Fashion Apparel Design / Wholesaler / Manufacturer
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1600000
Net Profit / Cash Flow $400000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1990
Number of Employees 1 - 3
Inventory $100,000 plus.
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Full training and support for 3-6 months.
Reason for Sale Retirement.
Description Long established, highly renowned fashion (costume) jewelry business for sale with very extensive client base for sale. The business has a long list of repeat clients including major USA and international retailers such as Saks, Neiman Marcus, Coldwater Creek, Cache, BCBG Max Azria ad infinitum as well as smaller boutiques across the globe.
The owner and ''brand-name'' are regularly featured in fashion magazines such as In Style. Many major retailers use the designer for private label fashion jewelry.
Profit margins are very high and secure as the owner has established the business with specific competitive price points (which she is world renowned for) and the ability to do high quality, high volume business.
Fully integrated, the business has a full time dedicated agent, several external ''contract'' designers, several manufacturers and domestic and international suppliers.
There is very little overhead cost as most of the working aspects of the business are outsourced. This business can be run from a basic office or even home as the showrooms, factories and agents have their own offices/spaces in New York city and in other countries. This would be an ideal business for an FIT or Parsons graduate with access to capital, a fashion-forward thinker or a reliable business person with management skills.
The owner has been in the business since 1990 and also has several sales agents in the tri-state area, DC and Colorado. There is scope to further develop the agent market but 75-90% of current revenues come from large orders from department stores.
2009 has been a very strong year for the company as many competitors have been wiped out and the access to just-in-time manufacturing makes this ''brand-name'' very popular with major retailers. The business owner is willing to provide full training, full design access, all contacts and tricks of the business plus stay with the new owner for some time to ensure a fully transparent takeover.
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