Ecommerce Urban / Street Apparel
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1900000
Net Profit / Cash Flow $270000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 4 - 5
Inventory 200000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training Excellent.
Reason for Sale New ventures.
Description This high growth (23% year over year), owner-operated E-tailer has customers in over 80 countries around the world. This is an extraordinary chance to own a cutting edge company for a reasonable price with an established customer base. The Company was founded in 1999 when the owner saw that for the consumer there were no significant venues for Hip Hop & Urban Street Wear. Initially started selling items that were popular and in demand among the younger population of celebrity, Hip Hop, Skate, and Street Wear. In 2003 the website was launched and soon became the number one source for authentic street wear worldwide, with exceptional customer service.
The company has grown aggressively year after year, and has expanded with more brands than ever to capture more market share. Over its 9 years of operation, many competitors have come and gone while it has steadily grown into one of the largest and most profitable Urban Wear E-tailers on the web. This growth shows no signs of slowing, and the Company believes that the conditions exist for continued expansion in the coming years. The U.S. Department of Commerce reported that online retail sales grew by almost 25 percent annually in recent years, to an estimated $86.3 billion. While no figures are currently available for the online Apparel industry, in those industries that have been studied it has been found that online sales are steadily gaining a greater share of the overall market. In 2008 sales are expected close to $1.9MM, with a Seller's Discretionary Cash Flow of close to $270K. Price includes $200K of Inventory. Email or call Vasilis Georgiou at 949-266-8495 for more information on this Apparel business for sale.
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