Listing ID: 84000

Business Overview

Are you a sports fan? Do you like working with teams, coaches, and schools? Interested in branding and creating promotional materials for businesses, churches, and nonprofits? This business has been doing it for almost two decades. Well known Southwest Michigan screen printer with modern equipment, inventory and a loyal customer base. With a little training, this opportunity offers a chance to step into a career that is rewarding and profitable.

The company supplies local schools and clubs with full service custom screen printing and embroidered uniforms and accessories. By providing excellent service through quality materials and consistent performance this company is profitable with room for growth. Owner is looking to pass this exciting business on to someone that is personable and outgoing who can make it their own.

Financial

  • Asking Price: $150,000
  • Cash Flow: $45,000
  • Gross Revenue: $200,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,485
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business is operated from a 1485 sq/ft commercial building. Available for lease.

Is Support & Training Included:

Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities including regular customers and vendor partners.

Purpose For Selling:

Retirement

Pros and Cons:

Competition in this area has been from online suppliers. However, with the personal nature of the product and necessary deadlines, local personalized service is recognized as the best option.

Opportunities and Growth:

There is room to grow by adding outside sales. Attending local trade shows and networking. Social media and online marketing will take this business to the next level.

Additional Info

The venture was started in 2004, making the business 18 years old.

The business has 2 employees and is situated in a building with approx. square footage of 1,485 sq ft.
The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 absolutely different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of various other reasons. This is why it is extremely important that you not count totally on a vendor's word, however instead, utilize the vendor's solution together with your total due diligence. This will repaint a much more sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans so as to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Particular aspects such as brand-new competitors growing up around the location, road construction, as well as personnel turn over can affect repeat customers and also adversely influence future earnings. One vital point to take into consideration 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 people that see the business on a regular basis, the higher the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood average home income effect future earnings potential?