Business Overview

Excellent opportunity for individual that desires to manage a flexible personal schedule, while owning a business.
This unique retail laser engraving and promotional products company has been serving eastern Iowa for 50 years. The company provides friendly, high-quality products and service, with modern engraving equipment and software, along with vinyl graphics department, operated with a newer server system, and four complete work stations.
Services provided include: custom design work, custom laser and rotary engraving, for name tags, name plates, signs, plaques, trophies and awards for all types of business recognition and sports programs, custom rubber stamps – the company’s bedrock, along with vinyl graphics, department for custom signs, vehicle magnets and graphics, banners and heat-applied garment designs. The business also has membership in ASI, Advertising Specialty Institute, which is a huge, successful partnership between thousands of promotional products suppliers to meet all the needs of businesses, churches, schools and social events. They have full service design, for every facet of business, churches, schools, government, industry and personal needs.
The sale includes real estate near a major highway and busy downtown district. This property includes a large building, with an open lot that can be used for expansion.
This is a turnkey business opportunity and the seller will stay on for a smooth transition.

Financial

  • Asking Price: $305,000
  • Cash Flow: $90,000
  • Gross Revenue: $351,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1968

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:6,500
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

6500 sq ft building

Is Support & Training Included:

Owner will assist in a smooth transition

Purpose For Selling:

retirement

Additional Info

The business was founded in 1968, making the business 54 years old.

The business has 2 employees and is situated in a building with disclosed square footage of 6,500 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the true reason and the one they tell you might be 2 totally different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of other factors. This is why it is very important that you not count completely on a seller's word, however instead, utilize the seller's answer together with your total due diligence. This will repaint an extra reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new consumers? Many times, businesses have repeat customers, which form the core of their daily profits. Certain factors such as brand-new competition growing up around the location, road building, and employee turnover can affect repeat clients as well as adversely influence future incomes. One crucial thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the chance to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Just how might the local mean household income influence future revenue prospects?