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For Sale: Clothing Stores - 3 Units - Orange County

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Current Status: Active     Posting #: 252888     Last Refreshed: 9/18/19     BRE License #: 01820673    
Contact: Rick Carlson At 833-776-6682 X816  -  Also Email This Contact Below
Price:  $450,000     Down:  Call     Adjusted Net:  Call     Revenue:  $609,922    
Business Address:  None Given     City:  None Given     Zip:  92618    
Attributes:  Financial Assistance, Training & Support, Owner Financing     Cooperation With Brokers?  Yes

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  Description About This Posting: Clothing Stores - 3 Units
Popular men's clothing brand expanding from Taiwan to Southern California has three new retail stores located in well-known and high-traffic shopping centers.

The brand produces attire, from shoes to shirts and suits that have a distinct European style with a touch Asian-inspired flare. The clothing aims for the market of men who are looking for elegant fashion choices at affordable prices. Since its U.S. opening in 2016, revenue has grown tenfold.

Sellers, those who currently hold exclusive distribution rights for Southern California, have invested upward of $485,000 building out well-designed and attractive stores and have create a warm, modern and fashionable spaces in which customers feel comfortable and pampered, while providing the best products to its customers. This is a substantial value to a Buyer who will not have to invest any money in improvements for years to come.

Governed by the parent company of an international brand, the Sellers have experienced more barriers to operating smoothly in the U.S. market than anticipated. They attribute these obstacles to language and cultural differences as it relates to staff management and operating systems; how to run efficient operations and keep expenses down. They hope to find a local Buyer that already has expertise in running fashion industry operations in the U.S. market so the stores can thrive and the brand will continue to grow here.

The sale includes exclusive distribution rights in Southern California; the leasehold improvements of all four stores; all shares and assets of the U.S. corporation. The existing inventory, subject to change and to be detailed at closing, will be available for the business Buyer to purchase at cost.

Pictures and additional information are available with NDA.

Detailed information

Facilities: Three 1,500 to 3800 sq., ft. stores in Southern California plus office space in Brea.

Competition: Fashion is a competitive industry, but this brand is highly differentiated and there are typically few stores offering menswear items that cannot be already be found at multiple locations.

Growth & Expansion: A Buyer could grow customer its base with targeted social media and targeted advertising. Much potential exists for additional stores in other locations. An owner who does well in human resources and expense management can certainly take the business to the next level.

Financing: If the price and deal structure is right.

Support & Training: 4 weeks at 20 hours per week.

Reason for Selling: Change of distribution strategy for the U.S. market.

To get more information about this Clothing Stores - 3 Units business for sale in Orange County please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 X816 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #252888 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Clothing Stores - 3 Units, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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  Helpful Resources To Assist In Selling And Buying California Businesses

Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Peter Siegel, MBA, BizBen Founder, Lead Facilitator - ProBuy, ProSell

Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both platforms. I consult daily with business buyers, owner/sellers, and intermediaries daily about buying and selling businesses. Reach me direct at 925-785-3118.

Helen Yoo, New Century Escrow - Escrow Services In Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Shalonda Chappel-Pilgram: Escrow & Bulk Sale Services - Southern California

Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence

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