Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840

      Location:                                                          New Jersey  

      Years Established:                                         15 Years                   

      Under Present Owner:                                  15 Years

      Gross Sales Avg. last 3 years:                      $1,003,000

      Cash Flow Avg. last 3 years:                         $   132,000                                                                      

      FF&E:                                                               $     10,000

      Inventory:                                                        $TBD at closing

      Rent:                                                                $ 2,316/mo                                                           

      Number of Employees:                                 4                     

      Asking Price includes Inventory:                $300,000                   

      Reason for Selling:                                       Retirement

      Broker Contact:                                             Frank Caroselli (cell 908 391-6954)

                                                                                                    (Fax 732 494-1454)              

For the last 15 years the company has successfully built up a stable roster of clients, including Fortune 500 associated companies, with whom it maintains deep relationships. It has also created a strong supplier base with factories across South Asia, garnering best-in-class rates on all products. The company offers a range of bags, from backpacks tom leather formals to totes. All products are highly customizable, suitable to any client need and made in a variety of fabrics, including leather, canvas, organic and recycled materials. The company’s mission is to offer a top quality and diverse product line, execute each order to the customer’s expectations and ensure a timely delivery. They will continue to stay on top of trends in the market, adding products to the line that align with the customer’s vision and are of excellent quality. They will continue to partner with manufacturing facilities that meet strict standards.

One of the keys to success is the company’s deep relationships with sizeable companies and solid brands. For potential buyers, the large upside with existing clients is of great value. Currently: 12,000 clients in customer database, 35% of top 50 clients have worked with the company two out of last three years, the average number of orders per client is six.

The company manufacturing facilities are located in China, Pakistan, Bangladesh and India. They have worked with these suppliers for over ten years which helps to ensure timely delivery and excellent quality.

The current owner is willing to work with the new owner to ensure a smooth transition. The owner will make in person introductions to key clients and suppliers.