Listing ID: 80568

Business Overview

Run your own high fashion custom swim company in paradise! Recently revamped website and e-commerce platform lets you target customers world-wide, for strong sales all year long. Business comes with reliable long time employees. Loyal customers and large social media following! Positioned and ready for growth and expansion. Training, support are included, and extended support is available. All materials and fabrics sourced in the US and 100% made in house on Kauai.

Financial

  • Asking Price: $145,000
  • Cash Flow: $70,000
  • Gross Revenue: $319,000
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: $8,000
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:748
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Studio sewing room is 602 sq Ft. with common kitchen and bathroom approximately 146 sq Ft. Great location in central Kapaa industrial area close to the main highway. Lease terms to be negotiated.

Is Support & Training Included:

Owner willing to provide training and support to Buyer. Terms to be negotiated.

Purpose For Selling:

Pursuing other passions and spending time with family.

Pros and Cons:

Although there are hundreds of swimsuit websites and brands out there, we have only found one or two others that are making custom suits, but their website is nowhere as user friendly as ours, our prints and styles are much more modern and in line with fashion trends, and we appeal to a different market.

Opportunities and Growth:

KaiKini has carved its own niche market with a very loyal customer base. We have shown that there is a need for CUSTOM swimwear in the swimwear market. Other brands make swimwear that “fits most” but we make swimwear that is made for you, for your body. There opportunity for expansion into other product lines such as cover ups, tank tops, sun hats, towels, water bottles, sunscreen etc. The swimwear market is positioned for a 6.25% growth rate by 2027. Additionally, KaiKini sells direct to consumer from the website and our market is worldwide.

Additional Info

The venture was founded in 2013, making the business 9 years old.
The transaction will include inventory valued at $8,000, which is included in the asking price.

The company has 4 employees and is situated in a building with approx. square footage of 748 sq ft.
The building is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. Nevertheless, the true reason and the one they say to you might be 2 absolutely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is very important that you not rely absolutely on a vendor's word, however instead, use the vendor's solution together with your overall due diligence. This will repaint a much more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new clients? Many times, operating businesses have repeat consumers, which form the core of their everyday revenues. Specific aspects such as new competitors growing up around the area, roadway building and construction, and staff turn over can influence repeat consumers and adversely impact future incomes. One important point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the chance to build a returning client base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Just how might the regional typical household earnings effect future revenue potential?