Listing ID: 77377
For nearly 25 years this brand has been manufactured in Los Angeles and has been sold across the country! It has been sold in specialty boutiques as well as in Big Retailers such as Nordstrom! The clothing is made from Lycra cotton spandex stretch, rayon jersey, silk blends, linen, lace, and cotton under, which makes it easy to take care of. The best thing about Mezon’s designs is that they even look better the more that they are washed. This was a point that is important to the brand – “Who really wants to have to take all their clothes to the dry cleaners? Additionally, the stretch in the fabric transforms the designs beyond the realm of ordinary into the extraordinary, giving them that fashion-forward look. Whether it’s a baseball-type outfit, leggings, tunics, or dresses, this brand has invented a new look with their designs. THIS IS AN ASSET SALE AND IS PRICED TO SELL! The Seller is retiring but is happy to help with the transition and make sure that this business gets back to prominence!
- Asking Price: $249,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $265,000
- Inventory Included: Yes
- Established: 1991
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 3,600 square feet with a total monthly rental of $3,739.84. The seller is active in business. Hours of operation are Mon-Fri, 9am-5:00pm. Included in asking price are $265,000 in inventory and $25,000 in equipment and fixtures.
The business was established in 1991, making the business 31 years old.
The sale shall include inventory valued at $265,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. Nonetheless, the true factor and the one they say to you might be 2 totally different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a range of various other reasons. This is why it is really essential that you not rely totally on a vendor's word, however rather, utilize the seller's solution combined with your general due diligence. This will paint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering points such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new customers? Many times, businesses have repeat consumers, which create the core of their day-to-day earnings. Specific elements such as brand-new competitors sprouting up around the area, roadway building and construction, as well as personnel turn over can affect repeat clients and also negatively influence future profits. One crucial point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the better the chance to develop a returning consumer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional average home income effect future income prospects?