Business Overview:
This business is currently part of a promotional products distributor who does their silk screening and embroidery in house. The silk screening and embroidery business is what is being sold (Not The Promotional Products Distributor Portion). The primary owner of the business is involved with the sales and marketing of the promotional items and the retiring partner was the key person involved with the silk screen and embroidery department. Therefore, the primary partner is looking to sell that part of the business. Her intention is to outsource her silk screening and embroidery needs to the new owner. She is also willing to pass on the customers that are purchasing clothing from her and want it decorated with their name, logo, etc. This is an excellent opportunity for an existing silk screen and/or embroidery business to expand their customer base and increase their revenue through acquisition of this business.
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Property Features and Assets:
The business is currently located in a small business strip center and ideally the new buyer would incorporate the equipment and materials into their existing location, however it may be a possibility for the seller to consider allowing the new owner to pay rent and operate out of the existing business location.
Assets = $82,000
Market Competition and Expansion:
The business is a relationship business and the current owner plans to introduce the new owner to the key customers to make a smooth transition for the new owner and the customer base as well. Existing customers have been loyal for years and although there are some other choices for customers to have silk screening and embroidery work done, they are limited and once customers are happy with the service and quality of work they typically remain as customers unless given a reason to change their source for these services. The current owner will be referring customers from her promotional products business to the buyer for embroidery or silk-screening. The promotional products business will continue to operate but will not be doing in-house embroidery or screen printing.
This business certainly has a lot of potential for growth. Of course advertising could be instrumental in growing the customer base. However, another idea for significant growth would be doing contract embroidery for other promotional products distributors.
Reason for Selling:
Partner Retiring.
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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