1309-12705 NC Triad Screen Printing & Embroidering Company
Undisclosed Address, North Carolina
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|Name of Establishment:
||Murphy Business & Financial Corp
|Year Business Established:
|Cash Flow Type:
||Sellers Discretionary Earnings
Overview / Comments
Custom screen printing and embroidering shop. Founded in 2003 and purchased by current owners in 2008. 2015 saw a jump in revenues as "Swag" budgets for organizations began to rebound. One facility, approximately 1,600 square feet. Currently operating at roughly 60% of capacity. Customer-driven and client-focused attitude has created a very large customer base. Customer-driven and client-focused attitude has created a very broad customer base – whereby the top ten customers represent less than 25% of revenues.
||Other Business Services
|Reason for Selling:
||Health / Retirement. The owners (a married couple) have owned and operated this popular screen printing / embroidering company for over eight years. One spouse and one child have recently endured serious health issues. Additionally, they are on the verge of being empty-nesters and it is time for them to fly as well. It has always been the owners' plan to sell the business when their children graduated.
|Value of Inventory Included ($):
|Value of Furniture, Fixtures, and Equipment ($):
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|Value of Real Estate Included ($):
||1 FT/ 3 PT
|Mgmt/Training Support Description:
||Will train for 4 weeks @ no cost. There are no special licenses required to be in this business. Learning to operate the machinery will be critical. An artistic eye is a benefit. Good people skills are requisite. The ability to become familiar with Adobe Suite, primarily Illustrator and Photoshop and Vector Art is a must in this industry. It is a big benefit to belong to ASI trade association (Advertising Specialty Institute).
||Implementation of a Sales and Marketing plan could add significant growth (including social media, mailers, old-fashioned cold calling, and networking). Additional Product Lines - promotional items (pens, caps, trinkets of all kinds), signage, vinyl products, becoming a local presence for some of the national players if possible, become certified MBE, WBE or DBE (minority, women or disabled business enterprise).
|Seller Financing Description:
||$115k Down/ $20k for 24 mos. @ 10%.
Seller financing - subordinate to any primary financing; open to interest only for two years, payoff in subsequent two years.
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