Listing ID: 79513
This advertising specialties company is home-run and stand right in the middle of Palm Beach business community, which has an enormous appetite for advertising products. They have clients in over 50 countries. They also offer custom clothing made in the same factory as Nike, etc. If you are looking for a gem in this industry – you have found it. They have many sources of revenue. Their products and services include but are not limited to name badges, labels, stickers, car, truck & trailer graphics, parking & yard signs, window perforation, posters & banners, promotional items, signs, vinyl graphics, magnets, engravings, key chains, gifts, awards, printing of flyers, brochures, business cards, door hangers, part forms, silk screening, hot stamping, thermo flexing, embroidery, heat screening, hot stamping, t-shirts, hoodies, towels, jackets, etc. They are surrounded by hundreds of established businesses who find their location convenient and their services vital. Looking for a financially strong buyer with relative industry experience!
- Asking Price: $595,000
- Cash Flow: $355,594
- Gross Revenue: $863,289
- EBITDA: N/A
- FF&E: $20,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This business is home-run. Their business model changed with the pandemic - but they carry a long list of office furniture in storage for the buyer, should he or she decide to run the business from an office. (Home Based)
Will train for 3 weeks @ $0 cost.
Owner is retiring.
There are other advertising specialty agencies in the county, but this one offers everything. Multiple sources of revenue in terms of products and services offered is a very powerful driver of stability and growth. They also have a log list of clients in the Caribbean, so they have managed to create geographical diversity.
Great potential for growth in the fast growing Palm Beach county, which has amazing purchasing power. Direct mail and social media participation can propel the sales of this already successful company.
This Business Is Home Based
The business was started in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell businesses. However, the true factor vs the one they say to you might be 2 completely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in incomes, or a range of various other factors. This is why it is really important that you not count entirely on a vendor's word, yet rather, utilize the vendor's answer along with your general due diligence. This will repaint a more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new customers? Often times, operating businesses have repeat customers, which develop the core of their daily revenues. Specific factors such as new competitors growing up around the location, road building and construction, and also staff turnover can affect repeat clients as well as adversely affect future profits. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to build a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood median household income effect future income potential?