MergerPlace

Established Commercial Embroidery

Washington (King)


  • Asking Price: $225,000
  • Gross Income: $320,025
  • Cash Flow: $89,029
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $50,000
  • Listing ID: #216830
  • Established: 1975
  • Employees: 1 PT

Business Description

A family-owned business specializing in embroidery, screen printing and patchwork on a wide variety of clothing and accessories. The premier embroidery/screen printer on Puget Sound’s Eastside, the business places company, corporate, team and personal logos on items including leisurewear, uniforms and corporate wear. The business serves both large companies and individuals and has strong return clientele. With great market presence and strong cash flow, the business is poised for growth.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Washington
County: King

Company Information

Year Established: 1975
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 PT

Financial Information

Asking Price: $225,000
Gross Revenue: $320,025
Cash Flow: $89,029
FF&E: $50,000
Inventory: $20,000
Seller Financing Available: No

Property Information

Facilities:

Operating in the same location since 1991, the business is housed in a light Industrial commercial space maintaining a showroom with a large selection of top of the line outerwear, uniforms, golf shirts and accessories. The majority of the space is in the back of the shop where production takes place. There is 2,400 sq ft with a lease rate of $2,541.80/month with lease term until April 2022. The Greater Puget Sound (GPS) region is a perfect location for an embroider/screen printing business. With over 97,000 businesses in the GPS, over 250 schools in the immediate area’s school districts, and countless recreational teams, organizations and events, there are many ideal clients. Meeting with schools, recreational league leaders, large event organizers and business leaders will be a key activity for business development.

Growth & expansion opportunities:

Driving growth will come through additional outside sales by connecting with businesses, schools, special interest groups and other community leaders to establish new customers and grow the referral network.

Competition:

A leading Pacific Northwest Company in an $8.5 billion industry. Poised for growth as personal and business income rise. There is local competition from other companies and e-commerce sites but the company has maintained and grown the business through outstanding customer service, excellent quality of work, and a strong reputation dating back almost 40 years. Over the last five years, falling unemployment and rising per capita disposable income have stimulated modest growth in the Commercial Embroidery Services industry. Additionally, demand from downstream buyers, which include the administrative and hospitality sectors, has increased. While the decade-long trend of large multifunctional apparel companies integrating embellishment processes into their operations poses a threat to this industry, stable underlying demand from commercial buyers who need to provide embroidered uniforms to an increasing number of employees has sustained industry revenue growth. Industry revenue is anticipated to increase at an annualized rate of 0.2% to $1.1 billion during the current period.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost. With a focus on three services: embroidery, screen printing and patchwork, the company can transform any polo, tee-shirt, jacket, hat, towel, or any cloth item, into a professional statement. Taking clients through the full design process from logo creation, styling and fabric selection ensures the highest level of satisfaction for each job. Maintaining a showroom in the front of the building with high end cloth and clothing options allows customers to see, feel and visualize their finished product. Business management skills such as bookkeeping, payroll, marketing and social media, as well as an outgoing personality and good customer service skills would be needed. A knowledge of fabrics, color harmony, graphic design and basic mechanical equipment maintenance in the garment embroidery/screen printing industry would be a plus. Current owner will stay on for 30 days to train on the equipment and industry knowledge required. Woodinville and Washington Business Licenses would be required.

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Business Listed By:

Claudia Smith

Murphy Business Brokers