Net: $270K-Ecommerce, Authentic Urban/Street Apparel

| Asking Price: | $850,000 | Inventory: | $200,000 ++ |
| Gross Revenue: | $1,842,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $250,000 (comments below) | FF&E: | $10,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2007 numbers | |||
| Cash Flow Comments: Seller | |||
This high growth (23% year over year), owner-operated E-tailer has 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.
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.
The company has grown aggressively year after year, and has expanded with more brands than ever to capture more market share. 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 $270K. Price includes $200K of Inventory.
Go to www.CrossRoadsBusiness.com and download an NDA. Fax to Vasilis Georgiou at 949-266-8495.
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.
The company has grown aggressively year after year, and has expanded with more brands than ever to capture more market share. 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 $270K. Price includes $200K of Inventory.
Go to www.CrossRoadsBusiness.com and download an NDA. Fax to Vasilis Georgiou at 949-266-8495.
About the Business
Year Established:1999
Employees:4 full time - 1 part time
Relocatable:Yes
Facilities:5,000 SF warehouse
Market Outlook and Competition:excellent
About the Sale
Reason For Selling:new ventures
Seller Financing:Negotiable
KEYWORDS: ecommerce apparel urban street apparel
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