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Specialty Retailer of Sunglasses & Upscale Casual Apparel

Mid South

Specialty Retailer of Sunglasses & Upscale Casual Apparel
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Asking Price: N/A

Cash Flow: $1,500,000

Gross Revenue: $11,200,000

EBITDA: $1,200,000

FF&E: $575,000

Inventory: $3,900,000

Established: 2004

Specialty Retailer of Sunglasses & Upscale Casual Apparel

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Business Description

This multi-location retailer of upscale casual apparel and sunglasses, provides a wide assortment of the most popular brands combined with a high level of customer service. In 2017, revenue was derived from sunglasses (42%), men’s apparel (40%), women’s apparel (8%), and other products which include children’s items, footwear, accessories and miscellaneous hats, wallets, coolers, and stickers. The Company continues to maintain strong margins on its retail products. Over the years, the Company has expanded the total number of retail locations across the Southeast and offers customers a huge selection of name brand sunglasses and casual apparel. At each location, there is a dedicated team of professional sales associates whose goal is to provide customers with an informative and fun shopping experience. The Company carries popular brands in sunglasses and casual apparel.

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Detailed Information

Inventory:
Included in asking price
Employees:
88
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Based in the Southeast, the Company operates from a 1,400 SF headquarters facility that is leased from an unrelated third party. In addition, the Company's nine retail locations are leased from third parties and average 5,400 SF each.
Reason for Selling:
Retirement & Liquidity Purposes
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(from currently available funds)
 
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Barry DeWitt

Business Listed By:
Barry DeWitt

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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