|Specialty Commercial Printer|
Listing DetailsStatus: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $1,275,000
Gross Revenue: $798,032
Cash Flow: $426,824
Inventory Included: No
FF&E Included: Yes
Sales Structure: Asset Sale
Financing/Terms:Seller will consider an appropriate amount of seller financing (less than $225,000) commensurate with total deal sheet terms.
Reason for Sale:No line of management succession
Training:Seller will make himself available for adequate transition assistance pursuant to reasonable contractor agreement.
OperationsYear Established: 0
Business Hours: M-F 9-5 with flexible 40 hour week
Business Description:Subcontractor for printed and woven labels to firms whose prime contracts are for the production of clothing, equipage and tentage with entities of the federal government of the United States and several foreign nations. Less than 10% of gross is non-military related.
Historical Summary:Formed in 1888 (yes, 1888) this family owned business since inception has provided high quality printing and related services. Located in North Carolina for 22 years focused primarily on specialty printing since 1963.
Owner Qualifications:Telephone and email skills/selling
Competition:Competitor based in Mid-West which is slightly smaller in size. Has taken some clients based on price. Some of those are starting to return for quality reasons.
Potential Growth:Owner estimates potential for 20% increase in gross sales in year 1 from selling further into existing client base and year 2 by addition of fire retardant market. Further growth and profitability potential in wholesaling consumables to print on demand/custom print market.
LocationReal Estate for Sale: Yes
Option: no lease
Monthly Rent: $5,000
Square Footage: 5000
Business is operated from a building owned by a related party and is not for sale. Current facility is approximately 10,000 feet. This business requires approximately 5,000 feet.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM