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 2024, Revenues in 2023 reached $4,182,000 along with Discretionary Earnings of $874,000, providing profit margins above industry average. 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 assure 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! Contact IAG for more details on this business!
- Asking Price:
- $1,500,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $4,182,000
- Cash Flow:
- $874,000
Property Information
- Real Estate:
-
Lease
- Location:
-
Property is available for lease or purchase.
- Premises Details:
-
Anything above Inventory's included $50K can be negotiated at sale.
- Size in square feet:
- 14,000+/-
Business Operation
- Reasons for selling:
-
Approaching retirement.
- Trading hours:
-
Monday to Friday 8:30AM - 4:30PM & Saturday mornings.
- Employees:
- 6 nonunion.
- Years established:
- 1980
Other Information
- Support & training:
-
With cross-training in place, Owner can remain up to 12 months to assure a smooth transition.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Standard SBA-term financing will be negotiable for qualified buyers.
- Furniture / Fixtures value:
- $40,000 - included in the asking price
- Inventory / Stock value:
- $50,000 - included in the asking price
- Relocatable:
- This business can be relocated.