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THIS BUSINESS IS PRICED FOR IMMEDIATE SALE DUE TO SELLER’S HEALTH ISSUE. Listing Price is below replacement cost. This is a unique opportunity to own a 25 year old, branded Los Angeles based manufacturer of athletic wear for men and women. In business for over 25 years, this company manufacturers all its products in Los Angeles and can proudly say “Made in the USA”. The company focuses on athletic wear and offers a large range of products.
The 8,500sf +/- facility is located in the Burbank area and the current rent is approximately $6,700/mo. The lease for this facility is currently month to month and can be renewed (landlord to cooperate) or the business could be moved to downtown LA to reduce the rent cost and save drive time for certain employees who travel from LA. The facility is highly improved with a long list of improvements including ample power. There is an impressive list of state-of-the-art Equipment including several expensive, newer technology equipment, giving this company a competitive edge. The facility includes offices, design rooms and a large production area with all the necessary equipment including cutting boards, automatic trimming machines, several sewing machines, licensed software including an app with tablets to control orders, surveillance systems with cameras, plus a long list of other items all included in the purchase price. This is a “turn-key” state of the art facility and the owner has spent hundreds of thousands of dollars over the years in
equipment, tenant improvements and maintenance.
This business is priced for an immediate sale due to the seller’s health issues. The business is priced as a sale of assets in place and not based on cash flow. This is a turn around situation with everything in place (see list below) to turn this business back to what it was just a few years ago. The business has averaged $1.4M - $1.8M in gross revenue in recent years. The figures in this ad are based on 2017. 2018 revenues are down and as per the seller, the seller has elected to take his foot off the pedal and has not offered certain services to his customers as he has done in the past. He has done this by choice to limit his involvement in the business due to his health situation. There has been limited if any marketing put in place recently including not attending trade shows for the last several years. As per the seller, a buyer can easily bring back the parts of the business that he shut down including private label work, wholesale sales, etc. etc. (seller to discuss further). The seller will also provide ample training (3 – 6 weeks) at no cost and will consider staying on longer based on a short 2 or 3 day work week to help bring the business (seller to discuss further).
This is an excellent opportunity for someone to take over this well-known brand in the sportswear space within the apparel industry with everything in place. The purchase price includes:
- A large list of apparel manufacturing equipment
- $250,000+/- of inventory which includes finished products and raw material
- A well-respected and well-known trademarked brand
- (3) well positioned, newer, professional websites
- Amazon (Gold) storefront with multiple brand registries
- Large database of customers (both wholesale and retail)
- Trained employees including an operations manager who will stay on
As per the seller, the asking price is well below replacement cost and includes many other items that will be discussed during a conference call. SBA or seller finance is not available for this transaction at this price. PLEASE NOTE, this business is being priced for an immediate sale and as a “Turn-Around” situation or sale of assets in place below replacement cost.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement has been submitted. Please hit the reply button or the Contact Seller button to receive a confidentiality agreement and learn more about this opportunity.
6700 per month per annum
Excellent location in the San Fernando Valley
Highly improved, turn-key facility with offices, showroom, a large production area.
Seller to Discuss
Seller to Discuss
Seller will provide training at no cost to qualified buyer.
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