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. Corporate and business clients account for approximately 85% of total sales.
Hours are Monday – Friday 9:00 a.m. to 6:00 Closed Sat and Sun.
FACILITY: This business operates out of a 3,000 sq. ft. retail space that includes a beautiful showroom and production area. The lease is $4,900 per month which includes all utilities. A new lease can be negotiated March 2014.
EMPLOYEES: Owner works the business full-time with 4 other full-time and 2 part-time employees.
GROSS SALES: 2013 sales are tracking to be approx. $1,050,000, with a cash flow of approx. $175,000. 2012 sales were $971,028 and the cash flow was approx. $134,000. 2011 sales were $881,653 and the cash flow was approx. $133,000
SALES PRICE: The seller is asking $595,000 for the business which includes furniture, fixtures and equipment valued at about $150,000 and Inventory about $1,000.
REASON FOR SALE: Moving.
IMPORTANT NOTICE: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7778 b.k.