Listing ID: 76759
Ideally positioned to expand ecommerce sales, the company stocks over 1100 products including molding and casting materials, fillers, fiberglass, clay, wax, tools, plaster, books, videos, patina supplies, sculpture stands, gypsum for casting and mother molds. The current owner has made some inroads with internet sales, but there is substantial untapped potential to grow this side of the business.
For 20+ years, this well-known and respected company has been the go-to supplier for a comprehensive line of products and supplies for sculptors, foundries and hobbyists both locally and globally through traditional retail and online sales. The company has a diverse and expanding base of online and walk-in customers that includes artisans, mold makers, concrete casters and metal fabricators.
Strong profit margins, complete recovery from COVID – 2020, many repeat customers, strong vendor relationships, a reputation for exceptional customer service and a Better Business Bureau A+ Rating, this well-run company is ready to be taken to the next level.
Asking price includes all FF&E and $91,000 of Grade-A inventory.
- Asking Price: $295,000
- Cash Flow: $136,000
- Gross Revenue: $865,000
- EBITDA: N/A
- FF&E: $51,000
- Inventory: $91,000
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,600
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
5,600 sf leased facility.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
This is a unique and proven artisan supply company with a long history of growth, solid vendor relationships and an extensive product offering; not many competitors!
Grow ecommerce side of business, expand into the special effects market, provide scanning and 3D printing, hire a dedicated sales person, improve social media/ marketing/advertising. Someone with ecommerce expertise could leverage this company’s current strengths.
The company was established in 2000, making the business 22 years old.
The sale does include inventory valued at $91,000, which is included in the requested price.
The company has 3 F/T, 1 P/T employees and resides in a building with approx. square footage of 5,600 sq ft.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nonetheless, the true reason vs the one they say to you might be 2 totally different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is very vital that you not count totally on a vendor's word, yet rather, utilize the seller's solution along with your overall due diligence. This will repaint a much more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Remember that occasionally this can suggest that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Often times, businesses have repeat consumers, which form the core of their day-to-day profits. Certain elements such as new competitors sprouting up around the area, road construction, as well as personnel turnover can affect repeat clients and also negatively affect future revenues. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the higher the chance to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the local average home income effect future earnings potential?