Promotional Products Company
TennesseeListing DetailsOffice ID: PROMO1
Listing Broker: Michael Fekkes, CBI, CEPA
Listing Price: $660,162
Gross Revenue: $1,221,000
Cash Flow: $220,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Financing/Terms:The Business is pre-approved for SBA Financing. Note: Inventory listed is owned by clients and not by Company.
Reason for Sale:Retirement
Training:Seller will provide 4 weeks of transition support.
OperationsYear Established: 1994
Form of Ownership: S Corp
Employees (full-time): 3
Business Hours: M-F 8am-5pm
Business Description:The Company is involved in the sale of specialty promotional products for niche collegiate organizations in addition to professional associations. As a full line distributor, the Company sources product, captures, processes, and fulfills orders, warehouses merchandise, and drop ships directly to the customer. Through a proprietary online store, clients gain access to over 1,000,000 different stock or customized products and services. The Company services a national footprint of customers. Products ordered online are processed and shipped from the Company’s Tennessee warehouse.
Historical Summary:The Company was initially formed in 1994 becoming a Tennessee Subchapter S Corporation in 1999. The Company had its roots with a leading Franchisor of print and promotional products but the Franchise Contract ended in 2009. Since that time, the Company has flourished serving a unique customer segment. The Company has formed strong relationships with its clients by establishing and maintaining customer web portals for the sale of client branded promotional merchandize.
Owner Qualifications:A technical or mechanical background is not required or a prerequisite to be a successful steward of this business. The new owner should possess sales skills and have the appropriate qualifications and understanding of actively managing all facets of business operations.
Competition:While the business is not without competition, the unique niche that the Company serves as well as the methods used to build and bill for merchandise create a supplier/client relationship that would be challenging for any competitor to penetrate.
Potential Growth:A new owner who has the interest and passion to grow the business and take it to the next level will find this a compelling and a one of a kind opportunity. There are a number of specific methods to grow and expand this business. These will be discussed in detail with qualified buyers.
LocationType of Location: Commercial Center
Real Estate for Sale: Yes
Lease Expires: Dec 15, 2015
Option: 2 Year
Monthly Rent: $2,200
Square Footage: 5400
Warehouse and offices are located in an industrial park with easy access and adequate parking.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Sep 10, 2014 / 4:59 PM