UV Apparel and Pet Apparel Business

San Diego County, CA (Relocatable)

Seller Financing Available
UV Apparel and Pet Apparel Business
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Asking Price: $1,100,000

Cash Flow: N/A

Gross Revenue: $3,300,000

EBITDA: $150,000

FF&E: N/A

Inventory: $1,000,000

Rent: $10,000 /Month

Established: 2001

UV Apparel and Pet Apparel Business

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Business Description

Specialized UV Protective Apparel Manufacturing and Ecommerce Business

An attractive focused market, high growth rates, a proven model, credible influencers, “green” attributes, and the ability to make a difference – an enviable combination and a unique business opportunity.

Since its inception in 2002, The Company has sold its UV protective products through 2 main brands. Over the years, these two brands have established themselves in the market as high quality, high fashion products. The company has seen growing demand for its products and a growing awareness by consumers about sun safety as well as the environmental issues. The medical and scientific communities have played a central role in driving this awareness. They see sun safety as both a public health and environmental pollution issue, and their advocacy brings a high level of credibility to the UV apparel market.
The Company has developed and implemented an effective strategy of 1) Focusing on solutions for important issues and 2) Combining UV protection with style (attention to fashion, design and comfort). By offering what is essentially a health product, the Company participates in two high growth markets – health and high tech apparel. The high level of interest in this new market can be seen through press recognition the Company has received (e.g. Wall Street Journal, Good Morning America, the Today Show and The Early Show).

Company Strengths
• Main brand in marketplace for 17+ years with reputation of excellent products and customer service.
• Full in house design capability
• Full in house manufacturing capability – cut, sew, silkscreen, and dye sublimation
• Strong secondary brands focused on similiar niche - pet, value priced, seasonal products
• Long term, established relationships with off shore suppliers and manufacturers.
• Successful international material sourcing and outsourced production.
• Positive environmental contributions by reducing the use of chemical sunscreens and increasingly using recycled fabrics and components.
• Continual revenue growth – 2016 = $3.18m, 2017 =$3.2m, 2018 = $3.33m
• Positive EBITDA

NOTE: Current outstanding debt is around $685k. This is to be assumed by buyer as part of purchase price. $365k is LT LOC with Chase. Cash to seller at close will be around $415k.

Detailed Information

Location:
San Diego County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
13,500
Lease Expiration:
12/31/2021
Employees:
20
Facilities:
Purchase would include a large amount of sell-able, current inventory, sewing machines, cutting table, silkscreen shop, dye sublimation equipment and all shelving, computers, furniture and fixtures. Building is available for continued lease at negotiated rates.
Competition:
Niche market with 3-5 competitors. Products provide a health benefit that is increasingly in the news driving demand for products being sold.
Growth & Expansion:
Business is currently in full operation. New owner can step in an continue operation with no changes. If buyer currently has a successful Amazon.com or Walmart.com business, this business will enhance that current business. Positive - increasing awareness of the need for non chemical sunscreens Challenges - Needs: Expand channels to reduce reliance on Amazon, working capital, marketing resources
Financing:
Price includes $685k assumption of loans.
Support & Training:
6 month support and training available
Reason for Selling:
Owner making life changes and business needs fresh new marketing approach
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Business Listed By:
john westgarth

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