NOT DISCLOSED, Virginia
| Asking Price |
$579,000 |
Year Established |
1988 |
|
| Annual Revenue |
$758,429 |
Reason for Selling |
Owners are retiring. |
|
| Annual P/L |
$0 |
Attention |
Michael Metzger |
|
| Annual Cash Flow |
$183,654 |
Listing Number |
1008159 |
|
| # of Employees |
5 |
Business Category |
Retail: Clothing & Accessories |
|
Business Overview:
For almost 40 years, this independent,locally owned company has worked with local businesses to create custom embroidered clothing, screen printing, and promotional materials to help grow their brand. A modern, state-of-the-art embroidery machine allows them to create detailed images on shirts, hats, towels and bags. Their intense focus on customer service has created a loyal base of return customers. The mix of business varies over time but is currently:
- 50% embroidery
- 25% screen print
- 25% promotional products
This non-contract embroidery shop has enjoyed steady growth in sales and earnings year over year. This is an excellent opportunity for a new owner, or an existing shop, to tap into a profitable, turnkey operation!
Property Features and Assets:
<p>This business is operated from an easily accessible 1,100 SF facility. Currently on a yearly lease, but anticipate landlord willing to issue new lease with longer term.<br></p><p>Assets = $42,409 </p>
Market Competition and Expansion:
<p>While much custom embroidery has been shipped overseas and there is no shortage of online promotional companies, this company specializes in high-quality custom work for local small and mid-sized businesses. There are other local competitors, but few can provide the same quality services at a competitive price.<br></p><p>Additional growth could be achieved with a second shift and/or additional embroiderers, and by increasing the sales force.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity