Description of the business for sale
Since 1981, this highly respected uniform and accessories company has serviced the needs of law enforcement agencies throughout Idaho. As a leader in the Northwest in providing clothing and in service accessories (ancillary equipment, body armor, EMT equipment, etc), the company has developed an outstanding reputation and strong, loyal following. The majority of its business comes directly from law enforcement agencies and departments as well as individual public service employees. The company also provides uniforms and accessories for fire, postal, paramedic, corrections, security and career apparel for industrial work wear. In addition, the company includes proprietary services for uniform emblems and designs to complete community standards. This IS the professionals place of choice in Idaho. The customers include all city, county and state law enforcement agencies as well as State of Idaho departments. Exceptional history of sales and relationships toped with the major buyers and retail network make this an excellent proposition. A major strength of the business is not necessarily in the current product, but in the contracts and relationships with city/county and state agencies. Growth of the business can lie in both the current products and new and innovative sales of products that should include e-trade or web purchasing. Of note there is an immediate opportunity to sell products to a major purchaser heretofore excluded by a conflict of interest of one of the owners.
Support / Training provided by seller
Owner transition training and relationship assistance will be part of the overall turn-key presentation. All employees wish to remain.
Description of the facilities
GROWTH: Opportunities lie in several areas to include the development of e-trade, regional sales and the lease itself. It is noteworthy to explore the potential of converting the lease funds to equity at the time of purchase. Converting the $4,500 lease to a purchase should be immediately considered.
COMPETITION: The competition is very minimal in the niche service.
The facility is a leasehold with one remaining year. The 10,000 sq. ft. facility currently rents for $4,500/month. Furniture, fixtures and equipment, as well as account contracts and relationships are included. An inventory of retail products is available for acquisition, as well as accounts receivables.
ADDITIONAL FINANCIAL INFORMATION
•FF&E: $97,300