Deal 82937 - Apparel - Unavailable

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In Partnership With:

Men’s Apparel Buying Group

Business Access Full – All Deal Seats Filled – Deal Access is Capped to 5 Total Searchers*

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Deal Snapshot:

Industry:
Men’s Apparel Store Consultants

Financials (Annual):
~$400K Revenue
~$160K Profit

Location:
New York City Metro

Owner Involvement:
Full-Time

Founded:
1980

Reason for Sale:
Retiring, Open to Transition Support

Business Highlights:

The only independent men’s apparel buying office remaining in the industry

Core services include product selection, vendor negotiations, and purchasing for independent, high-end apparel stores

The income model is based on monthly retainers from ~100 long-standing clients with virtually no turnover

Great reputation with strong client relationships spanning decades

Office lease included in the sale

4 employees

Opportunity to travel to Italy 2-3 times annually for fashion shows and vendor meetings

High client retention and a repeat revenue stream from the subscription model

The owner is willing to discuss seller financing

Considerations / Questions to Ask:

How stable is the current client roster, and what safeguards are in place if the owner transitions out?

Are there any exclusive agreements with vendors or stores?

What is the average retainer fee per client?

Can existing employees run operations independently, or is a new owner’s direct involvement required?

What is the timeline and scope of owner transition support?

How is profit calculated, and what adjustments should be made to understand true owner earnings?

Business Opportunities:

Hire a marketing company to capture more of the 1,500 independent men’s apparel stores still in the market

Leverage reputation to expand into consulting or product development for national brands

Explore digital/virtual buying office services to attract new clients outside of the NYC hub

Develop partnerships with emerging designers to strengthen differentiation

Expand beyond independents by offering augmented buying services for large national brands with internal buying departments

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