Listing ID: 80925
This company was established over 30 years ago is a well known brand in the screen printing and embroidery business. They specialize in printing shirts, sweatshirts, uniforms and more! While many companies outsource their emroidery work, this establishment does their embroidery for hats, bags, jackets and more in house with the use of 3 machines. They also work heavily with local schools and athletic departments in providing sport uniforms, PE uniform and school spirit packs..
- Asking Price: $220,000
- Cash Flow: $69,650
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $45,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1989
- 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
3000sqft building. The lease $3245 p/month. A 5 yr. lease was put in place in October 2019 and the lease is assumable at landlords discretion. Lease renewal/extension is possible.
Seller is available for training for one month.
Pursue other opportunities.
Very limited competition in the Treasure Valley. Online is competitive, however this company is such a well known entity that there is plenty of business here in the Treasure Valley.
There is plenty of room to grow consumer direct to expanding into new relationships with schools and anything related to the construction industry.
The business was started in 1989, making the business 33 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nonetheless, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or a variety of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, however instead, make use of the vendor's answer combined with your total due diligence. This will repaint an extra sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new customers? Many times, businesses have repeat consumers, which form the core of their day-to-day earnings. Certain aspects such as brand-new competition sprouting up around the area, roadway building and construction, as well as personnel turn over can influence repeat consumers as well as negatively influence future earnings. One vital point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the opportunity to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional median family earnings effect future revenue prospects?