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Businesses For Sale

Apparel Manufacturer - Contracts w/Universities - Seller Financing For Sale

THIS LISTING HAS SOLD!

Listing Agent:


Marcia Bowron

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Sold

Listing: # 8242

Price: $ 550,000

Location: North Houston

Listing Profile

Classification:

Manufacturing

Purchase Price: $550,000
Real Estate Price: $
Working Capital: $
Total Investment: $550,000
Down Payment Required: $275,000
Gross Revenue: $1703841
Discretionary Earnings: $242,147
Imputed Rent: $0
Total Cash Flow: $0

Description and Operations


Established Date: 1987
Monthly Rent: $3,844
Reason for Sale: Seller wants to pursue other project / business he has/
Employees(Full): 10
Employees(P/T): 4

Reason for Sale:
Seller wants to pursue other project / business he has/


Description:
This highly successful business, located north of Houston, provides quality promotional products for businesses, universities, organizations, events and individuals alike. Starting as a small shop in Texas, they now have the capacity to print 25,000 pieces a day. Everything they do is printed and designed in-house giving them the ability to meet strict deadlines and personally monitor excellence. Originally starting out as a graphics company in 1987, they added the screen-printing (60% of revenues), embroidery (35%) and engraving of promo items (5%) in 2007, which is where their focus has been ever since. The graphics business is still there and is being sold with the screen-printing business, bringing in an additional average revenue of $200K a year. These numbers are not included in P&Ls presented however. With more focus this graphics line has a lot of potential for growth yet. Very popular in the community, they have awarded several scholarships over the years and received numerous community awards. Contracts with 2 of the largest universities in Texas and licensed with 19 colleges/universities and 47 sororities and fraternities sets a new buyer up for immediate success! Employees know customers well and have good rapport/relationships which has provided them with a great reputation. This company is also an Adidas dealership with huge potential to sell into all the Adidas schools (K-12 and colleges) which they have not focused on. With COVID shutting down Universities this past year, 2020 financials were impacted. However, as kids go back to school in the fall, numbers should recover. Jan/Feb 2021 was equal with pre-Covid 2020. Seller is offering to finance 50% of selling price for qualified buyer. Revenues and Earnings summary presented are 2019 prior to COVID.

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