manufacturer and online retailer of proprietary products

  • Found: Mon Sep 20 14:56:49 2021
  • Updated: Mon Sep 20 14:56:49 2021 (GMT)
  • Source: Bizquest
Price

15,900,000$

Type: On sale
Sale method: Classified
Sale status: Open

Contact seller
Financials (verified)

Revenue per month: 1,500,000$
Profit per month: 166,667$

Traffic

Uniques per month: —
Views per month: —

Summary

Year founded: 1982

Description

a specialty manufacturer of luxury consumer products based in california with wholesale distribution and direct-to-consumer web-based e-commerce retail sales.

the description and location are deliberately vague because this company is a leader in its industry.

annual sales for 2021 are expected to be $18,000,000, with sde of $2,000,000+.
annual sales: $18,000,000; sde: $2,000,000 for one owner-manager. sales volume and net cash flow grew during the 2020 pandemic. asking price is $15,900,000. proof of financial resources is required.

they have been in the manufacturing business for 40 years. the primary customers are wholesalers and distributors (b2b) to the retail trade. a few years ago, a direct-to-consumer e-commerce site (b2c) was started; with many thousands of customers, it is growing very well and profitably year-over-year, and, with higher margins, contributing progressively increasing portions of the bottom line.

the products are high-cost items of luxury personal attire. the products can be standard and generic, or custom and unique, based on the manufacturer's proprietary designs or on those of the customer.

gross revenue (sales) in 2020 were $16,000,000, a 9% increase over 2019. sales are on track for 2021 gross revenues to be about $18,000,000.

seller's discretionary earnings ("sde") for 2020 are calculated to be about $1.2million; sde for 2021 is projected to be $2.0million.

the company's 100+ employees are orchestrated by an experienced highly effective cohesive management team that is expected to remain with the company after an acquisition. the owner will be willing to make arrangements to remain for a long-term transition at the buyer's option for up to two years.

all the capital stock of the corporation (100%) is offered for an enterprise value of $15,900,000 plus net non-capital assets (e.g., inventory, cash, receivables, less payables & current liabilities) at the time of ownership transfer. (current net non-capital assets are approximately $2.5million.)

all facilities for administration and manufacturing are leased. the corporation is being sold without any real estate assets.

the seller will only consider inquiries from verifiably qualified prospective buyers under strict confidentiality and non-disclosure conditions.

exclusive broker: tim cunha, j.d. cal re #01919755

note: all data on this business are provided by the seller for information purposes only, and no representations are made by the broker as to accuracy. the broker has made no independent verification of the data contained herein. the broker represents the seller and does not represent the buyer. the buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the business.