Licensed Apparel Wholesaler with Popularity Rise

Summary Situated in Massachusetts, this business specializes in the import and wholesale of customized apparel, plus its licensed line of university hoodie sweatshirts, t-shirts, hats, gloves, jackets and accessories to regional tourist shops and stores. After more than four decades of experience, there is significant potential in taking the business to the next level as a niche factor add-on to screen printing shops and synergistic firms. Additionally, promoting imports like high-quality embroidered products has opportunities to maximize its outreach via aggressive advertising which could increase sales by 25% in the first season for an ambitious owner. $50,000 of inventory will be included in the asking price and due to seasonal variations, anything above will be negotiated at the time of sale. With a similar forecast for 2024, Revenues in 2023 reached $4,182,000 along with Discretionary Earnings of $874,000, providing profit margins above industry average. The 14,000-square-foot building is complete with a showroom, production area and large warehouse available for optional lease or purchase. With a skilled team of six nonunion employees and cross-training in place, the owner can remain for up to 12 months to assure a smooth transition. No individual client makes up more than 10% of the annual income and this business has the flexibility to add to the range of quality products featuring the well-known trademarks that people trust. Contact IAG for more details on this business.