Net: $400K-Ecommerce, Urban/Street Apparel For Sale

Business description

This high growth (23% year over year), owner-operated E-tailer has customers in 50 countries around the world. This is an extraordinary chance to own a cutting edge company for a reasonable price with an established customer base.

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

The company has grown aggressively year after year, and has customers in 50 countries around the world. Over its 9 years of operation, 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 shows no signs of slowing, and 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.

In 2008 sales are expected close to $1.9MM, with a Seller’s Discretionary Cash Flow of close to $400K. Price includes $200K of Inventory.

Go to www.CrossRoadsBusiness.com and download an NDA. Fax to Vasilis Georgiou at 949-266-8495.

Property information

Real Estate:

Lease

Lease terms:

2011, $6K/Month rent

Other information

Expansion potential:

excellent

Support & training:

excellent

Reasons for selling:

new ventures

Trading hours:

normal

Financing available:

negotiable

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$200,000 (included in the asking price)