Established Wholesale Clothing – Profitable w/ Nationwide Distribution

Los Angeles, CA (Los Angeles County)

Established Wholesale Clothing – Profitable w/ Nationwide Distribution

Asking Price:$750,000

Cash Flow:$523,437

Gross Revenue:$2,171,586

EBITDA:N/A

FF&E:N/A

Inventory:$30,000*

Established:1986

*not included in asking price.

Established Wholesale Clothing – Profitable w/ Nationwide Distribution

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Business Description

This well established clothing manufacturer and wholesaler was founded in 1986. The company has built a solid 700 account client base primarily comprised of small “contemporary missy” boutiques, as well as a few popular catalogues, that primarily cater to middle aged to mature females across the US, Canada and Puerto Rico. The firm outsources, but wholly oversees its manufacturing which takes place in downtown Los Angeles and has 2 non-exclusive sales representatives that oversee two regions of the country and participate in local shows. They produce an annual fall and spring line.

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Detailed Information

Inventory:
Not included in asking price
Employees:
3
Facilities:
This business operates out of a 3,000 square foot retail space for $3,700 per month on a secure lease, with a new lease to be negotiated in the sale. All of the business's furniture, fixtures, equipment and tremendous goodwill will be included in the sale. Between $20,000 and $40,000 in raw material and finished product inventory will be sold at cost at close.
Competition:
While competition certainly exists in all facets of the fashion industry, this firm has developed a retail and catalogue client base whose customers are loyal to the brand. The firm’s 30 years of goodwill provides it an unmatched level of credibility.
Growth & Expansion:
The firm typically attends two Las Vegas trade shows per year, however, could potentially increase business by being even more active in the trade show circuit. They do have 2 non-exclusive sales representatives that oversee two regions of the country, however, more may be appointed. Finally, the company does not engage in direct to consumer sales, but may choose to do so on Amazon, Etsy or via their own catalogue with relatively low risk of a channel conflict being created with their customer base
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Retirement

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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