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#Business ID: 19904

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Mfg. of Custom Banners, Flags, & Specialty Signage

Business Location: Massachusetts, United States

Asking Price: BUSINESS SOLD Revenue: $ 1,200,000 Cash Flow: $ 50,000

[Furniture / Fixtures included]

Business Summary

This company is a preeminent one stop custom banner manufacturer, flag retailer, flagpole and parts dealer, and installation specialist. The Company derives the majority of its revenue (approximately 56%) from the fabrication and distribution of fabric-based custom banners, flags, and specialty signage. Their signature product is appliqued banners, which are custom designed and crafted fabric stitched on fabric creations that are admired for their uniqueness, workmanship, and durability. The Company maintains a duly-outfitted and capably staffed stitchery, managed by one of the most skilled applique artisans in the industry. Digital print-on-fabric custom product is outsourced to regional area graphic print vendors and is brought back in-house for quality controlled finishing. Revenues from the installation of product (such as commercial, municipal, and residential flagpoles) and the retail sales of ready made flags and accessories represent approximately 26% and 12% of sales, respectively. The balance of the Company's sales is derived from contract finish work that Company’s stitchery performs for Boston-area graphic design and print houses.

Company’s products are frequently displayed in highly visible, often dramatic locations such as the State House, Boston City Hall, Boston Harbor Hotel Rotunda, and Fenway Park environs.

EBITDA: $50,000

Property Details

Years Established:

1992

Property Type:

Lease

FF&E:

$ 45,000

Inventory Value:

$ 250,000

Other Business Details

Premise Details:

This Company operates out of a 5,860 square foot building, workshop, and production facility headquartered in, Massachusetts. The building is expected to provide ample capacity to accommodate substantial growth. The Company’s staff totals 10 full-time and 1 part-time.

Competition:

Company has not engaged in any formal advertising efforts. A focused advertising campaign would introduce the brand and the Company’s wide range of products to potential customers. Upgrading the Company’s website to increase traffic and utilize social media platforms would be one possible way to advertise more effectively.

Expansion Potential:

Expanding the Company’s existing dealer base beyond the greater metropolitan area, where the Company does not currently have a strong presence, is an opportunity for growth cited by management. Hiring regional sales representatives in high margin territories, such as the Eastern Seaboard of the US, Business will diversify its geographic mix while improving profit margins. Management also indicated additional operations can be supported from the existing locations until a satellite facility could be self-sustained in the new target areas. Despite operating a professional websites, the Company does not currently have the capability to generate revenue from on-line sales. By establishing a web-based store, the company could not only better meet the needs of local clients, but also reach customers located globally.

Business Operation Details

Employees:

9

Support & Training:

The current shareholders are willing to remain with the Company during a brief period to ensure a smooth transfer of ownership.

Miscellaneous Details

Reason For Selling:

Seeking liquidity and capital investor.

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