Asking Price $1,250,000
Financial Information
Revenue: $2,284,683 Income: $456,964
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Second Largest Distributor of an Internationally Known Beachwear and Tropical Lifestyle Products with Established, Long-Term History of Revenue Growth and Profitability

Represents 600 miles of Eastern Seaboard Coastline

The company is a Panama Jack distributor that has been in operation since 2005. The Company is the second-largest Panama Jack distributor in the U.S., serving 600 miles of Eastern Seaboard, with 30.8 million people.

The Panama Jack brand has been growing since its founding in 1974, building a strong reputation for quality products at an affordable price point. The Company is able to distribute Panama Jack-branded and generic beach products, including suncare products, t-shirts, headwear, footwear, sunglasses, towels, and shorts, all of which are housed in the 10,000 sq ft warehouse that the company leases.

The Company has built many long-term relationships with retailers thanks to its superior service, customer satisfaction, and quality of products.

Significant opportunities for continued growth exist, including expansion into additional retailers and the addition of wintertime and/or additional generic products. Furthermore, the sun care products market is projected to grow at a CAGR of 3.15% over the next five years.

Purchase Considerations

Started in 2005, the Company is one of 12 U.S. mainland distributors of Panama Jack-branded beach products, including headwear, apparel, suncare, shoes, sunglasses, and more.

The company has a long-term history of revenue growth, profitability, and excellent customer service and satisfaction.

Founded in 1974, the Panama Jack brand is globally recognized and has a loyal customer base, thanks to its quality products at affordable prices.

The Company’s Mid-Atlantic territory includes New York, New Jersey, Pennsylvania, Maryland, Delaware, Washington D.C., Virginia, and the Outer Banks of North Carolina, representing 600 miles of Eastern seaboard coastline.

The business, which is currently seasonal, could easily grow to year-round with the addition of wintertime products.

Certain principles of Raincatcher are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.

Locations
regionLevel
Employees
5 Full-Time   1 Part-Time   15 Contractors  
Years in Business
17
Asking Price
$1,250,000
Terms

Negotiable

Ownership
1 @ 50%  2 @ 50% 
Facilities
9,165 s.f. leased warehouse
Reason For Sale
Owners are preparing for retirement