Apparel Accessory Manufacturer - Industry Leader

Not Disclosed, CA


Asking Price: Annual Revenue:
$1,300,000 $3,000,000

Manufacturing: Clothing, Jewelry


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RE: Apparel Accessory Manufacturer - Industry Leader Broker: Seller of Business

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $3,000,000
Net Profit: Not Disclosed
Cash Flow: $460,000
Total Debt: Not Disclosed
FF&E: $750,000
Real Estate: Not Disclosed
Year Established: 1977
Employees: 43
BBN Listing #: 590157226
Broker Reference #: Not Disclosed

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Business Overview:

42-year established business, industry-leader, unlimited potential for growth.

Our Products:
We are the largest domestic manufacturer of unique apparel accessories, specializing in belts and suspenders, as well as imprinted belts, suspenders, arm bands, leg bands, and sock garters. We proudly offer items “Made in the USA,” with over 400 unique proprietary designs, which prohibits copying by other entities. We also create custom designs upon request.

Our Customers:
We have an established network of reliable, repeat customers. Approximately 80% of our sales are distributed domestically, and 20% internationally. Historically, we have supplied our products to major music & media personalities, including Madonna, One Direction, Willie Nelson, Jane Fonda, Larry King, Mork & Mindy; food industry tycoons, including Gordon Ramsay restaurants and Black Bear Diners; universities, including UC Berkeley; other well-known brands and entities, including Harley Davidson, West Point, King Gustav of Swedish royalty, etc. We supply retailers, wholesalers, and e-commerce customers in many different markets and industries.

Vendors:
We have an established network of domestic and international suppliers for all required materials.

Our Manufacturing Equipment:
Our production utilizes sophisticated machinery, most of which has been custom-designed to ensure maximum productivity and quality. The sale includes all such machinery and other equipment required in running the business, with an approximate market value of $750K.

Our Workforce:
We currently employ approximately 40 people.
Office:
1 part-time office manager who works out of a home office; 1 full-time customer service/sales person (on-site); 1 full-time administrative assistant/bookkeeper (on-site).
Production:
1 full-time production manager; 4 full-time department leaders compensated at $16-22/hour; 30-35 low-skill production workers who require no formal training and are compensated at minimum wage of $15/hour.

Cash Flow:
Current:
Our company is located in the single city in the United States with the absolute highest minimum wage of $15/hour. The company cash flow generated at this location is approximately $460K.
Potential:
We recommend moving the company out of our city to increase your cash flow by hundreds of thousands of dollars annually. Relocating to a city with a minimum wage at or around $11/hr would increase your cash flow by approximately $300K annually, bringing your cash flow to $760K.
Relocating to a city with an even lower minimum wage would increase your cash flow by approximately $500K annually, bringing your cash flow to $960K.

Inventory:
Our inventory, worth approximately $1.5 million, can be acquired gradually and/or on an as-needed basis to fill your need.

Business broker inquiries invited.

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Property Features and Assets:

Manufacturing business operates on approximately 13,000 square feet. This is comprised of approximately 12,000 square feet of warehouse space, which includes complete manufacturing facility, storage for inventory, and 1,000 square feet of informal office space.

Market Competition and Expansion:

After 42 years in business, our domestic competition has nearly disappeared.

Reason for Selling:

Sellers are Retiring

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.

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