Business Summary
Business is an established business-to-business B2B screen printing and embroidery manufacturer providing customized apparel to businesses, governments, churches and school customers, in Parker County and surrounding areas. The customer is well-diversified across multiple industries and offers both wholesale and retail services. Established in 2010, the business has profitably grown from 2 part-time employees to 4 employees. Sales for the first quarter 2014 were up 37% over prior year first quarter! THE OWNER CURRENTLY WORKS PART-TIME 15-20 HOURS/WEEK AND IS ABSENTEE DURING SUMMERS. The business is located on a major thoroughfare with easy access for shipping, receiving and customers.
The top 3 product lines are custom screen printed (about 50% of sales), embroidered (~42%) and vinyl team transfers (~6%). Products include ready-to-wear apparel and accessories including leisure, corporate, work wear, promotional products and a small of vinyl banners (~1%). In-house screen printing typically includes run lengths from 24 to 1,000 (typically 124 to 300 pieces). Average order size during 2013 was approximately $864. A small amount of spirit wear is carried on-hand for 3 local independent school districts.
Graphics services include personalized monogramming, business logos and custom-designed graphics that are produced via 2 manual screen printing presses, 2 15-color single pass embroidery machines and vinyl plotter/press.
The business has EXCELLENT BOOKS & RECORDS and is located in a clean and safe neighborhood.. A knowledgeable, courteous and experienced staff provides customers with long term outstanding customer service. The business has grown primarily by consistent on-time quality productions generating repeat and word of mouth referral business. The owner has purposefully limited the business in order to make the most of their time and profit. The business will significantly benefit from hiring sales people. The business is an approved vendor to many businesses, churches and schools and has exclusive agreements with municipalities. The customer base is varied and diverse, helping the business maintain a constant sales volume and providing ample opportunities for growth.
The price for the assets of the business is $320,000.00 payable as $64,000 Cash at Closing, assumption of equipment lease of $13,500, seller-financing of $32,000 (up to 10% of the price to a buyer approved by SELLER) and commercial/ SBA Financing of $210,000. The assets include FFE valued at $68,800, Inventory of $12,500 at cost and Accounts Receivables of $22,000. The seller will also offer a SELLER-FINANCED option at a price of $380,000 payable as $190,000 down, assumption of equipment lease of $13,500, and balance (approximately $176,500) seller financed for five years @ 8% to a qualified buyer (monthly payments of ~$3,578.79). All financing to be personally guaranteed.
Property Details
Other Business Details
Business Location:
The business is located on a major thoroughfare with easy access for shipping, receiving and customers.
Premise Details:
he business occupies ~2,494 SF of office and warehouse space for ~$2,500/mo. The building location has Freeway Frontage for easy access from the interstate. Utility costs average ~$300/month including water, gas and electricity.
Expansion Potential:
The seller has used consistent on-time quality production to generate repeat and word of mouth referral business. A website was developed in 2010 and has been generating leads. The business will significantly benefit from hiring sales people. A new, energetic owner can further increase sales & profits in many ways: 1. The business will significantly benefit from hiring sales people, 2. Expand marketing to municipalities and use current clients as references, 3. Expand marketing to Churches and use current clients as references, 4. Personal contact with potential customers, 5. Internet advertising, 6. Pay for Click advertising - Google, Facebook.
Business Operation Details
Trading Hours:
Monday - Friday 9:00 am to 5:30 pm.
Support & Training:
Seller will train buyer for 4 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreeable fixed compensation to assist with general management functions for a finite period. Industry training is also readily available from vendors.
Miscellaneous Details
Financing Available:
Yes
Price $320,000 ALL-CASH or $380,000 with $190,000 down and seller-financing.
Reason For Selling:
Seller has successfully started, grown a profitable business.
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