Designer Hat Business For Sale - NYC

DESIGNER HAT BUSINESS FOR SALE
Established award-winning men’s and women’s designer hat manufacturer in NYC is for sale. Clients for men’s hats are Neiman Marcus and Nordstrom’s.
The Sale includes all raw inventory (hats are all made to order so there is no wasted stock), thousands of unmade straw braid bodies and fur felt bodies, hundreds of wood blocks and all the equipment (fixed assets) and seven top-notch employees.
The 35-year-old hat business is on 35th Street (behind Macy's). Annual billings are under $1 million. Owner will provide all of the support necessary for a smooth transition with buyers and staff and will design collections and meet with major buyers if needed.
“Facilities: 5000 square foot factory, lease negotiable, Midtown Manhattan, includes 100's of wood blocks, sewing machines, blocking plant, ovens, all raw materials (bodies) for making hats, labor in place.”
“Competition: There is very little competition. We make the best men's hats in the world as well as church, dressy hats and women's classic hats. This is a tremendous growth opportunity for buyer willing to put in the effort.”
“Growth-Expansion: Women's classic, church and dressy lines are very underdeveloped. The right person could definitely expand sales. Business name is well established and well known and could be used to expand into other accessory categories.”
Support and Training: Owner will provide All Support necessary for smooth transition with staff and buyers. Will design collections and meet with major buyers if desired.
The reason for this sale is that the owner is 63- years-old and would like to slow down. Contact - hatcompanyforsale@gmail.com or dfyoga@aol.com