Unique Apparel Accessory Manufacturer, 42-Year Established Business

CA (Relocatable)

Unique Apparel Accessory Manufacturer, 42-Year Established Business
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Asking Price: $1,300,000

Cash Flow: $460,000

Gross Revenue: $3,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $1,500,000*

Rent: $9,000 /Month

Established: 1977

*not included in asking price.

Unique Apparel Accessory Manufacturer, 42-Year Established Business

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Business Description

Industry leader; unlimited potential for growth.

42-year established business, industry-leader, unlimited potential for growth.

Our Products:
We are the largest domestic manufacturer of unique apparel accessories, specializing in belts and suspenders, as well as imprinted belts, suspenders, arm bands, leg bands, and sock garters. We proudly offer items “Made in the USA,” with over 400 unique proprietary designs, which prohibits copying by other entities. We also create custom designs upon request.

Our Customers:
We have an established network of reliable, repeat customers. Approximately 80% of our sales are distributed domestically, and 20% internationally. Historically, we have supplied our products to major music & media personalities, including Madonna, One Direction, Willie Nelson, Jane Fonda, Larry King, Mork & Mindy; food industry tycoons, including Gordon Ramsay restaurants and Black Bear Diners; universities, including UC Berkeley; other well-known brands and entities, including Harley Davidson, West Point, King Gustav of Swedish royalty, etc. We supply retailers, wholesalers, and e-commerce customers in many different markets and industries.

Vendors:
We have an established network of domestic and international suppliers for all required materials.

Our Manufacturing Equipment:
Our production utilizes sophisticated machinery, most of which has been custom-designed to ensure maximum productivity and quality. The sale includes all such machinery and other equipment required in running the business, with an approximate market value of $750K.

Our Workforce:
We currently employ approximately 40 people.
Office:
1 part-time office manager who works out of a home office; 1 full-time customer service/sales person (on-site); 1 full-time administrative assistant/bookkeeper (on-site).
Production:
1 full-time production manager; 4 full-time department leaders compensated at $16-22/hour; 30-35 low-skill production workers who require no formal training and are compensated at minimum wage of $15/hour.

Cash Flow:
Current:
Our company is located in the single city in the United States with the absolute highest minimum wage of $15/hour. The company cash flow generated at this location is approximately $460K.
Potential:
We recommend moving the company out of our city to increase your cash flow by hundreds of thousands of dollars annually. Relocating to a city with a minimum wage at or around $11/hr would increase your cash flow by approximately $300K annually, bringing your cash flow to $760K.
Relocating to a city with an even lower minimum wage would increase your cash flow by approximately $500K annually, bringing your cash flow to $960K.

Inventory:
Our inventory, worth approximately $1.5 million, can be acquired gradually and/or on an as-needed basis to fill your need.

Broker inquiries invited.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
13,000
Lease Expiration:
N/A
Employees:
43
Facilities:
Our production utilizes sophisticated machinery, most of which has been custom-designed to ensure maximum efficiency and quality. The sale includes all such machinery and other equipment required in running the business (approximate value of $750,000).
Competition:
After 42 years in business, our domestic competition has nearly disappeared.
Growth & Expansion:
The opportunity for profit-generating growth and expansion is limitless. Increase your cash flow significantly by relocating out of the unusual $15/hour minimum wage city we currently operate in. Increase your profit margins by expanding the e-commerce customer base.
Financing:
$650,000 down payment requested.
Support & Training:
Sellers will provide training and transition services for a reasonable period of time.
Reason for Selling:
Sellers are retiring.
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Business Listed By:
John Nemec

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