Summary
- Asking price:
-
$1m-5m
- Sales revenue:
- Over $5m
- Net profit:
- $500k < 2.5m
- Years established:
- 1984
- Employees:
- 60-70
Business description
Established brand name women Footwear Company designs, manufactures, sells and distributes unique and innovative women's footwear known for its fashion, comfort, quality and value. Its products are marketed to and target the largest women footwear audience in domestic and international markets. Find its footwear products in some 400+ fine independent retail stores, boutiques, dept stores, (Nordstrom, JC Penney international, etc.., also at the Home Shopping Network, Amazon, Zappo, etc... Product is sold directly to its customer by its in-house sales force and during trade shows attendance. It is a fun business with excellent potential for growth, profits. Manufacturing domestically provides certain advantages in today's marketplace. Consumers increasingly ask for US manufactured products. US production offers the company the competitive edge of quickly producing, testing new products and placing them in customer's stores.
Property information
- Real Estate:
- Lease
- Lease terms:
- Terms are - AIR Industrial Gross Lease, three years with options to renew. Company has been in the same location for over ten years.
- Location:
- Excellent local access. Company is located in a small industrial park on a major boulevard, close to north-south, east-west arterial highway/freeway. Operating for the past 15 years plus from the same location in a 15,000 sq.ft. building.
Other information
- Expansion potential:
- Excellent opportunities for expanding sales by increasing its small sales force, offer internet direct sales to the public and transferring a larger portion of manufacturing overseas, thus substantially reduce unit costs, improve profit margins. Also the brand name can easily be exploited, by adding additional product lines – handbags, belts, apparels, etc…. Brand licensing can also be exploited.
- Competition / Market:
- Its products are marketed to and targets the largest women footwear audience – ages from 30-60+. According to AAFA's released Annual 2006,7 Trends publication, Americans bought a record amount of clothes and shoes in 2006 – amounting to almost 2.1 billion garments and 2.4 billion pairs of shoes each year and increasing. Currently shoes are being sold in the largest shoe consumers in the world, the European Market.
Every single American, on average, spent $1,200 on clothes and shoes in 2006, another record and likely more in 2007. There is a healthy competition atmosphere in the market creating tremendous demand for women footwear.
This company has a niche market, competes well in its class by not only making a fashionable quality shoe, but also by providing a rare comfort to the foot.
- Support & training:
- The seller is flexible on the transition period to a new owner. This can range from training for several weeks up to a management or consulting contract for an extended period, including designing and sales.
- Reasons for selling:
- RETIREMENT
- Trading hours:
- 8:00 - 18:00
- Financing available:
- Make offer
- Furniture / Fixtures value:
- $400,000
- Inventory / Stock value:
- $1,000,000
- Related documents:
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