Profitable Italian Bike Sportswear Brand

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Asking Price:$990,000
EBITDA:$240,126
Established Year:1980
Cash Flow:$253,459
Real Estate:$378,000
BUSINESS DESCRIPTION

Advantages and benefits of having a business in Italy
Love in Italy is also friendship, attention, solidarity and the ties that bind both traditional and newly-minted. Love and attachment to people, to nature, art, culture and to work ennobles and energizes the best of Italy. Strong relationships are the heart of the majority of businesses and are generally personal and respect values such as trust, loyalty, and familiarity. In fact, Italy has a larger percentage of small and medium-sized, family-run businesses than any other European country. Single families still control many larger companies and with family time being such an important aspect of Italian culture a sense of heritage is very strong.
Foreign tax relief and tax treaties
The United States has entered into Totalisation Agreements and also has tax treaties with Italy. Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from US taxes, on certain items of income they receive from sources within the United States. These reduced rates and exemptions vary among countries and specific items of income. Under these same treaties, residents or citizens of the United States are taxed at a reduced rate, or are exempt from foreign taxes, on certain items of income they receive from sources within foreign countries.


An opportunity to own an international business, rooted in Italian design and cycling culture, with one of the top brands in the industry. The brand and the company’s talented staff, up-to-date manufacturing capabilities, and design expertise can be leveraged for more world-wide growth. Every cycling apparel company touts any connection to Italy because of their reputation for the best quality, and their cutting-edge designs and fabrics. The production facilities are in Italy, but the business can be managed from anywhere. The business provides a great opportunity to regularly visit Italy, maybe even get your Italian visa, while growing an already well-known and respected international brand.

In business since 1980, the company is known both for their specialized Italian designs, customized team clothing, and accessories. The Company’s expertise is in its unique, comfortable designs, fabrics, and manufacturing capabilities. Based in Northern Italy, the hub for professional cycling, the company leverages both the local craftsmanship and new technologies to continue to stay on top of the market. A perfect fit for any individual entrepreneur who is a biking enthusiast, or a company in the cycling industry that wants to acquire a profitable, well-run business for expansion in both the US domestic and international markets.


Inquire today to learn more.


DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Owned
Employees
11
Facilities
Location: Valdengo, Italy (Northern Italy) Real Estate: Owned, it is negotiable and could be included in the sale Building: 1077 square meters (approximately) – Building Sold Separately; Land Value: €60,000, Building Value €158,000, Solar Panel Value €160,000. Solar Panel Revenues: €16,000 yearly Employees: 11 (including the owner) Support & Training: Will train for an agreed amount of time for a smooth transition.
Competition
The global cycling wear market size was valued at USD 5.49 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027. Market growth is attributed to rise in awareness related to health and fitness among consumers across the globe.
Growth & Expansion
A perfect fit for any cycling company that wants to acquire a profitable, well-run business, and leverage a highly respected cycling brand to grow their business both in the US domestic and international markets. The company can be located anywhere, but it’s recommended the manufacturing stay in Italy. Company receives large sum of government subsidies yearly, which help to fund various internationally based projects (distribution, storefronts outside of Italy). This is not reflected in their revenues and flows straight to the bottom line.
Support & Training
Will train for an agreed amount of time for a smooth transition
Reason for Selling
Owners are ready to retire to pursue other opportunities.
Franchise
This business is an established franchise
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Jordi
Lanatta
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Jordi Lanatta