Listing ID: 79278
Starting in 1997 as a business forms printing company, the company has evolved over the last 27 years and has diversified by offering a wider range of products in the graphic arts field. Products include color printing, printed and silk-screened t-shirt printing, embroidery on polos, shirts, caps, safety vests, promotional products, bags, boxes, labels, signs, banners, and more! When it comes to anything printed or embroidered, they have a great reputation in the printing/marketing world and are known for delivering world-class service, quality work, and fair prices. This company is a well-established, one-stop shop that can service all your customers’ printing needs – large, small, and anything in between.
This company serves all of Miami-Dade County and Broward County and over the past 27 years, has successfully built a portfolio that includes tons of repeat business.
The owner is retiring and is looking for a buyer that would like to expand and add this portfolio of loyal clientele to their existing business.
Ideal buyers include quick print shops, silk screen shops for printed t-shirts, embroidery shops, sign and banner stores, and promotional products distributors looking to grow through acquisitions.
- Asking Price: $155,000
- Cash Flow: $84,165
- Gross Revenue: $630,582
- EBITDA: N/A
- FF&E: $7,000
- Inventory: $25,500
- Inventory Included: Yes
- Established: 1994
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:900
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 4 weeks at no cost.
The company was started in 1994, making the business 28 years old.
The transaction will include inventory valued at $25,500, which is included in the requested price.
The company has FT: 1, PT:2 employees and is located in a building with disclosed square footage of 900 sq ft.
The property is leased by the company for $1,664 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nevertheless, the true factor vs the one they say to you might be 2 completely different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent reduction in profits, or a range of various other reasons. This is why it is really vital that you not rely entirely on a seller's word, however instead, utilize the vendor's answer combined with your overall due diligence. This will repaint a much more reasonable image of the business's current circumstance.
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 offer. Lots of operating businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new consumers? Often times, companies have repeat consumers, which create the core of their day-to-day profits. Certain factors such as new competitors growing up around the location, roadway building and construction, as well as staff turn over can affect repeat clients as well as negatively influence future earnings. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the regional average home income impact future earnings potential?