Producer of Private Label Socks, Est 50+ years

NC (Relocatable)

sock business for sale
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Asking Price: Get Financing: N/A

Cash Flow: $650,000

Gross Revenue: $4,000,000

EBITDA: $500,000

FF&E: $25,000

Inventory: $250,000

Real Estate: N/A

Established: 1970

Producer of Private Label Socks, Est 50+ years

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Business Description

The Hatteras Group is excited to represent the owners of this growing, profitable sock company. Established for over 50 years, the company produces private label dress/casual socks for major retailers. Products include men’s, women’s and children’s styles with a total of 300 to 400 SKUs. Customers include major apparel retailers. Following a successful pivot from manufacturing product in-house, products are sourced from mills in Asia and imported to the company’s facilities or direct to customer distribution centers.

This would make be a great addition to any company in the sock or apparel industry who seeks to add major customers or extend product offerings. Company may be relocated if necessary.

Acquisition highlights include;

• 2016 Sales of $4 million with $650,000 SDE
o Over 40% growth from previous year
• Company operates from aprox. 40,000 SF facility with offices and outlet store, available for lease.
• 7 employees include 2 working owners
• Key sales management is willing to remain for an extended transition if needed.
• Asking Price has not been established, Seller is accepting reasonable offers from qualified parties.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
40,000
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
negotiable for a qualified buyer
Reason for Selling:
To pursue other business interest in real estate development and management
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Contact the Seller

(from currently available funds)
 
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Alan Clark

Business Listed By:
Alan Clark

The Hatteras Group

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