Intimate Apparel with Overseas Manufacturing Facility

Los Angeles County, CA

Intimate Apparel with Overseas Manufacturing Facility
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Asking Price: $2,250,000

Cash Flow: $450,000

Gross Revenue: $1,750,000

EBITDA: N/A

FF&E: $180,000

Inventory: $150,000

Established: N/A

Intimate Apparel with Overseas Manufacturing Facility

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Business Description

US Corp and 100% legal ownership factory in HCMC Vietnam

The business consists of a USA administrative, buying and distributing office manufacturing OEM designs for customers. The production sells direct to catalog and online companies, and this a continuous business (over $1.5 M and for more than 10 years duration) Our overseas design, sampling and manufacturing facility (established 2002) is a legal 100% foreign ownership Vietnam corporation of 150-220 (depend on season) workers and staff including experienced HK and China factory manager, QC, mechanic, pattern maker and a sourcing staff in Guangzhou China. Total of 300 machines (will provide detail list for interested party only). Our OEM production for companies in USA, Australia, South Africa and Europe. Our suppliers are local (Vietnam) and from China many worked with us for many years. FYI this is for interested parties only.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Our USA warehouse office which can be relocated anywhere is 12,500 sq ft, this was the former production facility prior the opening of the Vietnam production facility in 2002. The overseas facility in HCMC, Vietnam consists of a office, sample and design room, warehouse and 4 line manufacturing areas for a total of around 51,700 square feet. The Vietnam facility is owned but not in the asking price. The rent is included the asking price for the first 12 months. The rent will be $6000 a month for the following12 months.
Competition:
All types of manufacturing in any industries are extremely competitive, but we strive to keep our quality high and price low and on time deliveries. At the moment you have an advantage in the current tariff environment.
Growth & Expansion:
There are many avenues for expanding the trade, we are currently selling through Amazon to retail customers. Most trade accounts do not require ongoing visits to maintain on US side, all designs furnish by customers will be initially work by the sample room in the factory in Vietnam. Once the samples are approved the order process begins. Purchasing the supplies for the orders and ship them to the factory to be process. New customers can be acquired by doing trade shows, emails and trade publication marketing.
Support & Training:
If needed I can spend 12 months (if desired by new owners) to acquaint new owners with designs, manufacturing, customers, sourcing fabrication and accessories and materials, overseas workshop, IT systems, etc
Reason for Selling:
Would like to retire and spend time with family.
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Business Listed By:
Patrick Ding

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