Founded 30+ years ago, the Company is a Niche Apparel Wholesale and E-Commerce Business that designs, manufactures, and distributes its own brand of apparel and accessories. Its products are available in 1,300+ brick-and-mortar locations throughout the U.S. and Canada, as well as a network of online platforms, including its own. The Company possesses a tenured management team with six core managers who run day-to-day operations. The Company has experienced significant growth, increasing revenues by over 50% from 2019 to 2021 and more than doubling Adj. EBITDA margins over the same period.
E-Commerce channels have emerged as a growing market for the Company, currently contributing approximately 26% of sales. With that said, wholesale markets remain the Company’s core focus as they contribute 74% of sales. The Company works to ensure it is not reliant on any one customer. Its top ten customers only account for 29.5% of total sales, with no one customer contributing more than 7% in 2021.
The owner does not contribute to daily operations except when assistance is requested from Company managers on an as-needed basis. This allows the owner to take a less active role, approximately 20 hours per week, primarily focused on strategy.
The owner is seeking to sell the Business to begin a transition into retirement. Ownership is willing to provide reasonable and customary transition assistance to the new owner(s) and is committed to the continued success of the Company and its employees following the transaction.
The Company operates out of an 11,000-square-foot facility that is rented from an unrelated third party. The facility contains plenty of room to expand on a short-term or long-term basis if needed as the Company continues to grow.
June 30, 2022 Revenue: $4,742,634
June 30, 2022 Cash Flow: $704,537 (Adjusted EBITDA)
June 30, 2022 Inventory: $996,412
Number of Employees: 16 (Including the Owner)
Facilities: The Company operates out of a single 11,000-square-foot facility. It is an open concept and promotes collaboration between employees. The Company’s facility is leased within a larger building and contains the opportunity to expand on a short-term or long-term basis.
Support/Training: Ownership is willing to provide reasonable and customary transition assistance and is committed to supporting the Company’s continued growth and its employees throughout a transition period.
Reasons for Selling: Ownership would like to begin their transition into retirement.
(1) Diversified Sales Channels
(2) Direct Involvement in Production Chain
(3) Reliable Team and Tight-Knit Company Culture
(1) Develop E-Commerce Sales Strategy
(2) Implement Updated Operating Systems
(3) Scale E-Commerce Product Lines
(4) Dedicated Wholesale Merchandising Packages
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this Niche Apparel Wholesale and E-Commerce Business for sale!