Asking Price: $145,000 Gross Revenue: $175,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $5,000 not included in asking priceFF&E: $80,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is an excellent opportunity for a growth oriented owner.
Business is mature with established client base that is pretty loyal, in the business to business category.
90% of clients are repeat customer, Average transaction is about $300, and gross margins are strong.
This center is an older format legacy center, but offers tremendous upside and is priced for value. Some modernization by the new owner is required under the franchise agreement. Upgrades required are approximately $55k .
Owner experience a heart attack 2.5 years ago and has had to slow down substantially and is wishes to retire. The owner is motivated to sell. The operating costs are very low and the center has a very attractive lease. For a go getter this opportunity offers the ability to generate a substantial ROI.
The current sales mix is about 93% in Embroidery and Screen Printing and about 7% in Promotional Products.
The typical sales mix should be balanced at about 25% in Embroidery, 25 % in T-shirts, 20% in Signs and Banners, 20% in Digital printing,10% in Promotional Products.
With a more balanced sales mix the gross margins would be about 10% higher and Net margins would be about 7% higher.
It would also increase customer loyalty and the new categories would bring new clients to the business as well.
The owner is motivated to sell, and is flexible and willing to entertain offers.
About the Business
Number of Employees:
Building Sq. Ft.:
$1,300.00 Per Month
1 -4 Head Embroidery Machine 1 Single Head Embroidery Machine 1 4 Station, 6 Color Screen press 1 exposure Unit 1 wash out sink 1 dryer 1 24" vinyl cutter and plotter 1 various supplies, threads used for production 3 computers $5000 worth of Samples and Inventory
NEW investment Includes: NEW lobby and showroom $10000 NEW 54" Wide format printer and cutter NEW Digital Printer NEW Document Services Binding/trimming accessories NEW Paint, carpeting in Showroom
Meriden CT is a 60k population community. There is some competition across each category in town, but no competitor offers all the products and services as we do. The brand works very well in smaller communities. This center historically produced strong earnings for the owner over of the years in excess of $100,000 annually.
Growth & Expansion:
Lots of upside here in this franchise opportunity. Currently only offering 3 of 5 categories and really only doing 2 of them. The other categories would be strong additions and would make a significant impact as they are much higher margin producing categories. The new categories would be something that allows you to sell more to existing loyal clients while also bringing in new customers. This opportunity is for a go getter and a busuiness builder that will get out of the store and talk to clients. Current owners market via repeat business.
5 weeks initial training, including 10 days Classroom in San Diego, CA 4 weeks of Operations training in Store or certified training center 15 weeks ongoing coaching and mentoring program + owner is willing to stay on for 30-45 days for transition and client introductions
Prior to heart attack, the business was generating $100k Free Cash to the owner
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 & Conditions.