“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal

Private Label Eyewear Designer-Distributor in S. CA

Price: N/A

Cash Flow: $681,000

Total Sales: $3,300,000

EBITDA: $681,000

FFE: $28,000

Inventory: N/A

Monthly Rent: $5,780

Year Established: 1995

DESCRIPTION:

This well-established business is a wholesaler/distributor/Designer of fashionable eyewear, with its own private label brands. The business is solidly established and has an impressive distribution channel with major specialty retailers such as Forever 21, Free People, Hot Topic, Claire’s, Nordstrom, Tilly’s, Zumiez, Urban Outfitters, etc. In addition, the business has established relationships with Club Stores/mass merchandisers, such as Walmart Canada, MCX, T.J. Maxx, CVS, and Albertsons.

First Quarter 2019 shows $1.34MM in sales and $435K in EBITDA, with annual projected EBITDA of $681K, which could top $1MM of synergistic EBITDA through consolidation with a strategic buyer.

There is a tremendous upside opportunity since the Company is currently in an exclusive program with a major (5,000 door) national specialty chain that can result in millions of additional revenue. In addition, there is a tremendous upside in launching a viable eCommerce platform. A new owner can inject new energy to the business and pursue a more aggressive marketing and online strategy that can result in accelerated growth. The new owner can also pursue an expansion in a variety of additional product lines (such as handbags, belts, headwear, scarves, socks and tech accessories) with already identified Chinese sources.

The Company’s differentiation comes from its value-added leading-edge product designs and branding, as well as its long-term solid relationships with manufacturers of highly reliable and excellent quality products in China. These Manufacturers have been thoroughly vetted through physical visits with the owners, verification of manufacturing credentials and production history. The result is a clear differentiation in product quality and reliability. The Company controls all facets of the manufacturing/sales/distribution cycle. They are hands-on with their Chinese factories and all products are shipped from their own warehouse.

The company has a stellar reputation with its national and international client base, with products in numerous locations, including U.S. military stores, drugstores, department stores and junior chains. Customer segmentation is 80% US and 20% international. Its international clientele comes primarily from Canada and Europe.
Inventory and Accounts Receivable not included in asking price. The two owners are willing to assist for a transitional period, and stay on under a consulting or employment arrangement.

The company operates out of a 5,000 SF Warehouse and office building and has 9 employees. The operations run on a very efficient software for inventory, and financial management system.

LISTING DETAILS:
Total Sales: $3,300,000
Cash Flow: $681,000
EBITDA: $681,000
FFE Included: Yes
FFE: $28,000
Reason For Sale:

Personal

Training & Support:

4 weeks (20 hours/week included). Ongoing support can be provided under consulting arrangement to ensure continued health of the business.

OPERATION:
Year Established: 1995
Employees: 9
LOCATION:
Monthly Rent: $5,780
Square Footage: 5,000
Facilities Information:

Leased. 5,000 SF. One centrally located warehouse in Southern California. Lease expiration is negotiable.

SUMMARY:
Competition:

There are a few competitors, however, the Company’s long-established reputation of offering stylish, quality products and providing excellent customer service, have helped establish this stable growing company as a leader in its field.

Potential Growth:

Huge growth opportunities with new marketing strategies – both with product and channel expansion.

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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