Active
Apparel Manufacturer with Unmatched Durability! (38011)
Prequalified at full asking price by a preferred lender! This specialized apparel business manufactures garments and accessories including uniquely designed products with proprietary material. This reputable company leads this niche of the industry thanks to performance and the quality offered in shirts, activewear, outerwear, workwear, accessories and more. With a nationwide client base, no individual client makes over 10% of the annual income. The organized team of 28 nonunion employees includes department managers which are likely to stay. The ownership is available for standard transitioning and consultation as needed. With Working Capital, Receivables & Payables included for a stock sale, Revenues totaled $3,821,000 in 2023 with Discretionary Earnings of $920,948 and EBITDAs of $ 731,499, plus Sales forecasts up to $4.2 Million for 2024! Two company buildings measure 15,400 square feet featuring production and warehousing facilities with office space, available for optional purchase or long-term lease of approximately $6,000 monthly. Flexible growth opportunities exist through strategic expansions and partnerships to new advertising efforts or added workers. While maintaining an informative website, sales programs and online presence on social media, the primary sales are driven from verbal referrals backed by a wide, recurring customer base and ongoing reputation. This exceptional company with profits of over 20% won’t last long. Contact IAG for more information!
Listed By: Paula Kruger
Background information
Seller Number:
38011
Year established:
Started 2009; Incorporated in 2017.
Reason selling:
N/A.
Finance
Sales:
$3,821,000
Profits:
$920,948
Profit type:
Discretionary Earnings
Operations
Employees:
28 nonunion.
Equipment:
$182,804 (includes Furniture)
Inventory:
$585,448
Premises
Facility:
Property ranged between $1.1 - $1.4 Million is available for optional purchase.
Square footage:
15,400+/-
Rent and lease terms:
Can hold a Tenancy of $6,000 monthly.
Opportunities
Market:
Website, Sales Programs, Social Media & Referral Sources.
Price and terms
Price:
$3,700,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Seller is available for standard acclimation and consultation as needed.