Listing Number: 6842-692223
This handbag company launched in 2010 when two friends determined there was a need in the marketplace for stylish, timeless, sensibly priced bags. They sell a collection of leather and canvas handbags and accessories, all original designs, made with premium leathers and materials by well-vetted factories where workers truly value their craft. Close attention is paid to the details and they use minimal hardware. These bags are both lightweight and durable. The result is a well-made, timeless bag that looks even better with age. They offer a superior product at a fantastic consumer price because they have optimized pricing across the board. It is a sustainable brand with huge potential because the simple, bold and timeless designs are recognizable, stand apart from the rest and resonate with their customers.
This company is operated very efficiently with the owners handling design, marketing, sales, finance and production oversight while outsourcing the actual production and logistics. to reliable vendors. It currently is based in a shared office/studio space where designing and meetings are done. However, it can be operated remotely or relocated easily.
Revenue in the Handbags market has been growing steadily since 2010 and totaled more than US$12 billion in 2019. The market is expected to grow annually by 1.8% (CAGR 2019-2023). For more information, go to www.statista.com/outlook/13020200/109/handbags/united-states
Hours: Office/Studio Monday-Friday 9am-5pm. eCommerce: 24x7x365
Lease: 100 square feet of shared office/design space plus shared conference room and other facilities. Rent is $347/month on a month-to-month basis
The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to focus on other business interests. Owner will train for four weeks at no charge. This business is offered at $250,000.
- Price: $250,000
- Down Payment: $187,500
- Sellers Discretionary Earnings: $80,466
- Total Sales: $203,697
- Location: Kings County, New York
- Inventory: $30,000
- FF&E: $1,000
- Year Established: 2010
- Reason for Selling: Other business interests.
- Category: Manufacturing,Retail Miscellaneous,Wholesale