Business Overview

Custom Embroidery business, established for 35 years, a R.I. leader in the industry. Large commercial and institutional customer base. Owner retiring. Turn key operation, Staff and all equipment in place for new ownership. Owner financing available to qualitied buyer
Business established since 1986, Sales have been consistent over the years, 2020 was lower due to covid. 2121 strong comeback year. Owner salary in the six figures. Loyal staff in place to run day to day operations. Lease is well below market value. Client base is over 500 customers. 5 star Google reviews. This is a full service embroidery operation.
Established for over 35 years. Strong customer loyalty, Steady repeat business. Great customer service, 5 star Google reviews. This is a full service operation. An extensive line of items available for embroidery services.
Excellent grow opportunity ,Company is poised to expand internet business. Owner is doing new sales. New ownership and more aggressive sales will increase current sales.
!st floor operation. Busy location, on main Street

Financial

  • Asking Price: $350,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $180,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1986

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The venture was founded in 1986, making the business 36 years old.

The company has 5 employees and is situated in a building with disclosed square footage of 2,200 sq ft.
The building is leased by the company for $1,250 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. Nevertheless, the true reason and the one they tell you might be 2 totally different things. As an example, they might say "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is really important that you not depend entirely on a seller's word, however instead, use the seller's answer in conjunction with your overall due diligence. This will paint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new clients? Most times, operating businesses have repeat customers, which create the core of their day-to-day earnings. Particular factors such as brand-new competition sprouting up around the location, roadway building, and personnel turnover can affect repeat customers and also negatively influence future incomes. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the local mean house income impact future earnings prospects?