Offered at $1.2M including $400K inventory with projected 2021 Revenue of $7.2M and $558,452 projected 2021 DE. Growing Fabric Manufacturer established 18 years has developed long-time customers who are apparel manufacturers for top domestic and international retail and apparel brands is now available for acquisition. $ 8,909,086 Sales Revenue weight averaged earnings of last 6 years - $ 950,226 ebitda weight averaged earnings of last 6 yearsįabric Mfr.-Major Apparel & Retail Brands, $7.2 sales, $461K DE, SBA
#SEW WRITE EMBROIDERY BRADENTON FL PLUS#
Sale Price: $5,680,050, equal to value of its Goodwill plus included Assets - $ 3,800,448 Goodwill calculated at 4 times ebitda - $ 129,584 Non-Working Capital (FF&E) at 0.14 times ebitda - $ 1,750,019 Working Capital (Inventory) at 1.84 times ebitda - $ 0 Zero Liabilities included in Asset Sale Goodwill: Based on. Nevertheless, the owner has decided it’s a good time to sell to someone wanting what this Business is today. The Business does now have a daily manager, which it had not previously. Today, the Business is in great shape, and the owner is again approaching a time when another venture will within the next several months, call on his time. 2018 then saw growth again, which continued thru 2019, 2020 and has also continued now in 2021. It took a while for the owner to fully recognize how much and where his absence had impacted the Business, and once recognized, it took a couple of years to rebuild and recover, which he did by redesigning and upgrading websites, updating pricing, and by taking some help by delegating and sharing some management responsibilities. A concept took hold in 2012, pulling time and focus from the Business, and 2013-2015 sales declined to a lower range. Then, approaching the 2008 time frame, the owner began considering other ideas, reducing his time to and focus on this Business, and 2009-2012 sales leveled within a range. The first 11 years, 1998 thru 2008, growth was quite perfect. From the beginning of this Business in 1998, the owner has been it all the CEO, marketing and operations manager everything, delegating minimally. Both segments offer much room for growth. Another major segment consists of custom made-to-order product, produced in-house, generally sold to commercial contractors repeat customers typically. A large segment of such product is sold off the Business’s websites, to personal and commercial end-users. Some from each are delivered to the Business, complete, packaged, and ready to sell and deliver, with value added to other, via in-house re-manufacturing, kitting and/or assembling. It imports a good portion of such product from offshore manufacturers, and contracts domestically for other custom components. The Business markets a product line throughout the US. It has done well, and over the past 15 years, has been contributing the seed capital that launched his other ventures. The product is durable and such that “what does not sell in 2022, will in 2023.” The Business was founded 23 years ago, the first business for this owner. No one knows about 2022, but this Business has ordered early and heavy for 2022. This Business seems to have gotten it about right. 2020-21 many businesses took a pretty good hit these two years, while others thrived with lots of reasons and opinions as to why. 35% from the largest 50 customers and 164 customers accounting for 50% of 2020 sales. 21% from the 10 largest customers combined. UPDATE: Oct 23, Sales are $8.7million earnings $1.3 million.) 2020 sales revenues were $9.9million with $1.5 million in earnings, on sales to 5,255 individual customers 5% of which to a single largest purchaser. 33% to the largest 50 and 163 accounts for 50% of 2021 sales to date. 18% to the 10 largest customers combined.
2021 9 months year-to-date, September 30, 2021, sales are $7.9million with $1.2 million in earnings, on sales to 4,822 individual customers 4% of which to a single largest customer. Cash flow paid a line of credit down from $1.3 million July 2019, to $0 June 2021, while also funding the owner's investment in excess of $2 million in a side venture, and at the same time, fully funded this Business's operations. Over the last two years, the business earned $2.9 million for its owner.
Import/Manufacture/Commercial/Retail: $8.9M sales, $950K ebitda, VTB
0 kommentar(er)
