Specialty Retailer of Sunglasses & Upscale Casual Apparel

Available for acquisition: This multi-location retailer of upscale casual apparel and sunglasses, provides a wide assortment of the most popular brands combined with a high level of customer service. In 2019, revenue was derived from sunglasses (42%), men’s apparel (40%), women’s apparel (8%), and other products which include children’s items, footwear, accessories and miscellaneous hats, wallets, coolers, and stickers. The Company continues to maintain strong margins on its retail products. Over the years, the Company has expanded the total number of retail locations across the Southeast and offers customers a huge selection of name brand sunglasses and casual apparel. At each location, there is a dedicated team of professional sales associates whose goal is to provide customers with an informative and fun shopping experience. The Company carries popular brands in sunglasses and casual apparel. Sunglass brands include Oakley, Ray-Ban, Spy Optics, Tory Burch, Smith Optics, Under Armour, Maho, and other top brands. Location: Alabama Year Established: 2004 Number of Employees: 79 Market Outlook/ Competition: Superior Name & Reputation: Founded in 2004, the Company has established itself as a leading specialty retailer in the Southeast for upscale casual apparel and sunglasses. With multiple retail locations in several states, the Company has a well-established and scaled footprint, and benefits from name brand recognition. Documented Systems & Procedures: The Company has established systems and procedures that are well documented, and has a dedicated training manager. Coupled with a long history of researching new markets and opening new stores, the Company has an easy-to-replicate, standardized growth formula. Strong Supplier Relationships: The Company has many strong and longstanding supplier relationships providing reliable sourcing for a wide variety of desirable inventory. Strong Earnings Growth: Earnings as defined by EBITDA grew at a 28.5% CAGR in nominal terms between 2017 and 2019. Annual EBITDA averaged 10.8% of revenue, growing from 8.5% of revenue in 2017 to 13.7% of revenue in 2019.