Yaniv Haramaty
Orlando, FL (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Sahara Bags International DBA; Naneu
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Startup
Location:
Orlando
Industry:
Manufacturing
Year Founded:
1999
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
Naneu bags, is an international camera bag brand based in Orlando Florida (URL removed)
Founded in late 1999, Naneu is a well known brand in the photo industry, features a large variety of unique camera bags and laptop cases.
Business overview
Consistent growth and profitable until 2007. In 2008 one of our major factories in China shutdown and damaged our business. We lost over $250k in goods and cash and loss in revenue due to our inability to deliver goods. Ever since it's a battle with cash flow and factories to ship our product on time to meet our demand. Today the demand for our product is greater than our ability to deliver. Our GP from international customers runs in average of 30%. In the US our GP runs between 43% to 53% depends if it's a drop ship for e-commerce or shipment to retailers.
Summary
After 11 years and despite all obstacles the Naneu brand is well established with a customer network all over the world. We can bring the company in a short term to be over $3,000,000 with the current demand that we have, and not less than $10,000,000 in revenue in the long term if we have adequate capital to run the business and a supportive factory.
Capital growth is needed but a strategic acquisition with a company that has connections to soft goods manufacturing or to the CE industry and channels is even better.
Thank you.