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Has anyone sold an apparel/DTG business?

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Old 3 Weeks Ago Jul 15, 2020 1:09:00 PM -   #1 (permalink)
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Default Has anyone sold an apparel/DTG business?

I think it’s time for me to move on. We do a ton of sales online, make good money without really doing much. I think selling to a screen print or direct to garment shop would make the most sense, I have one person running my entire business. Any ideas from you guys? Thanks in advance
 
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Old 3 Weeks Ago Jul 15, 2020 3:51:08 PM -   #2 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

An aquaintance used a local business broker.
 
Old 3 Weeks Ago Jul 15, 2020 6:17:29 PM -   #3 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

Use a business broker
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Old 3 Weeks Ago Jul 15, 2020 6:18:08 PM -   #4 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

Quote:
Originally Posted by carllark
I think it’s time for me to move on. We do a ton of sales online, make good money without really doing much.
I thought I had one of those Deja Vu moments... but no I do remember correctly, you wanted to sell a couple of years ago as well.

The price you were asking is too high.
The business has no assets so the valuation will be based on the net profits from previous years.
However, we are in the middle of a pandemic and I would assume future profits are likely to be 20-30% lower.
Potential buyers will probably want ROI within 3-4 years.
 
Old 3 Weeks Ago Jul 15, 2020 7:50:29 PM -   #5 (permalink)
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All good points, thanks. Surprisingly the pandemic has been pretty good in the sense that we run from home and haven’t really seen much of a dip in sales. But yeah I certainly have a more realistic view of value, I am hoping to find someone who has done it to see kinda what kind of multiplier on net income they might have received, if any.
 
Old 3 Weeks Ago Jul 15, 2020 7:50:47 PM -   #6 (permalink)
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Default

All good points, thanks. Surprisingly the pandemic has been pretty good in the sense that we run from home and haven’t really seen much of a dip in sales. But yeah I certainly have a more realistic view of value, I am hoping to find someone who has done it to see kinda what kind of multiplier on net income they might have received, if any.
 
Old 3 Weeks Ago Jul 15, 2020 7:50:58 PM -   #7 (permalink)
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Default

All good points, thanks. Surprisingly the pandemic has been pretty good in the sense that we run from home and haven’t really seen much of a dip in sales. But yeah I certainly have a more realistic view of value, I am hoping to find someone who has done it to see kinda what kind of multiplier on net income they might have received, if any.
 
Old 3 Weeks Ago Jul 15, 2020 7:51:10 PM -   #8 (permalink)
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All good points, thanks. Surprisingly the pandemic has been pretty good in the sense that we run from home and haven’t really seen much of a dip in sales. But yeah I certainly have a more realistic view of value, I am hoping to find someone who has done it to see kinda what kind of multiplier on net income they might have received, if any.
 
Old 3 Weeks Ago Jul 15, 2020 7:51:49 PM -   #9 (permalink)
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Default

All good points, thanks. Surprisingly the pandemic has been pretty good in the sense that we run from home and haven’t really seen much of a dip in sales. But yeah I certainly have a more realistic view of value, I am hoping to find someone who has done it to see kinda what kind of multiplier on net income they might have received, if any.




Quote:
Originally Posted by TABOB
Quote:
Originally Posted by carllark
I think it’️s time for me to move on. We do a ton of sales online, make good money without really doing much.
I thought I had one of those Deja Vu moments... but no I do remember correctly, you wanted to sell a couple of years ago as well.

The price you were asking is too high.
The business has no assets so the valuation will be based on the net profits from previous years.
However, we are in the middle of a pandemic and I would assume future profits are likely to be 20-30% lower.
Potential buyers will probably want ROI within 3-4 years.
 
Old 3 Weeks Ago Jul 15, 2020 8:48:22 PM -   #10 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

Unfortunately for you it's very unlikely that your target audience for your question would still be visiting this forum if indeed they have sold their apparel business.


However I think if you have good value in your "product", now is probably as good a time as any to test the market place with many people wanting to establish a home based business in one way or another.
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Old 2 Weeks Ago Jul 16, 2020 12:43:59 PM -   #11 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

There is an expectation that in a down economy, and a threat it will get worse, many are looking for an opportunity. In most cases, print shops have depreciating equipment with a few exceptions. The astute buyer will know the only thing you really have to sell in the value of your relationship with your customer list. That is where your gold lies. Once you know how to quantify, don't limit your efforts to existing print shops.
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Old 2 Weeks Ago Jul 16, 2020 6:44:08 PM -   #12 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

Basically for a screen print shop the premium price is 2.5 X Net plus FFE. You can use a business broker to try to help you out or just put it up yourself and try to make the most of it. If you are all online then maybe you can do it yourself but I would use an escrow service so you are sure you are paid and an attorney to make sure you are not involved in a lawsuit afterward.

Good Luck.
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Old 2 Weeks Ago Jul 18, 2020 5:35:37 PM -   #13 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

Thanks all, these are all really good points and I appreciate all of you taking the time! Sorry for my last post posting like 8x
 
Old 2 Weeks Ago Jul 21, 2020 7:56:03 AM -   #14 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

our clients have seen a massive expodential increase in sales during the pandemic and now. A strong online presence with a advanced designer is a requirement.
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Old 2 Weeks Ago Jul 22, 2020 3:53:18 AM -   #15 (permalink)
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Default Re: Has anyone sold an apparel/DTG business?

*exponential. Do you have a cold or something?
 






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