|
|
| Lingerie Design and Manufacturing Firm | |
| Industry Description |
Lingerie Manufacturing |
SIC |
2341 |
| Days Open |
Varies |
Year Established |
1993 |
| Hours of Operation |
Varies |
Years Owned |
11 |
| Full-time Employees |
1 |
Part-time Employees |
1+ |
| Other Notes |
|||
| Hours/wk by Owner |
Approx. 40 |
Owners Duties |
Sales / Marketing |
| Skills / Licenses ReqĠd |
Training Offered / Cost |
||
| Non-Compete Terms |
As Required |
||
| Exec. Summary |
|||
| Lease / Bldg. Info. |
Commercial Mall |
Monthly Rent |
$1,200 |
| Lease Commenced |
Monthly / Not ReqĠd |
Deposit |
|
| Lease Expires |
n/a |
Term & Option |
|
| Bldg./Area Description |
n/a |
Square Footage |
800 Sq. Ft. |
| Seats, Pkg, Zoning, etc. |
|||
| Reason for Sale |
|||
| Financial Summary |
Current Yr. Annual |
2003 / Owner to Prove |
2002 / Owner to Prove |
| Gross Revenue |
As 2002 - TBD |
As 2002 |
$457,285 |
| COGS |
$266,309 |
||
| Rent / CAM |
$14,950 |
||
| Payroll |
|||
| Net Profit (before tax) |
$12,116 |
||
| Discretionary Cash |
$48,604 |
||
| Expense Breakdown |
|||
| Included in Sale |
Assets |
Liabilities |
|
| FF&E Included |
$10,500 |
Lease Obligations |
$0 |
| Inventory Included |
$19,250 |
Debt Included |
$0 |
| Other Assets Included |
Other Liabilities |
$0 |
|
| Working Capital (not incl) |
Return on Sale Price |
||
| Asking Price |
$150,000 |
Owner Financing/Terms |
Owner Will Consider |
| Earnest Money Dep. |
$10,000 |
Down Payment |
|
|
Opportunity Summary |
|
|
Headline |
Growing female lingerie design and manufacturing |
| Summary |
This women's lingerie design and manufacturing company specializes in hand cut and sown lingerie including panties and bras, thongs, embroidered mesh nighties, chemises and gowns. The firm's customer base consists of major retailers such as VictoriaĠs Secret and Peach John, a Japanese catalog company, as well as small, privately owned boutique shops specializing in lingerie and evening wear. The company boasts 1,000+ total customers. Most of which are small specialty stores. Others are major retailers include Hustler Stores, Peekay Inc., and Frederick's of Hollywood. New customers beginning in 2004 include Federated Macy's West. |
| Facilities / Assets |
This business currently operates out of a small (<800 sq. ft.) office/warehouse on a month to month lease at $1,200/month, but it may be relocated to a new owner's preferred location, house, etc. |
| Competition |
Competes with small specialty manufacturers |
| Growth Potential |
Expansion opportunities include increased advertising activity, trade show presence, as well as promotion and utilization of the firm's recently enhanced website. The Company has the ability to market and distribute its product globally and maintains a niche through their unique product design and creativity. |
| Other |
Total sales to Victoria's Secret have climbed to over $50,000 in the last year, with sales to Peach John of approx. $30,000. |