Contact: Glen Toadvine
Email: [email protected]
Your Reference ID: GT100118
This business has been family owned and run for decades and would be ideal for a 2 to 4-person family to own.
For 80 years this long-established commercial printer in Western Michigan has developed a solid reputation throughout the region for high-quality work, excellent service and a wide array of critical business services including:
• Prepress and graphic design services
• Long-run sheet-fed offset printing
• Short-run digital printing
• Bindery and finishing services
• Storage, fulfillment, and drop-shipping
Equipment includes 40-inch off-set 6-color presses, digital printing, along with many pieces of binding and finishing equipment. Value in-place of the equipment is approximately $400,000. In addition, the company just made a large investment in its software and prepress capabilities.
The business has a very loyal customer base consisting of a broad array of large and small companies, nonprofit organizations and government entities. There is no customer concentration.
Operating out of a purpose-built 18,000 square foot building, the business has average annual revenues of approximately $1,000,000. A growth minded buyer will be pleased to learn that currently the company has enough equipment in place to handle more than $2,000,000 million in sales. In addition, the real estate (which is owned by the seller and can be leased or purchased under favorable terms), can be expanded on the current lot.
The business, with annual SDE (seller’s discretionary earnings – the cash flow available for a buyer to pay himself and service debt) of nearly $250,000, is value priced at $490,000 (reflecting a highly favorable 2.0x SDE multiple). The seller envisions an asset sale in which he keeps cash and A/R while retiring all liabilities. The buyer receives the above-mentioned $400,000 of equipment (80% of the purchase price) and of course the goodwill of the business. In addition, a meaningful seller note will be available for qualified buyers.
Ideally the buyer would have industry experience, however, there is a strong 12 person workforce in place and the owners are willing, as part of the purchase price, to train the buyer(s) for a reasonable period of time. To learn more about this outstanding business opportunity, please contact Glen Toadvine (firstname.lastname@example.org).
Location(s): Southwest Michigan
Asking Price: $490,000
Cash Flow: $245,000