Niche-Focused Women's Bag Brand, Online and Wholesale

Listing Number: 6842-594685

Listing Details

Niche-Focused Women's Bag Brand, Online and Wholesale
Price: $99,000
Location: New York County, New York
  • Down Payment: $89,000
  • Sales: $144,257
  • Seller's Discretionary Earnings: $78,702
  • Inventory: $30,000
  • Furniture, Fixtures, and Equipment: $1,000
  • Rent: $926
  • Employees: 0
  • Year Established: 2000
  • Reason for Selling: Other Business Interests

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Business Description

The Company is known for its high-quality nylon craftsmanship, distinctive design aesthetic, and strong customer loyalty. In addition, the Company has recently launched a complementary line featuring women’s clothing and bags, further expanding its presence in the fashion and accessories market. Originally founded in 2000 as a retail storefront located in New York City, in 2012, the Company expanded its reach by launching its e-commerce platform. The physical storefront operated successfully for two decades before closing in 2020. The wholesale division was introduced in 2003 and has historically contributed between 30% and 50% of total revenue. Over the years, the company has maintained more than 200 wholesale accounts. Currently, the business generates the majority of its revenue through direct-to-consumer retail sales, however key growth opportunities include expansion into retail brick-and-mortar locations, scaling the wholesale channel, diversifying product offerings, and broadening the customer base to include international markets.