TYPE OF BUSINESS: This business has been the region’s leader in promotional products for over 60 years. The company offers awards, plaques, trophies, engraving, ribbons, clocks, signage, business gifts, name plates and other promotional products that are custom designed and produced in-house. They have an impressive customer list throughout the United States with many of them as repeat customers. Their customers include sport teams, corporate accounts, school organizations, medical professionals, government agencies to name a few.
Hours are Monday – Friday 8:30 a.m. to 5:30 p.m., Sat.10:00 a.m. to noon, closed on Sun.
FACILITY: This business operates out of an 8,000 sq. ft. space that includes a beautiful showroom, offices and production area. Business could operate out of a smaller space. Seller owns the building; the space can be leased, or building can be purchased.
EMPLOYEES: Owner works the business full-time with 3 other full-time and 1 part-time employees.
GROSS SALES: 2017 sales were $730,000, with a cash flow of approx. $144,800. 2016 sales were $673,300 and the cash flow was approx. $135,000.
SALES PRICE: The seller is asking $430,000 for the business which includes furniture, fixtures and equipment valued at about $35,000. Inventory is not included valued approx. $9,000.
REASON FOR SALE: Retirement.