Awards, Trophies, Ad Specialties MFG & Retail
| Asking Price: | $850,000 | Inventory: | $85,000 ** |
| Gross Revenue: | $485,000 | Real Estate: | n/a |
| Cash Flow: | $233,000 | FF&E: | $300,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
AWARDS, TROPHIES and AD SPECIALTIES MANUFACTURING AND RETAIL is sited in Upstate New York in famous resort community with heavy all-seasons lifestyle attributes. Business has no real regional competition and enjoys affiliations with large associations and pageants. Rented 6,000 square foot factory has high visibility retail on main road and fully equipped workspace – mostly computer supported – for trophy and award engraving, embroidery and screen-printing for apparel and attractive offices. Experienced non-union staff is stable and flexible. Extraordinary owner take-out EBIDO of $ 00,000 on slow last F/Y sales of $ 608,000 when owner diverted to other activities. Offered at $ 725,000 plus inventory ($ 85,000) to someone with down payment and w/c capability of $ 200,000. Seller will consider limited sales role and support transition and training.
About the Business
Year Established:1985
Employees:5 full time - 2 part time
Facilities:: The 6,000 square foot wood frame rented building fronts on a busy NYS road. There is high visibility trophy and award retail on a main road, work space and full equipment –computer controlled in the most part -for trophy and award engraving, embroidery and screen printing equipment for apparel, and attractive offices. Employees are non-union, loyal and flexible.
Market Outlook and Competition:There is little real competition for miles around! This is the only trophy and awards manufacturer/ seller in the upstate NY area, from Lake Champlain to St. Lawrence to Lake Ontario. Company has strong affiliation with local extensive sports and event community and a large membership association, pageants, etc. Real expansion possibilities due past record of sales when owner was not diverted, a large customer base and many repeaters. No real competition in region and underutilized facility really calls for resurgence of sales activity to associations and nearby regional event sponsors.
About the Sale
Management Training and Support:Seller is staying in area and will assist in training and turnover of straightforward turnkey business. May consider a limited sales role.
Reason For Selling:After 3 decades in family business, owner’s are selling down in anticipation of retirement and some family travel.
Seller Financing:Cash, but consideration of a creditworthy purchaser for some seller support.
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