MergerPlace

Embroidery & Screen-Printing Business

Eastern, North Carolina


  • Asking Price: $223,000
  • Gross Income: $360,000
  • Cash Flow: $96,000
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $55,000
  • Listing ID: #220972
  • Established: 2000
  • Employees: 3

Business Description

Long established Embroidery & Screen Printing business located in a fast-growing region in Eastern NC.

The business has over 200 active accounts, lots of repeat customers, walk in traffic, and a great reputation with nearby schools, military bases, local businesses, and community organizations.

Key success factors are the showroom showcasing apparel to choose from, and the flexibility to delivery high quality no matter what order size. Company also carries a full line of promotional products

Despite Covid (large events that used to get their shirts printed were cancelled), and mandated closure, the business had very little impact on their sales.

2019: Sales $346,000 - SDE $96,000
2020 Jan-Nov: $310,000 - SDE $89,000


Business Details

Primary Business Category: Retail Trade - Clothing
Location: North Carolina
Metropolitan Area: Eastern

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $223,000
Gross Revenue: $360,000
Cash Flow: $96,000
FF&E: $55,000
Inventory: $8,000
Seller Financing Available: No

Property Information

Facilities:

Tajima 6-head embroidery machine, Riley Hopkins 4/6 Screen Printer, Anajet MP5I DTGH, 2 Heat Presses, various office equipment and inventory included in the sale price. Assets are well maintained and in good condition. The dollar amount listed is estimated fair market value amd is included in the asking price.

Growth & expansion opportunities:

The premises provide ample space for additional equipment for expansion. The current owner does not capitalize on social media and area marketing.

Competition:

The business is located in a fast-growing community. Only a couple of competing businesses offering similar services are located within 15 min drive.

Reason for selling:

Retirement

Support & Training:

The current owner is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners

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Business Listed By:

Regina Fisher

Bristol Group