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Apparel Related Commissioned Manufacturing
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Manufacturing > Clothing and Footwear Manufacturing




Business Summary

This highly attractive apparel related commissioned manufacturing company is engaged in the wash and dye as well as an additional niche segment of the clothing finishing marketplace --- all critical value-add segments of clothing manufacturing that are oftentimes impractical to perform in lower cost locations. Due to the company's stellar customer service the firm has managed to maintain solid year over year growth. Top line revenues have increased from $6.5 million in 2016 to $7.6 ml. in 2017. They are tracking to $8.2 ml. in 2018. In 2018, the two largest customers were at 30% of total revenues each, however the balance of revenues are spread over an additional 100 satisfied clients. While the percentage of revenues by service offering varies year over year, the revenues from wash and dye are nearly evenly split with other services --- which provide a diversified revenue stream and a non-concentrated client base. In fact, less than 2 percent of revenues appear to be derived from clients who utilize both segments of the company's services!

Business asking price: $3,700,000
Property asking price: $5,250,000

The operation is managed from a 22,000 square foot facility that leases for $8,500 per month on a lease until May 2019. It has highly coveted water rights as well as the required sanitation / sewer permits to operate as a wash and dye house. All of the necessary furniture, fixtures and equipment will be included in the sale. The book value of the assets is just over $400k, but they likely command a fair market value in the $600k - $700k range.

As the apparel industry has traditionally been Los Angeles's second largest industry employer after aerospace, there is a fair amount of competition in all aspects of it. With that said, many segments within the manufacturing value-chain have shifted offshore.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $7,816,096
Cash Flow:   $1,622,776
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $650,000
Seller Financing:  No

About The Business

Year Established:  2014
Number of Employees:  100 - 200
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  4 Weeks at 40 hrs/wk




Print Listing Id: 700326674
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