Upscale apparel retailer to Millennial market with $1m E-Comm

CA

Bomber Jacket
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Asking Price: $2,500,000

Cash Flow: N/A

Gross Revenue: $7,661,927

EBITDA: N/A

FF&E: N/A

Inventory: $1,775,000

Rent: $0.00

Established: N/A

Upscale apparel retailer to Millennial market with $1m E-Comm

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Business Description

This business is a multi-concept, omni-channel retailer of high-quality men’s and women’s fashion apparel directed toward the Millennial and Gen-X customer segments. The company’s private label brands appeal to a hip, younger, and decidedly tech-savvy clientele, while their on-line store has become its fastest growing source of revenues. Operational management team is highly experienced, with key employee tenure of 5-10 years.

The owner has assembled a solid management team and designed a collection of lifestyle brands that embrace the voice of their young urban customer. With solid demand for its high-margin private label products in place, the business is poised for continued growth.

Owner cites several key initiatives to grow revenues and optimize costs including: adding technology partners like Trendage to provide AI solutions for product recommendations; improving the customer experience by implementing NetSuite for real time inventory management and BOPIS functionality.

Owner would like to sell 100% of the company to an existing retail apparel operator / investor / executive with fashion merchandising and marketing experience, supply chain and/or E-commerce operations knowledge. The owner is willing to consider alternative structures to a 100% buyout, and also willing to remain involved in the business post-closing for a negotiable period of time, based upon the needs of the buyer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
45+
Facilities:
Multiple physical locations leased at under market rents with several years remaining plus options to renew. E-commerce site is fasting growing channel contributing over $1m annual revenues.
Competition:
This company understand the Millennial market as well as any of their competitors, and has thrived in the face of competition since prior to the recession. The Company’s omni-channel, multi-store success illustrates that their store aesthetic and brand mix resonate within the target market, suggesting potential appeal to young consumers in other similarly affluent urban neighborhoods.
Growth & Expansion:
The owner cites multiple growth opportunities, both online and off-line.
Support & Training:
Owner and all key employees are willing to remain as needed and can provide transitional training, as needed.
Reason for Selling:
Owner hopes to pursue other personal interests after operating for many years.
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Steven Smith

Business Listed By:
Steven Smith

The Waterfront Group

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