New Haven County, CT Sign Manufacturers and Businesses For Sale

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2Established Embroidery and Promo Business forVisual Communications Franchise, Owner Retiring
$145,000
Established Embroidery and Promo Business forVisual Communications Franchise, Owner Retiring

Meriden, CT

This is an excellent opportunity for a growth oriented owner. Business is mature with established client base that is pretty loyal, in the business to business category. 90% of clients are repeat customer, Average transaction is about $300, and gross margins are strong. This center is an older format legacy center, but offers tremendous upside and is priced for value. Some modernization by the new owner is required under the franchise agreement. Upgrades required are approximately $55k . Owner experience a heart attack 2.5 years ago and has had to slow down substantially and is wishes to retire. The owner is motivated to sell. The operating costs are very low and the center has a very attractive lease. For a go getter this opportunity offers the ability to generate a substantial ROI. The current sales mix is about 93% in Embroidery and Screen Printing and about 7% in Promotional Products. The typical sales mix should be balanced at about 25% in Embroidery, 25 % in T-shirts, 20% in Signs and Banners, 20% in Digital printing,10% in Promotional Products. With a more balanced sales mix the gross margins would be about 10% higher and Net margins would be about 7% higher. It would also increase customer loyalty and the new categories would bring new clients to the business as well. The owner is motivated to sell, and is flexible and willing to entertain offers.


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