Listing ID: 80223
After building and maintaining a very successful Custom T-shirt & Embroidery Business, the owners are ready to retire!
The Company has a retail location and a strong online presence offering thousands of products, including customized apparel and gift items.
The Company provides custom-designed t-shirts and embroidery to organizations like schools; sports teams and clubs to increase their visibility; corporations to increase their brand identity & customer loyalty; businesses use custom printed apparel as an off-the-clock advertising tool. The Company has seen an increase in the use of custom printed t-shirts to create social awareness, raise a voice, and support a cause.
The Company has state-of-the-art equipment to provide excellent product turnaround times; a steady supply of repeat B2B customers along with a seasoned staff to make this a turn-key operation for the right individual.
2021 Gross Sales over $9.3M
2021 EBITDA over $957K
2021 SDE over $1.1M
Call RamBizGroup today for more information at 770-634-0428.
The actual location is disclosed for confidentiality purposes.
- Asking Price: $3,600,000
- Cash Flow: $1,119,000
- Gross Revenue: $9,308,000
- EBITDA: $958,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they may say "I have way too many other 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 transforming demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is very vital that you not depend entirely on a vendor's word, but rather, use the vendor's answer in conjunction with your general due diligence. This will paint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new customers? Many times, businesses have repeat customers, which develop the core of their day-to-day revenues. Specific variables such as new competitors sprouting up around the area, road building, and also personnel turnover can impact repeat consumers and adversely influence future earnings. One important point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the local mean house income effect future earnings prospects?