brand recognition with Consumers and Retailers. 

Huge Niche Product Line.

Excellent Growth Opportunities.

This company designs woman's apparel and is known as a lifestyle brand that sets trends and does not follow them.  They produce contemporary and formal fashions that are well known for comfort and quality.  The products are designed in CA and samples are displayed at trade shows and showrooms around the US. The company has long term relationships with numerous manufacturing companies at below market rates.

They distribute through retail partners like Macy's, Bloomdales, Soft Surroundings and Victoria Secret.

Covid did impact revenues but the company stayed profitable and is in a strong position moving forward.  The company can easily return to 2019 revenue levels with no changes.  The operation is nimble, lean and run by dedicated, experience employees.  

100% of sales is through wholesale relationships throughout the US and they do no online distribution. This presents a great opportunity to implement online sales and increase distribution channels.  There is also an opportunity to increase product offerings as the company has stayed close to its original vision of contemporary and formal sweaters and outwear for women.  

Asset Sale to include all FF&E and Inventory - debt free. Seller will offer a reasonable training at COE.

For more information, please complete the "Buyer Registration" including a Non-Disclosure Agreement online at www.bizex.net

Dan Higgins, Business Broker; (714) 719-1809, dhiggins@bizex.net

Eric Mellem, Business Broker; (310) 293-6414, emellem@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.




Eric Mellem
Business Broker/ M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Dan Higgins
Marketing Consultant
4640 Admiralty Way, Suite 500
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

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