Branded Anti-Aging Skincare & Lipcolor Products
This high profit business, founded in 2004, develops markets and sells beauty products in three primary categories: Skincare, lip color and cosmetic accessories. The company’s portfolio consists of 173 SKUs’ across five brands. The Skincare segment is primarily focused on problem solving anti-aging formulations within three brands. The second segment is highly popular branded Lip color products. The third group consists of cosmetic accessory products focusing on solutions to common beauty challenges.
Product development capabilities are highly efficient allowing the company to launch new SKUs each year. In the US, 240 active accounts sell products through 7000+ doors which include specialty Beauty/Dept. stores, Professional Beauty and Off-Price along with several mail order catalogues and independent retailers. International sales are 24% of revenue and sold through third party distributors in 39 countries. Online sales are with Amazon, Zulily and the company’s five Branded e-commerce websites.
Long standing relationships exist with the company’s domestic manufacturers and 3PL partners with highly efficient inventory management and quick manufacturing turn-around. Ninety percent of skincare and cosmetic products are produced in the US and developed in concert with dermatologists and chemists at third-party manufacturers. Products made overseas include facial masks made in Korea.
The company employs an experienced, stable, knowledgeable and well trained professional staff of 15. The business leases 3750 SF of executive office space. Owners wish to retire but are available for a transition period of up to 1 year.