Highlights of Business
- 2022 sales are up 84% over same period in 2021
- Business is operated with just a handful of employees besides the owner
- Easy to operate business that is 50 years old
- Very high percentage repeat business
- Immediate profitability – take over one day, be profitable the next
- Seller will train
- SBA financing available, which means lower down payment requirements and longer terms
- Business not open evenings or weekends
- Seller will sign a non-compete agreement
- 4.9 out of 5 on Google reviews and 5 out of 5 on Facebook reviews
History of Business
The business began about 50 years ago and was purchased by the current owners over 10 years ago. The business offers a wide variety of printing and copying services in color and black/white. A very high percentage of the business is from repeat customers. The current owner has been in the printing business for nearly 50 years and is ready to retire.
Sales Price
Sales price of the business was determined by the seller based on the Broker’s Opinion of Value for the business, which was prepared based on the 2019-2021 financial results of the business, and which resulted in a valuation of $207,000. The seller is anxious to retire this year and determined that a sales price of $150,000 would meet his needs and encourage a quicker sale.
Financing
This business qualifies for SBA financing, since it has good books and records, and is priced far below its valuation.
Down payment for the business would be approximately $16,560.
A local SBA lender who is very active and proficient in SBA loans has issued a pre-qualification letter for the business, indicating their interest in financing the purchase.
Growth Opportunities
The seller currently relies on word-of-mouth and referrals. He has suggested that an outside salesperson could easily improve sales. While they also have a website and Facebook page, they do no online marketing such as SEO enhancements or pay-per-click campaigns that could improve their sales.