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Asking Price:	$1,299,000 USD USA Dollars
Business for Sale Industry:	Technology: Internet
Reason for Selling:	new ventures
Year Established:	1999
# of Employees:	5
Yearly Revenues:	$1,842,000
Yearly Cash Flow:	$400000
Yearly Net Profit:	$400000

Business for Sale Overview:

This high growth (23% year over year), owner-operated E-tailer has customers in 50 countries around the world. This is an extraordinary chance to own a cutting edge company for a reasonable price with an established customer base. The Company was founded in 1999 when the owner saw that for the consumer there were no significant venues for Hip Hop or Urban Clothing. Initially started selling items that were popular and in demand among the younger population of celebrity, Hip Hop, Skate, and Street Ware. In 2003 the website was launched and soon became the number one Supplier of authentic street wear with exceptional customer service. In 2008 sales are expected close to $1.9MM, with a Seller’s Discretionary Cash Flow of close to $400K. Price includes $200K of Inventory. Go to www.CrossRoadsBusiness.com and download an NDA. Fax to Vasilis Georgiou at 949-266-8495.

Property Features and Assets:

The company has grown aggressively year after year, and has customers in 50 countries around the world. Over its 9 years of operation, many competitors have come and gone while it has steadily grown into one of the largest and most profitable Urban Wear E-tailers on the web. This growth shows no signs of slowing, and the Company believes that the conditions exist for continued expansion in the coming years. The U.S. Department of Commerce reported that online retail sales grew by almost 25 percent annually in recent years, to an estimated $86.3 billion. While no figures are currently available for the online Apparel industry, in those industries that have been studied it has been found that online sales are steadily gaining a greater share of the overall market.

Market Competition and Expansion:

In 2008 sales are expected close to $1.85MM, with a Seller’s Discretionary Cash Flow of close to $400,000. Price includes $200,000 of Inventory.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be willing to work for 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.