Apparel/Home Decor Business, Offers Accepted through Feb. 1

Undisclosed Address, Albuquerque, NM
Business Opportunity for Sale
Catylist Listing ID: 30454825
Property Subtypes: Clothing and Fashion
Building Size (RSF): See Agent
Sale Price: See Agent
In Opportunity Zone? Yes
Name of Establishment: Silverado Apparel + Home
Business Website Address: https://www.silveradoapparel-home.com/
Year Business Established: 1980
Gross Revenue: $574,000 (Annual)
Cash Flow: $58,500 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash to owner. Owner may be willing to consider some owner financing.
Last Updated: 1/18/2021

Overview / Comments

This is an exceptional opportunity for line expansion for an established company or as an owner-operated business. Business must be relocated in 1H 2021. Offers being accepted through Feb. 1. Contact broker for information.

2019 sales were $827,000. Covid closing impacted 2020 sales due to mandated lockdowns; industry data suggests 2021 will benefit from pent up demand.

Trendsetting fashions for women, men and children, distinctive home décor, thriving custom hospitality business. Proudly manufactured in the US; New Mexico True certification if the business remains in New Mexico. Silverado has been in the forefront of design trends, including the Pendleton blanket coat and the serape jacket for 40 years. The company boasts numerous brands that are in demand by discerning customers on three continents. Silverado has mature marketing and distribution channels, well maintained modern manufacturing equipment, a large library of patterns, large organic followings on Facebook, Instagram and other social media sites, and much more.

Owner willing to consider selling apparel and home décor businesses separately.
Contact broker for details.

This is an asset sale. Owner wishes to retire.

Additional Details

Industry Segment: Clothing Designer
Reason for Selling: Retirement
Value of Inventory Included ($): $288,000
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Not Applicable
Value of Real Estate Included ($): $0
Real Estate Lease Description: Business needs to be relocated in 1H 2021 as building housing the business is under contract. Owner believes that 5,000-6000 sf is adequate for relocation. Suitable properties are available in the Greater Albuquerque area. Owner willing to provide assistance during move/setup.
Employee/Labor Description: Key members of design and marketing team plan on staying. Most employees have been with the company for a number of years.
Mgmt/Training Support Description: Owner dedicated to success of business and willing to train.
Competition/Market Description: Southwest Style is an enduring market both in the US and in many international markets. Company is leader in niche fashion market for both apparel and home decor. Recognized by the Boutique Hub as being one of the top 20 brands for Best of the West. US manufacturing reduces overall shipping costs, shortens TTM on new designs and permits on-demand manufacturing, all of which have been a major benefit during the continuing Covid pandemic.
Growth/Expansion Opportunities: Southwestern Look never goes out of style! Excellent wholesale customer list. The company has been actively involved in custom decor for the hospitality industry. Over the last 12 months, demand has increased dramatically. Demand for southwest style is constant, and both the apparel and home decor lines are seeing strong interest moving in to 2021. There are strong rep channels in the US, and plenty of room to grow domestically and internationally.
Seller Financing Description: Seller may discuss owner financing with large down payment.

Contact

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