Business Overview:
This company is a manufacturer of digital printers that are sold to promotion products and advertising specialty firms, stationery retailers, photo album and book cover providers to name few that have specific printing needs. These printers are a digital solution for customers looking for alternatives to traditional product decorating methods. The printers serve a well defined market, are considered best in class and engender a great deal of customer loyalty. The company was founded by the current owners and has over 900 active accounts in 90 countries around the globe. Sales are conducted directly and through a network of dealers. Almost one-third of their revenues are derived from selling consumable products to printer owners creating a steady stream of recurring income. Much of their end-user base was hit by the pandemic, but sales are rebounding. This is a great opportunity for an individual with good business skills to own and operate their own business or a strategic buyer seeking to expand their presence in these markets.
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Property Features and Assets:
The company occupies 7,600 square feet of commercial grade office-warehouse-assembly space. Only about 40% of this space is currently used.
Market Competition and Expansion:
The company's products serve a market that is not well supported by the other niche printer manufacturers. The firm's products are also more versatile and accommodate greater levels of customization than printers from other firms and they offer the best value for the price. There are several large markets for the company's printers that remain underdeveloped. Focused marketing to these areas would bring returns many times over the cost of doing so.
Reason for Selling:
Owners wish to retire.
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.
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