Asking Price: $1,999,999 Gross Revenue: $925,599Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
ISHINE365 is a women’s swimwear ecommerce business with over 60,000 customers that has made a name for itself in the fashion industry by delivering super high quality swimwear for women looking to make a statement, creating a buzz by being one of the first swimwear companies to have all inclusive sizes and styles, and tying in philanthropy to almost every event or marketing incentive just to name a few.
- http://ishine365.com & Respective Social Media Pages
- http://twopiecemafia.com & Respective social media pages
- https://www.facebook.com/SHOPISHINE365/ - 39k Fans
- https://www.instagram.com/ishine365/?hl=en - 210k Followers
- https://www.instagram.com/twopiecemafia/ - 13k Followers
- Swimwear inventory
- Rented space in two physical locations in Miami, FL which new buyer would presumably take over until leases expire or if the business sale forces a termination of the lease (ultimately determined by Plymouth Hotel)
- Connection to all factories and fabric companies for continued production of private labels
SHINE365 also has great relationships with top models and influencers worldwide which has made them the it brand to shop and be connected with. In the last year, the company has been working on a restructure to create private labels in order to maximize profits with higher margins.
The Miami based brand is also famous for throwing the most attended parties for over 7 years during the swimwear industry’s largest tradeshow in the world in their hometown, Miami, Florida. This July their brand, Two Piece Mafia is launching a collection in collaboration with famous model and influencer Yovanna Ventura (@yoventura), who has over 5.5 million followers. The event will take place on the actual beach and will be the first ever party and runway show that Miami Beach has allowed to take place on the actual sand. In addition to be tied to a major influencer, this collection is expected to make over $500k in revenue based on sales the model has brought in for another large clothing retailer Revolve.
This is a rare-to-find women's brand with a huge cult-like social media following. Owners are currently experiencing some personal family matters they need to attend to which has taken time away from the business and need to exit from the business.
About the Business
Miami Beach, Florida
Number of Employees:
Currently renting space in two physical locations in Miami, FL at the following addresses which new buyer would presumably take over until leases expire or if the business sale forces a termination of the lease (ultimately determined by Plymouth Hotel):
SOUTH MIAMI 6560 BIRD ROAD MIAMI, FL 33155 Hours: Monday - Friday: 10 AM - 6 PM, Saturday: 10 AM - 5 PM, Sunday: CLOSED T: (786) 812-0069
MIAMI BEACH - PLYMOUTH HOTEL 318 21ST ST MIAMI BEACH, FL 33139 Hours: Monday - Friday: 10 AM - 6 PM, Saturday - Sunday, 10AM - 5PM T: (786) 266-2925
Most sales are online! It is NOT necessary to rent these locations.
The global swimwear market was valued at $18,454 million in 2017, and is projected to reach $28,148 million by 2024, registering a CAGR of 6.2% from 2018 to 2024.
Founded in May 2012 by BFFs and original beach babes, Christina Mignon Pino and Katrina Silva, Miami-based company ISHINE365 has become an international sensation, offering to its global #ishinegirlgang the best and trendiest styles in bikinis, one piece swimsuits, cover ups, women's activewear, beach accessories, and so much more. ISHINE365 offers an incredible variety and a number of exclusive styles, along with in-store and online shopping events, and the best fashion shows and parties in not only their hometown of Miami and the South Florida area, but they have also had incredible success when hosting pop ups at other locations all over Florida, in Los Angeles and NYC as their cultlike social media following is not only national but even global. ISHINE365’s social media presence creates brand awareness as the go-to swimwear shop in South Beach and online.Their email list of 60,000 contacts, and two physical location/s are very powerful marketing opportunities for a new owner to take over to add to their current business, or to take on a business that can be revitalized relatively easily with a slight capital infusion.
Current owners are spread a little thin causing cash flow to not be that of an ideal situation.
Growth & Expansion:
The business model the owners were working towards was designing several of own private labels to make a higher margin. They are currently working with a factory in Bali, Indonesia to design swim at a much lower cost - $10-20 a piece to retail at $130-200. Cost for these suits is less than half of what the company currently pays for wholesale on other brands. The idea is to continue with this model and also bring back the top selling brands to bring attention to their private labels. This will increase sales and profits across the board. Because of cash flow and investment with private labels, this has limited the company on being able to place orders for the other brands so the amount of inventory they have is far less than what they had carried in the past. They also had delays with fabric and production so their inventory did not arrive in time for the beginning of their high season starting in January. With a small cash flow injection and carry through of this plan, there is no doubt ISHINE365 will be back to it’s 2016 numbers (which were over $2.4 million in sales) and beyond.
Personal family matters taking time away from the business.
Current owners are willing to work for 3-6 months for training, consulting and support.
They are also willing to work for the new company for a time period to help with Marketing and creative direction since these were their strongest points. All is open to discussion. They are also happy to continue helping with consulting and further the collaborations with their current contacts. They have some ideas and relationships with great people for several collaborations which they believe would make the business very successful.
You can also expect a couple of weeks for transfer of the assets.
You would receive digital assets including marketing creatives which will be organized neatly along with how-to documentation explaining everything on how to utilize the assets and how to take advantage of further growth.
Current owners would connect you with models, marketers, and swimwear manufacturers which would prove to be very useful to you.
Shopify Women's Swimwear Store - Cult-like Social Media
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.