PROFILE   6106

Location: Mid West

Clothing: Clothing Sportswear

Sales Price: $25,000,000 Down Payment: $25,000,000
Executive Summary

The Company, which was founded almost three decades ago, is one of the largest wholesale distributors of apparel in its niche. The Company’s primary apparel categories include: Branded Apparel, Sport Shirts, Woven/Denims, Outerwear, Athletic & Spirit Wear, T-Shirts, Fleece Wear and Head Wear.


Major customer industries include large national retailers, uniform decorators, corporate business, athletic, golf and motor sports, specialty retailers and other wholesalers. The Company’s largest customer accounts for only 4% of sales, while the Company’s Top 10 customers account for only 20% of sales.


The Company employs 200 people from its single 200,000 square foot facility. The Company is believed to be the first in its industry to implement a completely paperless tracking system and customer service phone system, which has contributed to the Company’s success and growth. 


The founder and majority shareholder would like to retire from the business while finding a financial partner in order to take the business to the next level. Other shareholders would consider staying on indefinitely after a transaction.

 
Business Synopsis
Business Format: Corporation Facilities:  
Established in: 1980 Square Footage:  
Years Owned: 30 Lease Expires:  
Employees: Monthly Rental Expense:  
Reason for Sale: Retiring
 
Asset Information (estimated fair market value)
Total Assets Included in Sale:    

Operating History 2009        
  Financial Source P/L Statement
  Gross Sales $66,227,000
  Gross Profit $11,227,000
  Discretionary Earnings * $3,227,000
* Recasting provides an economic view of the Business, allowing meaningful comparison with other investment opportunities.
DISCLAIMER: All information contained in this document has been provided by the subject company or its shareholder(s), and while believed to be correct, has not been verified. Accordingly, we make no representations or warranties as to the accuracy or truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this information.
  COLLINS & COLLINS INVESTMENTS
801 BRICKELL AVENUE
MIAMI, FL  33131-2945
 

Contact us regarding this business
or call us at 305.235.4444 www.BizBrokersFL.com

 
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