Manufacturer of Officially Licensed Wall Decor & Novelty Items

MA (Relocatable)

Manufacturer of Officially Licensed Wall Decor & Novelty Items

Asking Price:N/A

Cash Flow:$80,586

Gross Revenue:$1,267,734

EBITDA:N/A

FF&E:$18,864

Inventory:$351,340

Lease Rate/Sq. Ft.:N/A

Established:2003

Manufacturer of Officially Licensed Wall Decor & Novelty Items

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Business Description

The company is the manufacturer & importer of officially licensed products falling primarily in the home décor category. Its domestically made and assembled canvas and framed wall art typically feature historic artifacts which are combined with creative and original art elements creating unique products that consumers embrace and cherish. The company also leverages art on a handful of simple but well designed imported novelty items. Many of their items can be personalized or customized.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,862
Lease Expiration:
5/31/2019
Employees:
7 FT/6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company moved in 2016 to a 6,000 square foot location which is very well-suited for operations, manufacturing, storage and shipping. The lease is up for renewal in June of 2019 and access to 15 parking spaces is included.
Competition:
There are a handful of direct national competitors in licensing, framed products, and wall art. Indirect competition comes for local picture frame stores.
Growth & Expansion:
Business can easily double and grow exponentially through obtaining a key additional license. There is a nice opportunity to build a significant sales team. Acquiring additional domestic and international sports and entertainment licenses are options for expansion. Further significant gains can be made by launching product lines that the company has the right to but has not had the time to fully develop. Bottom line can be further increased by improving supply chain and manufacturing economies of scale.
Support & Training:
Will train for 4 weeks @ no cost. No licenses are required to operate the business although license agreements with the MLB, MLB Players Association, National Baseball Hall of Fame, the NBA, the NHL, and the NCAA are crucial to revenue. The current owner oversees new product development, marketing and sales.
Reason for Selling:
Believes the best path for significant growth is through a strategic acquisition

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Chris Bond

Business Listed By:
Chris Bond

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).


Sponsoring Broker:
Murphy Business

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