$150K For Contract Embroidery Business Avg'g Over $100K Net!

Tulsa, OK (Tulsa County) (Relocatable)

Seller Financing Available
$150K For Contract Embroidery Business Avg'g Over $100K Net!
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Asking Price: $150,000

Cash Flow: $140,000

Gross Revenue: $250,000

EBITDA: $110,000

FF&E: $60,000

Inventory: $7,500

Rent: $1,100 /Month

Established: 1992

$150K For Contract Embroidery Business Avg'g Over $100K Net!

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Business Description

$150K For Contract Embroidery Business for sale with $100K+(3yr avg) in net earn

Lucrative Contract Embroidery Business for sale with $100K+(3yr avg) in net earnings! This 36-year old company provides contract embroidery services to some of the largest ad specialty and corporate customers in the country. Business has a Lead Embroiderer with 2 other seasoned employees(30+ yrs combined experience) for 3FT employees with very low operating costs and a recognized regional market leader. The company has had more than 30% growth over the last 10 years! With economy on the rise 3-5% annual growth over the next several years expected. The company is in a very strong position to continue to grow due to the growth of several key existing customers. There are also strong opportunities to develop new business with a website and social media marketing programs. The turnkey business is only a few miles from major highways and highway arteries in a 1 million+ metro area. Low cost of living, minimal competition and existing labor force make the location very attractive. The owner will provide extensive training and support during the 30 day transition. The business is priced at $150,000(less than 2X multiple) including over $60K in equipment and inventory! 10% down SBA financing avail today!!! 2100 sq ft Bldg./Ofc. Lease at $1100 mnth. Please call Jay Shrewder today for more information before this one gets away!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
2/12/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2100 sq ft building in established commercial and retail center. Extra office being used for storage. Currently month-to-month lease .
Competition:
Some competition but established customer base consistent for last 10+ years.
Growth & Expansion:
Several ops to grow including joining ASI trade association, website development and an ad/marketing campaign.
Financing:
20%
Support & Training:
Owner will provide 30 days transition training and consult at agreed to hourly rate beyond that.
Reason for Selling:
retirement
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Jay Shrewder

Business Listed By:
Jay Shrewder

Global Business Brokers LLC

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