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This Business has been Sold!
Closing Date: 05/01/2023
Business for Sale Summary

Screen Printing & Embroidery in Suffolk County - 34264

Business Type: other business services,printing/publishing,owner financing available,screen printing - embroidery-promotional products
Sold
Screen Printing & Embroidery in Suffolk County
On May 1st 2023, The Undersigned
Acted as the Advisor to the Deal
Vested Corporate
Vested Corporate Senior Broker
Servicing: This Broker is Servicing All of States
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $150,000
Gross Revenues $525,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and Seller financing of $75,000.00 over 36 months is available to qualified buyers.

Business Description

The asking price has just been reduced from $275K to $225K for this Screen Printing-Embroidery-Promotional Products business that's been run by a husband-wife team going on 40 years now. The husband, who is a master screen printer, would like to retire as soon as possible. Ideally, you are already a screen printer or come with one on your own. Either way, the husband is willing to stay on to provide all the transitional support & training you will need to succeed. His wife runs the front-end of the business, handles financial/administrative functions, and can also do embroidery. She is willing to stay on as an employee for up to another couple of years without affecting the stated cash flow of almost $175K. The seller's own the building within which the business resides and, therefore, are able to offer an extremely reasonable rent of just $2,300/month for 2,250 sq. ft. The revised asking price of $225K is roughly equivalent to the value of the equipment and customer list, let alone only a 1.3 multiple of cash flow. Everything is on the books here, so getting bank financing should be a cinch. If this business is a good fit for you, rest assured you will not find another opportunity like this. Please email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment to meet with the sellers to get a full tour of the facilities and ask some initial questions.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.