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Business For Sale

UNIFORM, APPAREL & FOOTWEAR DISTRIBUTOR

Attn: Not Available
SW State, LA, USA
Listing Number: "001770"
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Asking Price: Not Available
Business for Sale Industry: Wholesale/Distribution: Non-Durable  
Reason for Selling: other opportunities
Year Established: 1916
# of Employees: 40
Yearly Revenues: $7,300,000
Yearly EBITDA: $650,000
 

Business for Sale Overview:

This business has grown to a $60,00,000 per year multi-profit center company. The uniform division, with 60% of 2006 sales, is the Company's largest profit center, primarily supplying the oilfield industry with apparel and footwear. A retail division (37%) specializes in major brand work footwear, industrial work apparel, western and casual apparel, western boots, and school uniforms. The third division, the shoe truck, operates as a mobile retail store selling safety toe footwear to utility power plants, oilfield companies, paper mills, and other businesses. Plans are currently underway for expansion of the shoe truck, an innovative way of delivering footwear services directly to customers in the field, and the uniform division through better utilization of existing floor space and the existing customer database along with the addition of outside salespersons. Several unique systems are in place to allow the Company to accommodate its customer's needs, including the safety awards program that allows customers to make purchases while they manage their employee safety points and awards redemption. Management is not aware of a competitor that offers this capability. The customer base is strong, with the oldest customer having a 29 year history with the Company, and is comprised primarily of oilfield companies and workers, cattlemen/farmers, and construction workers. Marketing is through reputation, word-of-mouth, direct mail, and a comprehensive website. Including active management by the 2 principles, the staff is comprised of 40 full-time, non-union employees who handle management, administration, service/production, warehousing/shipping, and sales. The Company operates out of a single 25,000 square feet facility, consisting of a dedicated retail floor (15,000 square feet) with the remainder (10,000 square feet) divided between offices, production, and warehousing. The Company currently utilizes the entire building, however, the facility is expected to accommodate an increase in sales over the pro forma period.


Property Features and Assets:

25,000 square feet facility with adequate room for expansion


Market Competition and Expansion:

Consistent sales growth; 10,000 plus active, recurring customer accounts; No client comprising more than 10% of sales


Additional Details:

  • The property is owned.
  • 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.

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