Price Reduced Well Established, Profitable Trophy and Awards Business
Business Listed by Karen ChristensenTransworld Business Advisors-IrvineLicense: 01877837View All of My Listings
Solid business with a proven 40+ year track record â€“ even through the recent challenging economy â€“ and in the same location for 30 years. Sales increased by 11% from 2010 to 2011 and have continued to increase in 2012. Local competitor recently closed due to health reasons and has referred its customers to this business â€“ potentially generating an additional $80,000 in revenue and $20,000 net income. The trophy/awards business is a combination of retail and light manufacturing. This business has grown in recent years by investing in internet advertising, upgrading the website and expanding into wholesale distribution channel. The companyâ€™s capabilities include sublimation, laser and rotary engraving, sand blasting and screen printing for glass, metal and fabric. State of the art equipment offers a competitive advantage. The business is located in a 4,700 square foot facility with very favorable lease terms from a local landlord. The space includes multiple showrooms with extensive displays, large manufacturing and production facilities and offices. Ideal buyer is a husband/wife or family team that wants to run a hands-on business. Experience in the industry is not required; current owner will train.
About the Business
Number of Employees:
Corner unit in a retail/commercial complex with great signage. The unit is approximately 4,700 square feet and the current rent is $3,000 per month (a very favorable rate of $0.64 per square foot). The current lease expires in June 2014 and is assumable. The landlord is local and easy to work with.
Additional online marketing with enhanced SEO could increase sales. Direct marketing to local businesses, cities, schools and sport leagues would also be a plus. This is a light manufacturing business that is difficult to move overseas because it is not high volume. Most retail customers want to look at display items prior to placing an order and the internet business tends toward smaller, specialty orders that cannot be cost effectively produced and shipped from overseas. This business has an advantage over many local competitors because the owner has continually upgraded the equipment and introduced the latest techniques.
About the Sale
Reason For Selling:
Four weeks @ 20 hours per week