Listing ID: 79523
Thus is a long time trusted Broward-based screen-printing business specializing in Silk Screen T-Shirt printing, Polo’s, Sweatshirts, and Canvas Bags. 75% of their revenue is derived from their wholesale accounts and 25% from their retail customers.
- Asking Price: $338,000
- Cash Flow: $175,631
- Gross Revenue: $355,741
- EBITDA: N/A
- FF&E: $90,000
- Inventory: $500
- Inventory Included: Yes
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The business is housed in a commercial building, with a nice office and spacious warehouse.
Will train for 3 weeks @ $0 cost. The company provides their trade customers with high quality contract work of screen-printed services. No special licenses are required - just a good business sense. Seller will train for three weeks. Great expansion option for an existing screen printer or for a newcomer in the industry. Advertising skills to take the business to the next level while not required will be considered a major plus.
Owner is retiring after 42 years.
You'll be hard-pressed to find another screen printing contract shop with a book of clients accumulated over three decades. This is the go-to place for many players in the space, big and small.
The potential for growth is immense given that there are close to 66,000 small businesses in Broward County alone. The company wants to increase the share of that huge market. New owner can also solicit government agencies. A buyer with marketing skills can take this company statewide if not bigger.
The company was founded in 2004, making the business 18 years old.
The sale will include inventory valued at $500, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. However, the true reason and the one they say to you might be 2 completely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of various other reasons. This is why it is extremely vital that you not count totally on a seller's word, yet instead, use the vendor's response together with your total due diligence. This will paint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new clients? Often times, businesses have repeat consumers, which create the core of their everyday revenues. Specific aspects such as brand-new competition growing up around the location, roadway construction, and personnel turn over can affect repeat clients and also adversely influence future earnings. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the higher the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the regional average house earnings impact future revenue prospects?