Busy Print Shop Ready to Evolve Fantastic Value

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Awesome Conversion Opportunity, good Cashlfow!
Asking Price:
$140,000

Gross Revenue:
$300,000
Cash Flow:
$55,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$8,000
included in asking price

FF&E:
$45,000
included in asking price

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Business Description

Locally owned Biz Card Printing Franchise for sale.
Busy, well run shop with nice margins and good cash flow (about 20% Net). Business requires a conversion and to be upgraded to an Instant Instant Imprints.
Mature business with a solid customer base.
Current product mix is primarily all digital based paper printing. Business features a high repeat client base, strong margins and good quality equipment.

Conversion to Instant Imprints will bring greatly expanded services to include: Wide Format and Signage, Embroidery, Custom T-shirts and Promotional Products. Conversion will require about $55-60k to upgrade and modernize the center. Much of which can be leased or financed thereby reducing initial cash outlay. An additional benefit of conversion would be reduced royalties for 2 years following conversion. Also most stores experience sales performance gains of 20-45% following conversion.

Today the business generates around $300k in revenues, and $60k in owner benefit and free cash flow after expenses.

The new owner has the option to renew the premises lease mid 2019 or to relocate to a larger premises. Current site is 1100 sq ft. 1400-1600 sq ft is preferred, but 1100 sq ft is very workable.

About the Business

Year Established:
2014
Number of Employees:
3
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,100
Lease Amount/Mo.:
$17.00
Lease Expiration:
6/30/2019
Facilities:
major assets include:
Dodge Van
Konica Bizhub C224e
Business Card Cutter/slitter
ROHS vinyl plotter
corner rounders, grommet machine
laminator
Paper Jogger
Electric Binding and coiling machine and inventory
Electric Guillotine Paper cutter Ideal 4850
Paper and vinyl inventory

Upgrades to include:
Brother Garment T-shirt printer
Roland Wide format printer/cutter
Happy Embroidery machine
New showroom furniture
Fresh carpet, paint and tiles
New fascia signage for the business
Website:
www.instantimprints.com/franchise
Market Outlook/
Competition:
There is a large and competitive industry, but margins are very strong, and our customers repeat like crazy.
Competition in the market includes: Big Frog Custom T's, 3-4 independent embroidery shops in Palm Coast/St. Augustine, 4 screen printers in Palm Coast, 3-5 sign shops in palm coast, PIP and 3 independent digital printers. However none offer the production capacity in house that Instant Imprints does. The in house production allows for higher margin capture, better quality and improved timeline delivery.
Growth & Expansion:
This is a healthy business, it needs and owner that wants to grow and is willing to market and promote. Current owners, do not market, and rely on word of mouth, they don't network and are referral based. There is lots of opportunity for someone that will get out of the shop and be a rainmaker for the brand.
Other Biz Cards that have converted have seen results improve from 20-40%. This center performs better than any of the other centers that did convert at that time. It's a really terrific value and the owners are motivated to sell
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About the Sale

Reason For Selling:
Owners want to move on to different things
Training/Support:
5 weeks of initial training, including business development, management, marketing and operations.
+10 days of classroom training
+15 weeks of FAST START mentoring and coaching
Quarterly financial reviews with AREA franchisee/Regional Director.
Current owners are flexible to help with transistion for 30 days post closing
Seller Financing:
Owners are not the most efficient with time and use of $$.

Listing Info

ID:
1419949
Ad Detail Views:
1

Attached Files Attachment Disclaimer

  Palm Coast Feature Sheet (795 KB)
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Business Listed by
Christian Collucci

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