Profile: Import & Wholesale Uniform Business.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Ron Varner, Agent
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| Primary Phone: |
310-200-5680 |
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| Alternate Phone: |
909-803-2296 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/7/08 |
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| Date Last Revised: |
10/28/08 |
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| BizBen Ad #: |
132536 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$950,000 |
| Down Payment: |
$950,000 |
| Annual Revenue: |
$2,000,000 |
| Annual Adjusted Net: |
$240,000 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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The Business Was Founded In 2001 By The Current Ownership To Provide Uniforms For Law Enforcement Agencies, Transportation Agencies, And Security Firms. These End Users Place Orders With Several Major Distributors Who In Turn Place Orders With This Business. The Business Has Developed Four Manufacturing Sources In Asia That Produce High Quality And Relative Low Cost Merchandise. This Business Provides Product Development And Design, Necessary Quality Assurance, Transportation, Customs Clearance, And The Financial Means To Facilitate Transactions. Merchandise Is Shipped Direct From The Manufacturer And There Is No Need To Warehouse Any Products. The Sale Of The Business Has Been Necessitated By Problems Within The Bank That Provided Required Working Capital Financing, Resulting In The Need For Current Ownership To Personally Provide Financing. This Has Put A Limitation On The Business And Resulted In A Reduced Annual Rate Of Sales From 2.5 Million To 2.0 Million, With Cash Flow At 250,000. With The Necessary Working Capital Financing, Sales Could Be Doubled. In Addition, There Is A Plan For Product Line Expansion That Can Add Sales And Profitability. If Desired, The Current Managing Owner Will Remain With The Business And Continue To Function As The Intermediary With Suppliers And With The Major Customers.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Ron Varner, Agent at 310-200-5680 or 909-803-2296 |
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