Well Established Footwear Importer

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Asking Price:
$2,200,000

Gross Revenue:
$11,196,477
Cash Flow:
$591,861
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Started in 2003, the Company had been engaged in wholesale shoes, operating under its own brand, selling high-end leather fashion shoes with retail price between $80-$200. In 2008 the company switched to e-commerce, selling through third-party retail online platform, incl. Amazon (about 75% of sales), Ebay (15%), Overstock, and via its own website (5%). In 2016, the company set up its own production in China, which helped the Company becoming a rapidly growing provider in 2017 catering US domestic orders and distribution networks. The Company currently has 10 million+ active customers, and its ranking in the US footwear online market are as follows: Amazon: Top Ten; Ebay: Top Five; Overstock: Number 1; FashionGo: Number 1 in Shoe Sales.

Products: 95% is foot-ware, 5% for clothing, mainly jeans. Market: Domestic purchase orders from the US take about 95% of sales, Europe and the rest of the world take the rest 5%. Order processing capacity: 5,000 orders per day. The Company is running in 50,000 sqft warehouse which has the capacity to stock 300,000 pairs of shoes and 50 containers.

The Company currently use Irobotbox ERP and ZYing distribution software, US version of OMS for inventory management, and has independently developed its own order processing and daily delivery system.

Previous Years Financials:

2017 - Sales: $11,196,477; SDE: $591,861;

2016 - Sales: $8,614,085; SDE: $1,231,388;

2015 - Sales: $9,787,649; SDE: $1,154,182;

About the Business

Location:
Los Angeles County, California
Real Estate:
Leased
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Listing Info

ID:
1510630
Ad Detail Views:
406

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$
months
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Business Listed by

Wen Chen-Karkhanis

LINK Business LA
License# 01923258

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Sponsoring Broker:

LINK Business LA
LINK Business LA
License# 01294452


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