AD SPECIALTIES, AWARDS, TROPHY RETAIL AND MFG
| Asking Price: | $850,000 | Inventory: | $85,000 ** |
| Gross Revenue: | $625,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $275,000 (comments below) | FF&E: | $300,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: strong after owner has "reingaged" | |||
| Cash Flow Comments: Pro forma new owner | |||
This very profitable and established 50 year old manufacturing and retailing firm is a full service awards and promotional products company. A “one stop shop”, it makes and profitably sells half a million dollars in engraved trophies, awards, and logo screenprinted or logo embroidered apparel; indeed virtually any kind of specifically marked ad specialty product that would identify appropriate recognition in a souvenir, sports or convention environment. There is a straightforward manufacturing process in a modern 6000 sqare foot factory with attractive retail space and over $ 300,000 worth or modern computer operated and supported equipment. The well-established company has a history of stable sales, a skileed and loyal non union staff, growth potential for a new owner, superior profitability, and is located in a world famous resort area that offers a variety of sports, recreational, cultural and congenial lifestyle activities. The owner's have taken out over $ 200,000 a year on sales that have averaged above $ 600,000 and are now headed upward since the owner has refocused on the business after a period of distraction. On a pro-forma basis, sales are seen at $ 625,000 and EBITDO targeted at $ 275,000, givning Return on Sales of over 40% and ROE from a $ 240,000 investment over 50%. Price is $ 850,000 including rental of the facility, and inventory is additonal. Lifestyle is superior in the four seasons vacation area.
About the Business
Year Established:1985
Employees:5 full time - 2 part time
Facilities:The 6000 square foot leased retail/factory building is modern and efficient, with a large high visibility retailing space, workroom space for trophy engraving and award production, screen making and printing, computer operated embroidery machines for logo production of apparel. It has ample warehouse space for materials and inventory. There are spacious administrative offices, and delivery van and trailer. The staff of six is highly productive, loyal and economic, with the ability to significantly increase output by overtime or added shifts space. Ample storage space and factory is subdivided into rational , computer supported cells. Rent is appropriate to the facility.
Market Outlook and Competition:Sellers are second-generation in this established company, and have enjoyed higher sales in the past when they bothered to range farther afield for business and exclusive clients. There is no regional competition. A new owner with energy and imagination can fulfill opportunities that exist, and not have to change the basics of the business – a well equipped, basic and profitable activity in a resort and sports locale. Current sales are from unique a no-competition location in the region, a busy website, a modest number of high volume clients amid a diversified trade, and repeat customers. A moderately mechanical buyer can readily learn the processes and grow sales and profits via new products, intensified marketing in existing customer relationships and skillfully applied enthusiasm. Owner is willing to consider a sales relationship.
About the Sale
Management Training and Support:Owner will support transiton fully and processes involved are very basic and straightforward. Will be staying in the area and may consider a limited marketing role while new owner becomes confident.
Reason For Selling:It's time.. after 3 decades in the business. Other family businesses have been sold off, children out of school and it is time to travel and visit.
Seller Financing:Will consider modest participation for a strong new owner.
KEYWORDS: awards, trophies, ad specialties, logo, apparel , embroiidery, sports prizes, banners, flags, plaques, screen printing, hats, beauty pagents, association mementos, tri-lakes of Adirondacks
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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