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Confidential

Luxury Fragrance 3PL with HAZMAT Specialization

United States, international

44-year specialty 3PL generating $8.4M revenue with $1.5M net income serving international fragrance brands. Hazmat-certified for alcohol-based perfumes with white-glove fulfillment infrastructure serving premium retail (Saks, Neiman Marcus, Nordstrom, Bloomingdale's).

2024 Revenue

$8.4M

Up from $8.1M in 2023

2024 Net Income

$1.5M

18% margin profile

Client Base

<12 Clients

International fragrance houses

Employees

55 FTE

Non-union workforce

Business Overview

End-to-end 3PL focused on fragrance/cosmetics: warehousing, inventory control, EDI-integrated order processing, retail distribution (dept. stores), and DTC/B2C pick-pack. Added-value services include engraving, gift packaging, handwritten notes, and bottle adornments (kitting/value-add). Site positioning emphasizes decades in luxury fragrance logistics and seamless integrations with accounting/commerce platforms.

‍Headcount: ~55 (8–10 office; balance warehouse).
‍
‍Facility: 55,000 sq ft (lease through Nov 2026); evaluating ~100,000 sq ft expansion.
‍
‍Client count: <12 active; mix of B2B retail distribution and B2C e-commerce. Handles alcohol-based hazmat fragrance storage & shipping compliance.

Client Transition timeline

Largest client representing 40% of revenue ($140M annual volume) departing mid-2025 due to LVMH consolidation. Advanced negotiations with $150M fragrance brand on three-year contract to replace lost volume.

Prior $10M LOI cancelled post-client loss; current positioning reflects replacement pipeline de-risking revenue concentration.

Financial Snapshot

2023: $8.1M revenue; ~$3.4M net income (pre-tax margin ~38–42%).
‍
‍2024: $8.4M revenue; ~$2.9M net income (pre-tax margin ~38–42%).

‍2025E: impacted by client transition; 40% of historical revenue tied to a legacy account ending mid-2025 due to global-group brand consolidation; negotiations underway with a new fragrance client ($150M brand volume; target 3-year contract) expected to offset by 2026.

Services & Scope

  • B2B retail distribution: compliant shipments to leading U.S. luxury department stores (Saks, Neiman Marcus, Nordstrom, Bloomingdale's), routing/labeling, ticketing, ASN/EDI.
  • D2C/B2C fulfillment: brand-owned sites, marketplace flows, returns processing.
  • Value-add / kitting: engraving, gift wrap, notes, adornments (seasonal & promo programs).
  • Hazmat handling: alcohol-based perfume (flammable liquids) storage/transport compliance and evolving carrier rules management.

Operational strenghts

  • 55-employee non-union workforce near NJ port.
  • 55,000 sq ft climate-controlled facility (100K expansion evaluated)
  • Fewer than 12 international clients (France, UK, Italy, UAE)
  • Referral-driven client acquisition from brand owners and retailers
  • Percentage-based billing model tied to outbound sales volume

Operations & Team

55 employees; non-union. Roles include executive team, warehouse manager, order processing manager, HR, supervisors/leads, and trained pick/pack/engraving staff. I-9/background-verified workforce; EDI/accounting/website integrations are core to the operating model.

‍Management: Executive team includes warehouse manager, order processing manager, HR manager, supervisors.

Financials & Performance

Revenue Stability

85% recurring maintenance base

Market Position

Industry certified provider

Operational Efficiency

Skilled field team & equipment

Ownership Structure

Sole owner with with family-based management

Owner + wife plan to retire post-sale; general manager can remain per buyer preference (interim or longer).

Note: Previously under LOI ($10M valuation) with a warehouse-logistics acquirer; deal terminated after the legacy client notice.

No active broker representation. Lease terminates Nov 2026; timing aligns with potential facility decision and client onboarding.

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adam.haile@sourcecodeals.com

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16.7% EBITDA Margin

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View on Marketplace

20% EBITDA Margin

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Annual Revenue

~$18M

Annual Ebitda

~$3.6M

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