Description:

Wholesale e-commerce apparel and fashion company that creates innovative and customized apparel for its customers. The company specializes in designing and finish-stitching leather, polyvinyl chloride (PVC), woven, embroidered, and sublimated apparel.

Key Aspects:

Revenue and adjusted EBITDA grew at a compound annual growth rate (CAGR) of 47.8% and 30.2%, respectively, from 2020 through the trailing twelve months (TTM) ending June 30, 2023
From 2020 through 2022 gross profit (GP) margins averaged 52.2%
The company has sold over two million custom hats to more than 19,000 customers
Fulfilled orders in all 50 U.S. states and 27 countries
Low customer concentration with no customer accounting for more than 1% of the company’s total 2022 revenue
In-house graphic designers, stitchers, and sales personnel

Opportunities:

Expand product offerings to include more apparel options and customization choices to attract new customers and increase sales
Expand marketing techniques to support company growth
Increase the level of sales experience amongst existing employees to generate additional sales
Capitalize on the new enterprise resource management (ERP) software, which is expected to help boost sales and operational efficiency, beginning Q3 2023

Headquartered:

Southeastern, US

Current Markets:

The company primarily serves several industries, which include construction & manufacturing, hospitality, farming & hunting, team sports, municipalities & government agencies, and retailers.

Real Estate:

The company operates from a 30,000 sq. ft. facility leased from an unrelated third party. There is room to grow in the current location.

Shareholder Ownership:

The company is equally owned by two shareholders. Both owners are open to a variety of deal structures and are willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

Benchmark International

Benchmarks Exclusive Opportunities

Wholesaler of Custom Apparel – BN000046259

Wholesaler of Custom Apparel – BN000046259

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