Listing ID: 83190
Business Overview
Turnkey operation includes business, facility, equipment. Printing 30 loyal clients — 20 weekly publications; 4 bi-weekly publications; 6 monthly/school year/occasional publications. Most of our clients began printing with our facility when we opened in 2003. Consistent quality, week after week, with delivery has led to our success. We’ve never lost a client due to quality. Includes adjacent lot and delivery business with van.
Production plant includes web press, mailroom all equipment needed included. Trained workforce. Papers printed, sold, and delivered to 200 miles of the plant. No local competition. Building with rental space is part of the sale.
Financial
- Asking Price: $1,250,000
- Cash Flow: $243,729
- Gross Revenue: $625,211
- EBITDA: N/A
- FF&E: $220,000
- Inventory: $30,000
- Inventory Included: Yes
- Established: 2003
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
6,000 sq. ft. – 2-stories (3,000 sq. ft. each floor) – press is on bottom floor – apartment is on 2nd floor – bathroom on each floor - historic building Please note that inventory is estimated, price includes that amount but could be adjusted for higher or lower amounts on hand at time of purchase.
training for buyer as agreed to in purchase agreement
retirement
None within 144 miles. Closest press is 150 miles away, and seller has a very friendly working relationship with them.
– As presses continue to struggle and shutdown, we’ve picked up most of their accounts over the years. Ability to add quad unit to press line for additional color income. Many clients want the press to offer mailing and inserting capabilities which would provide extra income as well. Upstairs apartment could be used for out of town owner, employee benefit, or to produce rental income.
Additional Info
The venture was founded in 2003, making the business 19 years old.
The sale does include inventory valued at $30,000, which is included in the asking price.
The company has 6 ft employees and is located in a building with estimated square footage of 6,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 totally different things. For instance, they might say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is very essential that you not rely totally on a vendor's word, however instead, make use of the seller's answer together with your total due diligence. This will repaint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too small. Many organisations fall 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 take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Often times, businesses have repeat consumers, which develop the core of their daily revenues. Specific variables such as new competition growing up around the area, roadway construction, and also staff turn over can influence repeat clients as well as adversely influence future incomes. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the possibility to develop a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the local typical family earnings influence future earnings prospects?
