Listing ID: 73515
This Company has been providing uniform services for over 35 years. It provides uniforms, custom apparel, uniform accessories and tactical gear + in-house and contracted out embroidery, screen printing and alterations to its well-established customers in both the public and private sectors, such a police fire, sheriff, security, EMS/EMT, healthcare, hospitality, restaurant, industrial and other service sectors. It sells through its sales personnel, physical showroom, and online store. It is located in close proximity to major highways and its customers often travel long distances to its showroom and warehouse. It carries over 100 brands, including all major brands.
- Asking Price: $900,000
- Cash Flow: $300,000
- Gross Revenue: $3,000,000
- EBITDA: $300,000
- FF&E: $150,000
- Inventory: $400,000
- Inventory Included: N/A
- Established: 1985
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:37,000
- Lot Size:N/A
- Total Number of Employees:18
- Furniture, Fixtures and Equipment:N/A
Showroom + office space + warehouse & production space - all conveniently located off major highways.
Turn-key experienced staff is in place and owner will transition/train upon request.
Great reputation and long time customer relationships with area police, fire and EMT departments + area healthcare, industrial, hospitality and food service industries.
Opportunities await for a more on-line emphasis. Plenty of facility space to expand inventory and production.
The company was established in 1985, making the business 37 years old.
The transaction doesn't include inventory valued at $400,000*, which ins't included in the suggested price.
The business has 18 employees and resides in a building with approx. square footage of 37,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. However, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is very important that you not depend absolutely on a seller's word, yet rather, use the seller's answer along with your total due diligence. This will repaint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract new consumers? Most times, companies have repeat clients, which create the core of their daily profits. Specific aspects such as new competition sprouting up around the location, road construction, and employee turn over can affect repeat consumers and adversely influence future earnings. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Exactly how might the local typical home income impact future income prospects?