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Acquire a running business into ladies handbags, footwear, scarves and neckties

Acquire a running business into ladies handbags, footwear, scarves and neckties

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Description

Our client started the business with a view to promote vegan fashion with non-leather products. They offer an eclectic mix of ethnic and contemporary product designs crafted from PU and fabric. Designs are aesthetically created using different patterns, constructions, styles.
The PRODUCT RANGE includes
• HANDBAGS : totes, satchels, shoulder bags, messengers, slings, clutches,
wallets
• FOOTWEAR : flats, wedges, heels, ballerinas
• ACCESSORIES : scarves, neckties, jewellery, corporate gifting
They primarily cater to B2B market including major in-house labels of the Retail Chains but have also developed its brand presence in B2C markets of tier II cities in Punjab and Gujarat through lifestyle events. Our client is much appreciated in the reatil sector since they offer wholistic service to their clients – designing, manufacturing, supplying; the designs are in tandem with the latest trends and customised to clients’ TG while assuring
a quality product.

The clients that they have worked for are Future Group – all major brands Big Bazaar, Trisha (now Aditya Birla), Hypercity, Shree Balaji Retail, Loreal India – Lancome, Soul Trax Production Pvt Ltd, local fashion houses and export houses.

Additional information

Ask Price (Depends on Deal Structure & Payment Terms):

1.12 Crore

Operational Since

2012

Legal Status of the Firm

Sole proprietorship.

Staff Details

1. Co-Founder, Designer, Sourcing and Quality Control While completing MBA with Dual Specialization in Marketing and Finance, our client found passion and purpose in the realm of Marketing and Brand Management. Took the entrepreneurial path after completing rewarding tenures in verticals like Corporate Communications, PR, Brand Management and Marketing Services at corporate sectors of Telecom, Paint Industry and Banking. 
In 2012, successfully ventured into creating vegan accessories. Today, our client offers end-to- end service in terms of designing, manufacturing and supplying handbags, footwear, accessories like scarves, stoles and neckties to some of the major retail companies and fashion houses in India. 

2. Co-Founder, Production and Marketing – An MBA in Marketing from Somaiya Institute of Management. Work experience of 16yrs in the field of Sales and Marketing. Equipped with an experience of working with a textile firm that would print and dye saris and dress material. Primarily, supervising the overall production of the jet dyeing, screen and rotary printing of the factory while managing 150 workers. The company being a small family-run
business would not hire professionals for all the functions; thus, the knowledge and experience was not limited to only one function. It made the job more challenging and dynamic, giving exposure to varied aspects of business. Eventually, making people management a forte. Has successfully developed strong relationships with clients over the years. On operational front, looks into the production while developing business for the company. Also, has experience of sourcing goods from China.

3. Factory Managers – They supervise the workers in the respective unitsduring the production cycle.

Revenue for 2014-2015

Rs. 31,37,000

Revenue for 2015-2016

Rs. 26,04,000

Revenue for 2016-2017

Rs. 42,61,000

Reason For Sale

One of the Co-Founders of the company has the intent to pursue further studies. Therefore, our client is seeking a buyer who has the vision and passion to take forward this venture.

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