Owner Financing is Available
Business Overview:
This company has licensing agreements with world wide recognized clothing labels and is a leading manufacture of Ladies, Men and Children swimwear. Net Assets in the total amount of $1,183,872 consisting of Factor Receivable. The licensing agreement is world wide rights and allows the company to manufacture and distribute Swimwear, Tanning Lotion, Boogie Boards, Beach Towels etc. The company ships and sells to 1,972 retail outlets and has Distributors in North America, Middle East, Australia, Canada, Mexico, Brazil, Germany, France, Sweden, Norway and Spain. The company has booked orders and anticipates total gross sales for 2009 at $12,000,000 The company has 15 employees and 6 Independent Sales Reps. Net Assets in the total amount of $1,183,872 consisting of Factor Receivable $1,050,134 Accounts Receivable $6,710 Inventory $732,767 and Accounts Payable included in sale price.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Company occupies a 3,000 square feet showroom and a 3,500 square feet. Office/Warehouse Aggregate Rent is $4,870 per month.
Market Competition and Expansion:
The company has licensing agreements with 5 world known brands. There is no competition.
Reason for Selling:
Partnership dispute
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.