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For Sale: Branded Fashion Accessories With 2 Retail Stores - Los Angeles County

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Current Status: Active     Posting #: 242623     Last Refreshed: 9/27/18     BRE License #: 01484102    
Contact: Tom Culo At 310-882-2200 X153  -  Also Email This Contact Below
Price:  $1,390,000     Down:  Call     Adjusted Net:  $637,000     Revenue:  $3,450,000    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Branded Fashion Accessories With 2 Retail Stores
A long-time successful fashion accessories business with a truly world class product line including handbags, scarves, jewelry, and belts.

Two separate brands with separate product lines. One brand features high-quality genuine leather products and the other offers products made of vegan leather.

The quality of the products and design is truly exceptional. A publicly traded US fashion company extended an offer to acquire the business and its product portfolio a few years ago at a substantially higher revenue multiple.

The business has two retail stores in prime West Los Angeles locations. The products are also being sold in leading US department stores as well as internationally.

Most recently, the business went through a round of restructuring, reducing the number of employees, improving logistics, cutting tradeshow expenses by $240,000, etc. The intention was to adapt the promotional strategy and focus on developing online sales channels. The net income projections reflect the implemented changes and are showing significant improvement compared with the last year's figures.

The business still has negligible online sales and virtually no presence on social media. A dedicated operator could greatly increase the bottom line, particularly since the buyers of the brand are mainly in the 20-35 age range and are likely to be responsive to the new strategy.

For contact information, please go to https://tomculo.com/.

To register as a buyer please go to Buyer Registration.

To get more information about this Branded Fashion Accessories With 2 Retail Stores business for sale in Los Angeles County please phone Tom Culo (Broker - BRE License #:01484102) at 310-882-2200 X153 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #242623 on BizBen.com. In addition to phoning Tom Culo, make sure you email Tom Culo above to get more info about this Branded Fashion Accessories With 2 Retail Stores, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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