A 2 year old clothing brand with lots of potential to continue growing. Specialises in basic streetwear e.g tracksuits, t-shirts, jeans etc. Lots of profit pote
The brand, established by its founder at the age of 16, initially found success by offering basic and affordable streetwear. Its guiding principle, encapsulated in the slogan "For The People," emphasizes meeting customer needs by providing high quality at low prices. However, over time, the founder began to lose interest and passion, resulting in decreased effort in product releases, or "drops." Operations involve sampling clothes through manufacturers, conducting professional photoshoots, followed by marketing and sales. The time commitment per week fluctuates depending on the cycle of the drops.
The brand's primary customer base consists of teenagers aged 13-18, with some older patrons. Initially, there was a strong core of repeat customers who were highly engaged. However, this engagement dwindled as the founder's effort waned, although a number of loyal customers continue to purchase from new releases.
In its first year, the brand achieved approximately £10,000 in profit. However, due to a lack of financial knowledge, these profits were not reinvested wisely and were squandered. The second year saw a significant decline, attributed almost entirely to the reduced effort and passion from the founder.
Advice for new ownership includes officially registering the brand and focusing on re-promoting successful past items, such as highly popular tracksuits, to realize profits.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More