Nationwide Sportswear Distributor

Morris County, NJ
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Asking Price:$9,000,000
Gross Revenue:$7,491,351
EBITDA:$1,475,378
Cash Flow:$1,739,376
Inventory:$5,000,000
Established Year:1977
BUSINESS DESCRIPTION

This business is a national leader as a supplier of highly reputable, Team specialty
sportswear throughout the United States with little competition. It has grown
significantly over the past 18 years, especially since 2013, and has offices,
warehouses and show rooms currently in 4 states in the Northeast. Its business is
both e-commerce, online sales, and standard marketing/showroom sales. Its reach
is reinforced by its brand reputation coupled with an exceptionally large,
repeatable clientele and database. The main customers are YMCA teams, clubs,
High Schools, colleges, park and recreational groups, communities, sports
management companies and, of course, several Olympic hopeful groups. Its
customers are geographically distributed all over the US and it ships product to the
entire North American continent using carrier service and USPS. It also has a
robust and carefully managed Amazon sales channel.
The firm markets and distributes branded product from major manufacturers and
brands to serve sports communities in general. Team logos are often placed on the
apparel by this firm. The branded product includes the entire focused line from
those companies and total SKU numbers up to 34,000+. Its products also include
training equipment, team apparel, accessories, championship items and other
accessories related to its sports focus.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
42
Facilities
Located in four northeastern states including headquarters, showrooms, warehouse, sales and e-commerce, offices, parking and cleaning. All equipment is in good shape.
Competition
Limited competition in current markets. It is the largest of its kind in the U.S.
Growth & Expansion
Both geographic and e-commerce expansion potential is considerable. Client database usage on other product lines is also possible. It's recurring revenue from team sales is significant. Covid impacted its sales in 2020 but the rebound in 2021 is considerable and the expectations are that 2022 will return its strength to rise above the pre-covid $11.4 million revenue levels. The results are in for 2021, the revenue of $7.491 million more than doubled Covid’s prior year and the full year Adjusted Cash Flow is just under $1.739 million.
Support & Training
Seller will support and train buyer for as long as needed to help transition business + help it grow further.
Reason for Selling
Retirement
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Raymond
Saleeby
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Raymond Saleeby