35+ Year Old Promotional Products and Wearables business

Asking Price$205,000

Cash Flow

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

800,000 productsSave

35+ Year Old Promotional Products and Wearables business


Asking Price$205,000

Cash Flow

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Home or office based business with many long time clients
Business Description
Home or Office Based Business Opportunity
Established local promotional products/ logo'd apparel business for sale. Enjoyable business with numerous long-time customers. We have many local customers throughout Lake County/suburban Chicago and southeast Wisconsin, plus military accounts and other businesses in other parts of the country. After 35 years, the founder/owner is looking to retire, but would like to stay with the company to train new owners (if needed), ensure a smooth transition for clients, and continue to do sales for the new owner/work with clients. I don't necessarily want out of the business, but it's time for someone else to run the business and to build something for themselves and their family.
The company has mostly been a one-person business, but there is an opportunity to bring on employees/salespeople, expand on-line selling opportunities and expand into other market opportunities if you wish to grow the business to a larger scale locally or nationally. The company would also work well as a family business. We currently belong to three active local Chambers of Commerce and are well known in the communities we serve and the industry associations we belong to. Through our affiliations, we are able to attend large trade shows throughout the country, including Las Vegas and Chicago. We attend several smaller trade shows; plus we participate in one of the premier end-user shows in the nation in suburban Chicago.
The current owner is willing, and would like, to stay and train the new owner (only if needed and desired) about the industry, on skills including selling to and dealing with clients, requesting payments and referrals, following up on orders, and making sure the customer is properly taken care of. The current owner is known for these skills and has won awards for them. Current owner is past member of the Executive Board of Directors of the local promotional products association.

If you want to own your own business that you can work at and grow, become a respected and trusted expert in the industry, this is the business for you.
If you enjoy working with people and like the idea of helping companies grow their businesses (while you're growing your own), and if you're looking for a fun, full time career where you can kind of set your own working hours, help the community, have the flexibility to work from home, or have an office with a showroom, this is the business for you.

On the other hand, if you're looking for a business that runs itself, and you don't have to work at and just wait for the orders to roll in with now effort of your part----you might want to keep looking.
About the Business
Years in Operation
35
Currently Relocatable
Yes
Facilities & Assets
Currently home based, but previously had office with show rooms. Includes customer list and history, computer, desk, file cabinets, samples, etc... (Home Based)
Market Outlook / Competition
Market is currently very busy and profitable, as company is well known in the area, and with the current customer base that is not local, we stay very busy. Competition is primarily on-line companies that don't provide the service and personal touch that current owner does.
Opportunities for Growth
Great growth opportunities. Current owner does not speak Spanish--there are a large number of area Hispanic businesses. There is a good opportunity to update the company's technology with regard to electronic and social marketing. We have the ability to access many closeout products, which we have the ability to market on line under a separate business name. In an effort to take advantage of the eco-friendly market, we have a "back-burner" program that is designed to create more visibility for the company. These opportunities have been designed, but time is needed to launch these aspects of the business.
About the Sale
Seller Motivation
After 35+ years, it's time for someone else to take charge, and I want to help.
Transition Support
Owner is willing to stay on as an employee to provide all training and support, smooth customer transition, introductions, networking, etc...
Financing Options
No seller financing or earn outs--straight purchase deal
Listing Info
ID
2530778
Listing Views

Listing ID: 2530778 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. See our full Terms of Use. Learn how to avoid scams.


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