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.
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.
