Listing ID: 73337
***We are pleased to announce that this business has been SOLD***
This is a choice company for clients who prefer to outsource their fulfillment needs. Clients range from commercial printers, promotional products companies and other companies in Ohio that need help with preparing, packing, and shipping items. The company is ideally situated in Central Ohio and is able to take advantage of this strategic location.
Long standing relationships with their clients because of their attention to detail, high quality work, and great customer service, keeps the customers coming back for more and more work. Having a positive reputation in the market has also gained more clients and created new opportunities to branch into different areas of fulfillment.
Revenue is generated primarily through kitting, assembly and other hand work which ranges from taping or folding, to promotional gift box assembly to building retail displays. Order processing is another service offered and comprises picking, packing, and shipping orders daily for a number of clients. Warehousing and distribution includes clients who store long term items as well as those who ship pallets of material which the company prepares for their end client and ships as needed.
This is a great turn-key business for a new owner who is willing to put the time in to grow the business with the many opportunities available.
- Asking Price: $300,000
- Cash Flow: N/A
- Gross Revenue: $690,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
10,000 square foot facility
Owner has other interests.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nevertheless, the genuine factor and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a range of various other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, but rather, use the seller's solution in conjunction with your general due diligence. This will paint a much more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Many times, businesses have repeat customers, which develop the core of their everyday profits. Particular variables such as new competition growing up around the location, roadway building, as well as staff turn over can influence repeat customers as well as negatively impact future revenues. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the chance to construct a returning consumer base. A final thought is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood mean household earnings influence future revenue prospects?