Branded Fashion Acessories Business with Two Retail Stores

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Business Description

A long-time successful fashion accessories business with a truly world class product line including handbags, scarves, jewelry, and belts.

Two separate brands with separate product lines. One brand features high-quality genuine leather products and the other offers products made of vegan leather.

The quality of the products and design is truly exceptional. A publicly traded US fashion company extended an offer to acquire the business and its product portfolio a few years ago at a substantially higher revenue multiple.

The business has two retail stores in prime West Los Angeles locations. The products are also being sold in leading US department stores as well as internationally.

Most recently, the business went through a round of restructuring, reducing the number of employees, improving logistics, cutting tradeshow expenses by $240,000, etc. The intention was to adapt the promotional strategy and focus on developing online sales channels. The net income projections reflect the implemented changes and are showing significant improvement compared with the last year's figures.

The business still has negligible online sales and virtually no presence on social media. A dedicated operator could greatly increase the bottom line, particularly since the buyers of the brand are mainly in the 20-35 age range and are likely to be responsive to the new strategy.

For contact information, please go to https://tomculo.com/.

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About the Sale

Reason For Selling:
Family reasons

Listing Info

ID:
1504740
Ad Detail Views:
413
Asking Price:
$1,390,000

Gross Revenue:
$3,450,000
Cash Flow:
$637,000
EBITDA:
$637,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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U.S. Census Data for Los Angeles County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Los Angeles County, CA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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