Embroidery & Screen Printing Business
| Asking Price: | $1,277,900 |
| Gross Revenue: | $1,025,000 |
| FF&E: | $65,000 |
| Established Year: | 1994 |
| Cash Flow: | $200,000 |
| Inventory: | $15,000 |
| Real Estate: | $898,000 |
Business was started in 1994 and specializes in custom embroidery and screen printing for industrial businesses as well as casual wear for businesses and corporations. With in-house equipment for both embroidery and screen printing, the business is able to service a diverse customer base including medical, schools, sports teams and government agencies.
The business's financial performance has been steady over the past three years and is projected for 2024 to have its best year yet! The owners feel this is a result of better pricing models, less work with government agencies that demand low prices which results in low margin jobs, and keeping other expenses under control. The business has five full-time and three part-time employees including a store/front desk manager, screen print manager, artwork/graphics, receiving and a screen print assistance. The main owner works in the business full time while the other works around 10 hours/week doing bookkeeping, AR/AP and payroll.
The sellers feel that a buyer could expand the business in five ways: hire an outside sales person or team; join the Advertising Specialty Institute (ASI) which would expand the business into the promotional category; develop a website (one does not currently exist); actively promote the business on social media and newsletter which isn't currently done.
This is a great business for another company in a similar category and looking to diversify, or an entrepreneur with sales, marketing and business ownership experience.
Pre-Approved for SBA Financing!
