35-Year Old Ladies Apparel Line/Manufacture “Contemporary”

Miami, FL (Miami-Dade County)

35-Year Old Ladies Apparel Line/Manufacture “Contemporary”
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Asking Price: $247,000

Cash Flow: $18,621

Gross Revenue: $724,038

EBITDA: $18,621

FF&E: $15,000

Inventory: $200,000

Rent: $4,000 /Month

Established: 1979

35-Year Old Ladies Apparel Line/Manufacture “Contemporary”

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Business Description

Contemporary women’s apparel line with strong brand following due to high quality of design, fabric, fit and workmanship. Company has been in business for over 30 years with loyal customer base, some since inception. Fabric is mostly imported from France, Italy and the UK and designed, cut, and sewn inhouse in Miami, FL. Over 400 active retail store customers, another 50/100 dormant. Strong sales presence in northeast, southeast and west coasts of U.S., areas with active sales reps. Potential for increase in sales by increasing sales force and online presence. The company has stores (customers) in every state. Over the past two years, had some turnover of sales reps which impacted sales, which has been corrected. The line sells itself, if the sales reps show the line, they get orders. Recently started selling online and working towards increasing online exposure, sales progressing nicely. Owner is the designer, will stay on if desired. The opportunity is taking the patterns and outsourcing the production where the labor costs are much less or to combine it with an acquiring company’s product lines/cross sell. An acquiring company with a sales force can easily blend the product line in with what they have and use their outsourced production resources.

Employees are all W-2 and work 30-40 hours per week, most are long-time employees. Accurate/clean accounting records.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
12/31/2018
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Industrial facility, $4,000 per month rent, month to month, can be converted to a lease. 8,000 S/F including office space.
Growth & Expansion:
Add sales reps and better manage the sales team. Increase online exposure to expand sales through online store.
Support & Training:
Negotiable
Reason for Selling:
Wants to only do designing - not run the busines
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(from currently available funds)
 
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Bob Dolan

Business Listed By:
Robert M Dolan

Dolan Sales, Inc.

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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