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Textile Manufacturer - Novelty Knits
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Manufacturing > Textiles and Materials Manufacturing




Business Summary

Textile Mfg – Novelty Knits, Los Angeles County, CA #120508

Unique Opportunity Now Available For Experienced Circular Knit Professional Or Garment Manufacturer Who Wants To Control Their Own Destiny And Uniqueness.

Textile Manufacturer With Unique Textile Knitting And Yarn Twisting Equipment Including Fine Cut And Course Cut Circular Knitting Machines Both Single And Doubleknit As Well As Three-End Fleece Machines Is Now On The Market.

Produces Novelty Knits For Both Ladies Fashions As Well As Mens Fashions.

Recently Lost A Major Customer So Sales Are Down But Production Capacity Is Now Available For Garment Fabrics, Sweater Fabrics, And More.

Large Facility With Good Lease.

Seller Retiring But Will Be Available To Buyer For A Negotiated Period Of Time If Desired.

1. Gross Sales 2015: $3,000,000
2. Equipment Valued For Resale At: $2,000,000
3. Seller Will Carry A Note For 50% of Sale Price For Qualified Buyer.
4. Sale Price: $2,950,000.

Business Is Well Established With Excellent Reputation For Quality And Customer Satisfaction.

FOR MORE DETAILS Please Call Either Mike Maiman at 855-343-5544 x309 Or Call Joe Goldberg at 818-342-5222 x313.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $3,000,000
Cash Flow:   $300,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,000,000
Seller Financing:  Yes

About The Business

Year Established:  2006
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will be available to Buyer for extended period of time if desired.
Reason For Selling:  Retirement.

Photos

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Textile Manufacturer - Novelty Knits Photo 1




Print Listing Id: 700245272
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