Industrial Webbing, Elastics, and Knitting Company

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$2,999,000 $2,950,000

Manufacturing: Clothing, Jewelry

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RE: Industrial Webbing, Elastics, and Knitting Company Broker: NICK MERCURO

Quick Facts

Asking Price: $2,999,000
Annual Revenue: $2,950,000
Net Profit: Not Disclosed
Cash Flow: $750,000
Total Debt: Not Disclosed
FF&E: $600,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 28
BBN Listing #: 320752285
Broker Reference #: Not Disclosed

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Business Overview:

Located in Southern California is one of the nation’s leading specialty manufacturers of knitted and woven narrow fabrics and industrial webbing. Their services include weaving, knitting, dyeing, printing and shipping. All of their products are manufactured in the United States and are therefore available to clients without the delays of waiting for shipments from overseas. They have an industry wide reputation for their ability to deliver difficult to manufacture specialty designs, prints on fabrics and elastics. They often work directly with clients designing and creating novel and economical solutions to augment and improve the customers’ existing products.

Over the years they have successfully introduced a number of innovative and fresh new products throughout the various industries they work with.

This company has demonstrated the consistent ability grow both their top line and bottom line profits. Quality, on-time delivery and innovation are often the differentiator that consistently gets the order. The current owner, is seeking to retire and as such has been declining additional business in recent years. There is a growing demand for their products and design capability. Consequently, an enormous opportunity for future growth driven by an energetic new owner. Current owner will stay during transition and would thereafter be willing to remain on in a consulting role if desired. This could be an ideal bolt-on acquisition for an existing platform company in the industry.

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Property Features and Assets:

Extensive and well-maintained high quality manufacturing machinery and over $600,000 in Inventory.

Market Competition and Expansion:

The company enjoys a highly diversified customer base; enjoying recurring income from clients that return given the high level of quality of their production. Clients are often otherwise unable to find another U.S. based competitor that that can meet both their quality and design requirements. Given the Company’s unique ability to manufacture unique and exclusive product creations they benefit from unusually high margins often as high as 25%. Their products find applications in a number of different and highly diverse industries including: * Military- Where nylon and polyester webbing provides the benefits of both longevity and functionality. Military work requires the highest standard of dependability and reliability that are the hallmark of the Company. Given the highest standard of quality, price is often a secondary consideration. * High Fashion – The Company’s woven products are frequently used in fashion. They include woven cotton, nylon tape, fancy elastic, Cluny lacy and trip products. These products can be used for full garments to lace trim. * Sports Applications- Given the strength and versatility of their webbing product they are often used in sports related applications. Their ability to creatively use Sublimation Printing allows private branding in a highly stylish manner. * Additionally – they frequently manufacture for the medical, automotive and packaging industries.

Reason for Selling:

Owner Retiring.

Additional Details:

  • The property is owned.
  • The owner is not 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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