Are you passionate about design and looking for an established brand of streetwear to take to the next level?
THING THING was established in 2012 and is defined as a twist on everyday streetwear for men and women focussing on easy silhouettes, bold prints and great attention to detail. It is a brand that is geared to youth culture with a 20 something university student demographic focus.
THING THING operates primarily on an indent basis, selling ranges 5-6 months out from delivery. Production is out of China using 4-6 different factories per range.
Being a fashion business, stock redundancy can be high, but as there is only a small level of inventory carried, the impact of redundancy is low, which in turn means that the space required to operate the business is small; basically a large office/showroom.
Current customer base includes Canada, Australia, New Zealand as well as direct website sales.
The E-commerce portion is one of the fastest-growing aspects of the business as well as concession partnerships utilising drop shipping methods.
The benefits of this E-commerce are, higher margins on website sales, direct global shipping and an efficient direct-to-consumer avenue for stock clearance.
The brand is now looking for an enthusiastic new owner to take the business to the next level. All the contacts and systems are in place.
Contact Nico Wamsteker for further details - 021 933 313.
Price $490,000 + estimated stock value $40,000
For a confidential discussion please complete our online confidentiality agreement.
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