Be Part of a Fashion Bag Brand With Global PresenceListing: #OR00319
About this Business for sale inBe Part of a Fashion Bag Brand With Global Presence
What started out about 5 years ago as a simple buy and sell venture has now grown into a flourishing fashion bag business with an international following. Mostly beaded, woven and embroidered mediums are utilized in the creation of these very chic and colorful bags.
About 70 to 80% of the sales are from International wholesale and store orders obtained from agents and joining trade shows abroad. The local market is addressed through the website, a high end mall and online platforms such as Facebook and Instagram.
As per owner, 2018 gross sales reached about P4M with an average net income margin of 30%.
The owner is looking for an equity partner who’s involvement will help increase international exposure by joining more trade shows & also speed up production to meet the growing retail and wholesale market demands. With production improving, retail sales could significantly increase to about 40-50%. The new partner will be involved in the operations of the business, while the owner can focus more on the design aspect and retain creative freedom.
Asking Price of P5.5M for 40% ownership of this exciting global endeavor.
+63 2 900 8000
+63 995 971 8683
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.