Business Overview

This well-established Canby, Oregon trophy and award business has a fantastic reputation for delivering high quality products and services.20+ years of success at its current location, the business draws from many surrounding cities with virtually no advertising. The Awards and Recognition Industry is a $4 billion a year business and it is still growing with new product development and technologies. This business has the reputation and staying power that a buyer can capitalize on while taking the business to the next level. This market will do extremely well as the pandemic wanes and people of all ages return to athletics, work, company gatherings, school events and social events to name a few. With its current customer base and the benefit of gaining new customers since a couple of competitors closed their doors this past year, business is expected to boom. Trophies, awards, plaques, name tags and badges are just some of the items that this business manufactures. An NDA is required for any information on this business.

Financial

  • Asking Price: $125,000
  • Cash Flow: $65,450
  • Gross Revenue: $144,631
  • EBITDA: N/A
  • FF&E: $17,319
  • Inventory: $7,300
  • Inventory Included: Yes
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,150
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

1 week

Purpose For Selling:

Possible relocation

Pros and Cons:

A couple of competitors closed due to the pandemic. Larger businesses can have cost/price advantages, but do not necessarily deliver the same quality product.

Opportunities and Growth:

Ecommerce has good potential since the competition recently was reduced. Increase advertising to underserved areas. More addressed in the Confidential Business Review.

Additional Info

The business was started in 2000, making the business 22 years old.
The deal will include inventory valued at $7,300, which is included in the listing price.

The business has 1 employees and is located in a building with estimated square footage of 1,150 sq ft.
The property is leased by the company for $1,485 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a range of other factors. This is why it is really essential that you not count absolutely on a vendor's word, but rather, use the vendor's solution along with your total due diligence. This will repaint a more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that revenue margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in brand-new clients? Many times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific aspects such as brand-new competition growing up around the location, road building, and also personnel turn over can impact repeat clients as well as negatively influence future incomes. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local average house earnings impact future earnings prospects?