Cash Flow: $104.000
FF&E: $4,000 Included in Sale
Inventory: $27,000 Included in Sale
Year Established: 2003
Employees: Owner operated and 2 full time
This company has been in business since the summer of 2003, after being discovered at an L.A. Collectible outdoor market. The business started with a bang, selling into over 1,000 boutiques across the country in the first 3 years. The business currently has a data base of over 5,000 retail stores and individual website customers. The company has sales reps in Dallas, Los Angeles, New York, Chicago and Atlanta. Representatives handle both the kids and adult lines.
This company is the largest of just a handful of other ‘after market’ Sandal embellishing companies so there is very little competition and it’s a great niche market. The sandals the company uses are advertised in all the trendy popular magazines such as In Style, People, and Vanity Fair.
The company has virtually no competition in the jeweled Sandal marketplace on a serious level. Where this company has over 300 combinations of Sandals and embellishments, competitors have a couple dozen.