Ecommerce Authentic Urban Street Apparel Business For Sale

Business description

This owner-operated E-tailer has had customers in over 80 countries around the world. This is an extraordinary chance to own a cutting edge company for a reasonable price with an established customer base. Prior to the global recession, 2007 sales were $1.85 Million, and in 2008 sales were $1.53 Million.

The Company was founded in 1999 when the owner saw that for the consumer there were no significant venues for Hip Hop & Urban Street Wear. Initially started selling items that were popular and in demand among the younger population of celebrity, Hip Hop, Skate, and Street Wear. In 2003 the website was launched and soon became the number one source for authentic street wear worldwide, with exceptional customer service.

Prior to the reccession in 2008, the company had grown aggressively year after year at a rate of 23%, and has expanded with more brands than ever to capture more market share. Over its 9 years of operation until 2008, many competitors have come and gone while it has steadily grown into one of the largest and most profitable Urban Wear E-tailers on the web. This growth can happen again! The Company believes that the conditions exist for continued expansion in the coming years.

The U.S. Department of Commerce reported that online retail sales grew by almost 25 percent annually in recent years, to an estimated $86.3 billion. While no figures are currently available for the online Apparel industry, in those industries that have been studied it has been found that online sales are steadily gaining a greater share of the overall market.

Property information

Real Estate:

Lease

Lease terms:

Month to Month

Leasehold rent:

$1,225 per annum

Premises details:

Office space and warehouse 800 SF

Size in square feet:

800

Business Operation

Expansion potential:

excellent

Reasons for selling:

New Ventures

Trading hours:

regular

Employees:

2 FT

Years established:

1999

Other information

Support & training:

excellent

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$50,000 (included in the asking price)

Relocatable:

This business can be relocated.