Business For Sale Listing 135473
Leather Manufacturing Business for Sale
Status as of Nov-19-2008 at 06:03 PM: Active
Business Summary
We are well respected within the adult / fetish store industry. The company owns its manufacturing equipment outright, and is fully mobile. The business has always been self financing and is 100% debt free.
Location
We are located in Peterborough, Ontario, though the business could be relocated anywhere.
Expansion potential
Excellent growth potential. Sales for the first half of 2007 are 50% higher than the corresponding period of 2006. This market is continually expanding and with the right input, this business could become a major player. Areas of expansion include home parties, retail, trade shows and the internet.
Competition / Market
We have a small number of large competitors who mass produce offshore, and sell through long distribution chains. Our niche is as a better quality product customers will pay more for. As the industry moves more into the mainstream, the number of endusers and the demand for better quality products is increasing.
Profitability
The fiscal year 2006/7 showed a net profit margin of 27% on total annual sales of $133,000. The current owners believe both of these figures can be substantially increased.
Staff
We operate with a general manager, two production staff and two external sewing contractors. The sewing operation could be brought in-house, and the production work is of a semi skilled nature. If required, the current staff will be available for training of future production and management personnel.
Reasons for Sale
The owners of the business want to be able to take their lives in a different direction; one to pursue an interest in creative writing, the other to work in the field of environmental technology.
What is Included in the Sale
All inventory, finished stock, machinery, fixtures, brand name, product designs, packaging designs and goodwill. The current owners are prepared to stay on for three months at a reasonable salary to advise the new owners on production methods.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (135,000) |
| Profits: |
Under $100 Thousand (40,000) |
| Profit Type: |
Net Income |
| Fiscal Year: |
2006/7 |
| Asking Price: |
Between $100 Thousand and $500 Thousand (300,000) |
