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Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840
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| BUSINESS PROFILE |
Apparel Manufacturer |
Location: Central NJ
Years Established: 20 Years
Under Present Owner: 20 Years
Gross Sales: $703,000
Cash Flow: $101,000
Inventory: $ 18,000
Employees: 1FT, 1PT
Rent: $3,326 including CAM
taxes, & utilities
Asking Price: $700,000
Summary Description: This twenty year old manufacturer of high quality beauty salon, barber and pet grooming apparel is available for sale due to the retirement of the owners. The business is a second generation family run operation which traces its roots to the 1940’s New York City garment district. The business has consistently generated annual sales in excess of $700,000 and net cash flow to the owners above $150,000. Net cash flow in 2009 declined to $101,000 primarily do to the recession and lack of working capital available to the current owners. However, the business has significant growth potential for a new, more aggressive and marketing savvy management team. One of the owners is willing to consult on a full or part time basis to help the new owners achieve the growth potential of the business. This owner has over 40 years experience in the apparel industry and has developed new product concepts which could be marketed on a much broader scale than the current product line, but he lacks the capital necessary to achieve this potential growth.
The business is well known in the industry for its proprietary apparel designs and high quality. The company sells to distributors and beauty supply houses throughout the United States utilizing independent sales representatives. The sellers will provide a smooth transition for new owners to insure the continued success of the business. The business is being offered for sale at $700,000. Please call for further details.
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