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.