SOLD!! Embroidery, Apparel and customized Promotional Products.

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TYPE OF BUSINESS:  Very Profitable Embroidery, Apparel and customized Promotional Products business located in a very desirable area. The business offers the customer a “one-stop-shop” concept where they can choose their product and try on various items. They have an impressive customer list with many of them as repeat customers.  Their customers include sport teams, corporate accounts, school organizations, medical professionals and government agencies. Sales are broken down to this: 80% embroidery, 15% screening and 5% promotional products. One of the sellers is willing to stay on as an employee for a period of time.

Hours are Monday – Friday 9:00 a.m. to 5:00 Closed Sat and Sun.

This is not a franchise.

 

FACILITY: This business operates out of a 1,800 sq. ft. office space that includes a beautiful showroom and production area. The lease is $2,000 per month which includes all utilities. Lease expires in November of 2019 with an option to renew.

 

EMPLOYEES: Both owners work the business full-time.

 

GROSS SALES: 2016 sales were $260,049, with a cash flow to an owner operator was approx. $65,072. 2015 sales were $260,757, with a cash flow to an owner operator of approx. $70,000. (1/2 of owner’s salary). 2014 sales were $230,800 and the cash flow to an owner operator was approx. $49,000 (1/2 of owner’s salary). 2016 sales are 15% over 2015 through June. By using only 1/2 of owner’s salary will allow a new owner to hire help.

 

SALES PRICE: The sellers are asking $199,000 for the business which includes furniture, fixtures and equipment valued at about $127,000 and Inventory about $1,500.

 

REASON FOR SALE: Retiring.

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Bill Kraemer

About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to indentify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 26 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 26 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.