Nicely Profitable Multi-faceted B2B Marketing Products Business

Contact: Mike Greengard
Email: [email protected]
Your Reference ID: MG1042519

Description:

What a great time to investigate purchasing this nearly 30 year-old Mid-Michigan marketing, sign and graphics company. The founder-owner-seller, now residing in Florida for a significant portion of the year, has become an absentee owner and part-time operator. And guess what? In his absence, the business just landed the largest project in the company’s history. The business can now add this new primo institutional customer to its recurring base of highly desirable “b to b” customers which reads like a Who’s Who of Michigan business and industry. There is no customer concentration.

The seller is offering his business, which has historical annual revenues of $500,000, for $395,000 which includes a backlog of new business approaching $300,000. The business runs smoothly with the experienced and loyal staff of five, so anything the buyer brings to the business will be a plus for the company.

The business has an average annual normalized EBITDA over the past four years of $112,000 (cash basis tax returns) which translates to the above attractive $395,000 listing price, using only a 3.5x EBITDA multiple. Included in the listing price is both a wealth of equipment and all inventory. And to help an enthusiastic but undercapitalized buyer, the seller will carry a six figure seller note (over 30% of the sales price) with favorable terms.

The business has a myriad of profit centers including its specialty of vehicle wraps for fleets, buses, cars, trucks, vans and even boats. In addition, the company produces building wraps, window graphics, signs and banners. It even has a meaningful printing business.

The company is located in an attractive 5,000 square foot free-standing facility in a pleasant neighborhood with other light industrial companies nearby, and there are several major highways just minutes away. The facility has large indoor bays for doing vinyl wraps on tractor-trailers and large private offices for the comfort of the long-time employees. The rent is highly favorable at just 6% of revenues.

The company’s large, digital equipment is all late model and in excellent repair allowing the business to do large and complex jobs while meeting its blue chip customers’ budgets and deadlines.

And last but not least, an aggressive listing price coupled with a large seller note combine to project a successful buyer being able to purchase the business with less than a $50,000 down stroke. To learn more about this highly attractive unique business opportunity, please contact Mike Greengard (mgreengard@praxisbusinessbrokers.com).

 

Other Information:
Located in an attractive 5,000 sf ft free-standing facility in a pleasant neighborhood.

Location(s): Mid-Michigan

Asking Price: 395,000
Cash Flow: 112,000
Gross: 500,000

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