Massachusetts Business Specializes in Custom Apparel
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Asking Price
$1,500,000
Detailed Information
Massachusetts, US
Not Provided
NA
Business Description
Located in Massachusetts, this business specializes in importing and wholesaling customized apparel, including a licensed line of university merchandise, to regional tourist shops. With over four decades of experience, there is ample opportunity to expand by partnering with screen printing shops and promoting high-quality embroidered products through aggressive advertising. The business comes with $50,000 worth of inventory included in the asking price, with potential for a 25% increase in sales in the first season through strategic marketing efforts. Generating revenues of $4,182,000 in 2023 with Discretionary Earnings of $874,000, the business boasts profit margins exceeding industry standards. The 14,000-square-foot facility features a showroom, production area, and warehouse, available for lease or purchase. A skilled team of six nonunion employees, with cross-training in place, ensures a smooth transition for a new owner, who can be supported by the current owner for up to 12 months if needed. This business offers diversification opportunities with its