MergerPlace

PRICED FOR IMMEDIATE SALE

Burbank, California


  • Asking Price: $329,000
  • Gross Income: $1,487,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $250,000
  • FF&E: Not Disclosed
  • Listing ID: #212092
  • Established: 1988
  • Employees:

Business Description

THIS BUSINESS IS PRICED FOR IMMEDIATE SALE DUE TO SELLER’S HEALTH ISSUE. This is a unique opportunity to own a 25 year old, branded Los Angeles based manufacturer of athletic wear for men and women. In business for over 25 years, this company manufacturers all its products in Los Angeles and can proudly say “Made in the USA”. The company focuses on athletic wear and offers a large range of products.

The 8,500sf +/- facility is located in the Burbank area and can be relocated to Downtown LA or anywhere else in the greater LA area. The facility is highly improved with a long list of improvements including ample power. There is an impressive list of state of the art Equipment including several expensive pieces of equipment giving this company a competitive edge. The facility includes offices, design rooms and a large production area with all the necessary equipment including cutting boards, automatic trimming machines, several sewing machines, licensed software including an app with tablets to control orders, surveillance systems with cameras, plus a long list of other items all included in the purchase price. This is a “turn-key” state of the art facility and the owner has spent hundreds of thousands of dollars over the years in equipment, tenant improvements and maintenance. The lease for this facility is currently month to month and can be renewed (landlord to cooperate) or the business could be moved to downtown LA to reduce the rent cost and save drive time for certain employees who travel from LA. The current rent for the 8,500sf +/- facility is approximately $6,700/mo.

This business is priced for an immediate sale due to the seller’s health issues. The business is priced as a sale of assets in place and not based on cash flow. The business has averaged $1.4M - $1.7M in gross revenue in recent years. The year to date revenues are down and as per the seller, the seller has elected to take his foot off the pedal and has not offered certain services to his customers as he has done in the past. He has done this by choice to limit his involvement in the business due to his health situation. There has been limited if any marketing put in place recently including not attending trade shows for the last several years. As per the seller a buyer can easily bring back certain parts of the business including private label work, wholesale sales, etc. (seller to discuss further).

This is an excellent opportunity for someone to take over this well-known brand in the sportswear space within the apparel industry. Everything is in place and as per the seller, all the equipment is in great condition. The seller has recently spent thousands of dollars on several items that will be discussed. The seller will also provide ample training for a qualified buyer and discuss how someone could quickly ramp this business back up to previous profitability. This is an exceptional value and the purchase price includes:

- A large list of apparel manufacturing equipment
- $250,000+/- of inventory which includes finished products and raw material
- A well-respected and well-known trademarked brand
- (3) well positioned, newer, professional websites
- Amazon (Gold) storefront with multiple brand registries
- Large database of customers (both wholesale and retail)
- Trained employees including an operations manager who will stay on

As per the seller, the asking price is below liquidation value and includes many other items that will be discussed during a conference call. This transaction needs to be an all cash deal to the seller for the seller to pay off a certain amount of equipment loans and deliver the business free and clear of any loans. Those loans are not assumable. SBA or seller finance is not available for this transaction at this price. PLEASE NOTE, this business is being priced for an immediate sale and as a “Turn-Around” situation or sale of assets in place.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. The seller requires an all cash deal so no financing is available, therefore all buyers must be able to pay all cash at this price. Please hit the reply button or the Contact Seller button or email info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Manufacturing - Apparel
Location: California
Metropolitan Area: Burbank

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $329,000
Gross Revenue: $1,487,000
Inventory: $250,000
Seller Financing Available: No

Property Information

Facilities:

Highly improved, turn-key facility with offices, showroom, a large production area.

Growth & expansion opportunities:

Multiple Growth Opportunities. Seller To Discuss

Competition:

Seller To Discuss

Reason for selling:

Health Issues

Support & Training:

Seller will provide training at no cost to qualified buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Michael Cole

Certified Business Broker