Situated in Massachusetts, this business specializes in the import and wholesale of customized apparel, plus its licensed line of university hoodie sweatshirts, t-shirts, hats, gloves, jackets and accessories to regional tourist shops and stores.
After more than four decades of experience, there is significant potential in taking the business to the next level as a niche factor add-on to screen printing shops and synergistic firms.
Additionally, promoting imports like high-quality embroidered products has opportunities to maximize its outreach via aggressive advertising which could increase sales by 25% in the first season for an ambitious owner. $50,000 of inventory will be included in the asking price and due to seasonal variations, anything above will be negotiated at the time of sale. With a similar forecast for 2023, Revenues in 2022 reached $4,049,072 along with discretionary earnings of $386,328 providing profit margins above the industry average at around 10%.
The 14,000-square-foot building is complete with a showroom, production area and large warehouse available for optional lease or purchase. With a skilled team of six nonunion employees and cross-training in place, the owner can remain for up to 12 months to ensure a smooth transition.
No individual client makes up more than 10% of the annual income and this business has the flexibility to add to the range of quality products featuring the well-known trademarks that people trust!
