Business For Sale

High Cash Flowing Business to Business Opportunity

Not Disclosed, MI
Wayne County

Detroit Metro Area


Asking Price: Annual Revenue:
$295,000 $660,000

Services: Advertising & Marketing


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RE: High Cash Flowing Business to Business Opportunity Broker: Steve Kandt

Quick Facts

Asking Price: $295,000
Annual Revenue: $660,000
Net Profit: Not Disclosed
Cash Flow: $128,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: 4
BBN Listing #: 459531216
Broker Reference #: SK1022019

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Business Overview:

It has been a great 24-year run for this successful multifaceted business which specializes in retail awards, engraving & promotional products, but it is now time for the original owner to transition the company to only its second owner-operator.

The business has numerous revenue streams: plaques (21.5% of sales); trophies (13% of sales); promotional products (7%); medallions (6%); acrylic awards (7.1%); engraved plates (4%); name badges (6%) with several other categories comprising another 35% of sales. And all this with only three full-time and one part-time employee to help the seller.

Operating out of a leased 2,150 square feet building (1,250 square feet in retail space, 900 square feet in storage space) on a well-traveled road in a desirable community in SE Michigan, the company enjoys a very favorable $2,150 monthly rent, which is only 3.0% of 2018 revenues. This is primarily a “b to b” business, with corporate customers, charities, and schools accounting for nearly 80% of revenues. Customer concentration isn’t a factor, with the top customer for the past 3 years accounting for 12% of sales. Online sales account for 16% of revenues while retail sales through the store account for less than 12% of revenues.

Competition is scarce, with only two other shops within a 20-mile radius that compete in some of the products offered. There is no single true competitor.

The business, which averaged nearly $660,000 of revenues during the past five years, is being offered for $295,000 which is an attractive 2.3x the average annual $128,000 SDE (seller’s discretionary earnings – the historical cash flow available to pay an owner-operator and service debt), recorded over the same three-year period. The seller is contemplating an asset sale which has the seller retaining cash and A/R, while retiring all liabilities. The listing price includes all equipment and inventory. A seller note will be available to a qualified buyer, and the seller will offer extended training to suit the buyer’s needs.

For more information on this attractive and successful business opportunity, please contact Steve Kandt.

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Property Features and Assets:

2,150 square feet facility on a well-traveled road in a desirable suburban community.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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