Jun 17, 2019 — Renowned and tremendously profitable Hair and Skin Care company offered for immediate sale/joint-venture/equity share. This vital NY based firm is unique in that it manufactures and distributes its own brand but can also private label a full line of skin and hair care from concept to distribution. Offering in-house R&D, art and graphic design, printing, packaging, manufacturing, order fulfillment and distribution, the company is uniquely positioned as a leader in the industry.
Having been featured on a prominent and popular reality TV show coupled with long-standing relationships with big box and boutique retailers, wholesalers, and E-commerce vendors, the business boasts an average 20% year-over-year top line increase each of the past 3 years. Aggressive growth is projected to continue as the company recently signed a full line licensing contract with a network celebrity, introduced its proprietary line into South America, China and Canada and is set to market on QVC in Europe this fall. Additionally, management and ownership are in negotiations with Costco and a deal is likely to be imminently signed; this alone will result in a projected 7% increase in sales.
Operating out of a fully owned 34,000+/-sf facility that features offices, laboratories, manufacturing space, warehouse, and a theater (for product roll out and training), the business can easily handle a 200% increase in sales with its present configuration. State-of-the-art equipment used in manufacturing, packaging, distribution and even disposal valued at $1.5m is included in the sale. The seller is looking to transition into retirement after many years in the business but he is willing to stay on during transition for a period of up to 2 years or longer depending on deal structure, and is willing to entertain full/partial sale or joint-venture offers.