Sports Equipment and Custom Clothing Business for Sale

Business Description

This business is a manufacturer of custom sports garments, and a retailer of sporting goods. It is located in the western part of the Greater Toronto Area. In addition to the retail and garment manufacturing aspects of the business, it also offers bicycle sales and repairs, and provides services for other sporting goods. Most revenue is derived from custom uniforms and custom apparel for hockey and baseball teams, followed by school sports spirit-wear and teamwear, and corporate wear. All design and production are done in-house.
The website is excellent, and the business is supported by strong back-office IT systems. Substantial machinery and inventory value are included. In the last few years, the business owner has largely been uninvolved, with capable local management in place. Other aspects of this business include:
• Substantial multi-year, high margin contracts are signed and in place with numerous sporting associations, providing the buyer with future revenue streams.
• The equipment included had a book value of $147,000, but it’s value in-place, in-use is substantially higher.
• Inventory is included with a value of $210,000.
• The workforce is well trained and loyal.
• Revenue and profitability have improved substantially in 2022, after a significant reduction in business caused by COVID.
• There is significant potential for growth from the custom garment manufacturing business.
For more information on this exciting opportunity, please contact Azaz Ahmed at (416) 807-2880 or [email protected]

Details

Business ID: TORW0015
Business Category: Apparel Manufacturing
Location: Ontario, Greater Toronto Area, Greater Toronto Area
Financing: Available
Status: New

Company Information

Year Established: 1971
Franchise: No
Number of Employees: 7

Financial Information

Asking Price: $ 375,000
Gross Revenue: $ 590,788
SDE: $ 192,145
FF&E (included): $ 147,000
Inventory: $ 210,000
EBITDA: $ 142,145
Down payment: On request
Occupancy Cost: On request

Business Presented By
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