Sports Collectible Apparel And Novelty Manufacturer For Sale

Business description

PRICE REDUCTION!! Sports Enthusiasts this is the business for you! This company manufactures, distributes, and retails high quality Apparel, Sports Collectibles, Proprietary Fitness Products, and Promotional Products to sports enthusiasts. They have designed and developed high quality merchandise that has been featured in newspapers, magazines, television, radio and in major retail stores. The company is well known and endorsed by many athletes and sporting professionals that help drive the business. Sales are up almost 50% from 2009 through 2010 and the seller states the projections are up at least 20% for 2011 to a gross sales target of 3.5 million dollars. Net earnings are over $825K and seller states there is great potential for growth. The company prides itself on being able to react quickly and produce specific products that the market demands. The clients are served through a large distribution channel with customers including Sam’s Wholesale, Costco, BJ’s Wholesale, Walgreens, CVS, and more. Individual consumers can also purchase the company’s products through internet sales. Seller states that the internet is still only 1% of the business and seller projects internet sales could do up to a million in sales since he has hired a person to develop that side of the business. Indulge your sports passions by working in the business that you love…contact the agent today to learn more!

Property information

Real Estate:

Real Property Included

Lease terms:

Owned location of 10,000 square feet. Seller will lease back to buyer for $7000/month.

Leasehold rent:

$7000/month per annum

Location:

Prime location with easy access to distribution routes and ample room for manufacturing operation

Premises details:

Owned location with manufacturing floor, storage facility, and office area.

Size in square feet:

10,000

Business Operation

Expansion potential:

Great expansion potential by increasing retail channels, continuing to grow internet revenue,and expanding apparel and promotional lines.

Reasons for selling:

Business Outgrowing Current Owners

Trading hours:

08:00am-05:00pm Mon.-Fri.

Employees:

16FT/2PT

Years established:

9

Other information

Support & training:

2 weeks

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$950,000 (included in the asking price)

Lease asking price:

$1,900,000 (Furniture / Fixtures and Inventory / Stock included)