Business Overview

This is your opportunity to own a full-service print and embroidery shop in Cook County, IL. This non-franchised, non-union shop offers embroidery, silk screening services, promotional items printing, and related products while offering professional attention to detail. Client base includes schools, municipalities, organizations, businesses, and promotional events.

As part of our due diligence on behalf of the Seller, Broker requires a personal financial statement and/or formal lender approval accompany any offer made on a business that we represent. A financial statement will be required for each of the parties directly involved in the acquisition to show they are financially qualified to move forward. Contact Broker for details.

Financial

  • Asking Price: $450,000
  • Cash Flow: $64,158
  • Gross Revenue: $813,966
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

retirement

Additional Info

The building is leased by the company for $4,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 totally different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of various other factors. This is why it is really important that you not depend totally on a seller's word, but instead, make use of the vendor's solution along with your overall due diligence. This will repaint a more realistic picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover things like supplies, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise 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 need to be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Particular elements such as new competition growing up around the location, roadway building and construction, as well as employee turn over can impact repeat consumers and negatively affect future profits. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the regional median home earnings effect future earnings prospects?