Contact: Chris Ververis At 702-410-7693 - Also Email This Contact Below
Asking Price: $2,300,000 Down Payment: $550,000
Annual SDC: $461,960
Annual Gross: $3,400,000
Attributes: Broker-Broker Coop, Training & Support, Relocatable
42-year established business, industry-leader in apparel manufacturing and it has and unlimited potential for growth. This company is 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. The company proudly offer items "Made in the USA," with over 400 unique proprietary designs, which prohibits copying by other entities. Custom designs are made upon request from customers. Production equipment utilizes sophisticated machinery, most of which has been custom-designed to ensure maximum productivity and quality. This manufacturer has an established network of reliable, long term repeat customers. Approximately 80% of the sales are distributed domestically, and 20% internationally. Historically, this manufacturer has been a supplier of 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. This is a very stable and profitable business. It is located in an area that demands high minimum wages and the profit can be doubled if relocated to another more favorable wage state.
This is a leased location of 13,000 square feet with a Total Rent of $12,500. Lease has two 3 year lease options. Seller is active in the business with 42 full-time employees and 1 part-time employee. Hours of operation are 9 am to 5 pm, Mon-Fri. $1,500,000 in Inventory and $600,000 in FF&E included in Asking Price. $100,000 made in Leasehold Improvements.
To get more information about this Apparel Manufacturer business for sale in
San Francisco County please phone Chris Ververis (Agent - BRE License #:02066622) at 702-410-7693 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #257200 on BizBen.com. In addition to phoning
Chris Ververis, make sure you email Chris Ververis above to get more info about this
Apparel Manufacturer, to ask any questions or request an appointment to see this
business for sale. Thank you.