PROMOTIONAL PRODUCTS BUSINESS
This company sells products to businesses that use these items for advertising, awards, new product introductions, service promotions, recognition and similar programs. The owner has a loyal group of clients who buy products to promote their businesses and build good will. A well maintained web site provides step by step guidance for established accounts to select promotional items, pricing and delivery schedules.
Owner operated for 16 years, this well established home based business has thrived without additional employees. Occasional travel is necessary to meet buyers and phone contact with suppliers is important. The owner also must put shipments together and arrange delivery. Accurate on time response to customer orders is a requirement to run this business well. About 300 square feet of space is required to store received goods, put together orders and ship. Office requirements are simple. Relocation of the business anywhere within the Mpls/St. Paul metro is possible.
Seller feels there is a real opportunity for a buyer to increase business if marketing efforts are directed to locating new customers.
Gross sales for the past three years $245,601 in 2007, $234,979 in 2006 and $287,741 in 2005. First quarter 2008 sales were about $62,000. The owner took wages and other benefits in 2007 of about $74,000 and $19,301 for first quarter 2008.
Asking price is $175,000 for the business. The seller will provide necessary transition training. An outstanding web site and various office supplies are included in offer. Few assets are needed to operate this business.
The seller has other interests and family interests.
Contact: Chuck@SellBuyBiz; Phone 612-644-3203; Fax 651-462-0929
Seller has supplied business information for buyers to review not SellBuyBiz or its agents.
TAKE-OUT & DELIVER PIZZA
Seller owns and operates this independent take-out and delivery pizza business established in 1985. Located in a south metro suburb, sales have been strong for many years. The owner has outstanding recipes and many loyal customers have enjoyed the food since the business opened. Chicken and other popular items provide menu diversity and makeup about 30% of sales. Business serves a busy corridor stretching to the airport hotels, Mall of America and west to I35W. Approximately 87% of sales are delivery. Hours are 4pm-1am Monday through Thursday, till 2:00 am Friday and Saturday and 12:00 pm on Sunday. Sales are ahead of 2007 for the same period and the owner believes more opportunity to increase business is available to an aggressive buyer that wishes to add lunch, catering and longer evening hours.
Located in a small strip mall that has plenty of parking space and easy access to major highways, delivery to customers is on time. Owner’s lease expires in 2008. Rent is $2154 (includes CAM) for 1400 square feet. The kitchen is set up to handle high volume and a modern computer system helps keep orders straight.
There are six full time and eight part time employees. Owner oversees operations, takes orders, cooks when needed and orders supplies.
Sales were $704,815 in 2007, $743,399 in 2006 and $809,299 in 2005. Most of the drop in sales from 2005 is associated with loss of hotel trade and food vouchers. Cash to the owner in 2007, prior to debt service, was about $105,800. Sales in 2007 were slightly lower than 2006 but more profitable. Residential markets tapped in 2007 provided higher margins than in 2006 and continue to do so in 2008. Sales in 2008 are ahead of last year with revenues of $526,958 and Seller’s cash at about $75,408 for the first eight months. Owner’s cash for twelve months; September 1, 2007 – August 31, 2008, was $113,276.
The Seller is asking $350,000 for the business. Furniture, fixtures and equipment is valued at $91,000 plus $2,500 of inventory is included in the price. This is a great opportunity to buy this business.
Seller is ready to retire but will help buyer make a smooth transition.
Contact: Chuck@SellBuyBiz; Phone 612-644-3203; Fax 651-462-0929
Seller has provided financial information for buyers to review not SellBuyBiz or its agents.
FLORAL BOUTIQUE RETAIL SHOP
Shop is located in a lovely north metro community just off a busy highway. The strip
Mall has
plenty of parking and complementary businesses close by. Floral arrangements
and fresh flowers are sold six days a week. Owner sells flowers, arrangements
and assorted gift items at the store and delivers throughout the metro area.
Store hours are 10AM to 7PM Monday thru Saturday. Business has a new web site
that permits customers to view flower selections and prices. Orders may also be
placed directly on line. New efforts are being made to develop corporate
accounts at nearby companies. Some gift items are sold in the shop and more
could be added to boost sales. Food and service businesses located in mall help
bring new customers to business.
Extensive leasehold improvements were made to the shop and new furniture was added by the current owner in December of 2007. The business leases 2000 square feet of space for $2000 per month with CAM included. The lease expires in 2012. Utilities, phones and internet expenses average about $600.00 a month.
Sales for
the new business run from $2500 to $6500 per month after only seven months of
operation. The average sale ticket is about $49.00. Owner handles the books and
works in the shop with one part time employee that also does sales, arrangements
and opens or closes the store. She works about 20 to 25 hours a week.
Owner will stay on for
three to four weeks following sale to help transition to new owner.
Asking price is $49,900. Assets included are new outside sign, new furniture, web site, computer and other fixtures with an estimated total value of $21,000. An additional $5,000 of inventory is also included in the price.
Owner has a health issue that will prevent long term ownership.
Contact: Chuck@SellBuyBiz; Phone 612-644-3203; Fax 651-462-0929
Seller has supplied business information for buyers to review not SellBuyBiz or its agents.
Science Laboratory Equipment & Repair
Type of Business: Retail and internet sales of new and used laboratory equipment and supplies plus repair and calibration of equipment. Business was established many years ago to serve businesses, laboratories, students, schools and hobbyists needing lab supplies and service of lab equipment. Calibration and repair of instruments ranges from balance scales to microscopes. More technical instruments or procedures are farmed out. Owner purchased business in late 2006 and moved the business to a new metro location in 2007. This was done to improve company visibility, provide better customer access and to expand sales. Customers are from a wide range of industries that include agricultural, medical, research institutions and everyday needs. Internet sales are a small part of the business but continue to grow. Owner believes there is tremendous growth potential as business is up about 50% over last year.
Facility: The business currently leases 2648 square feet with 2000 used for shop and warehouse activities. Rent including CAM is $1189 per month with a three year lease ending 2010 and a three year option is available.
Employees: There are 2 full-time employees; a manager and a technician. The owner does not work at the shop regularly but helps out some with sales calls and handles financial duties. The manager opens and closes the business, orders inventory, answers customer inquiries, handles daily phone, counter and internet sales and assists the technician with scheduling. Technical questions are referred to the technician who has many years of experience in calibration and servicing equipment.
Sales/Owner’s Cash: Sales in 2007, the first full year for the new owner, were $177,162. Six month sales for 2008 were $123,691 and the owner believes they will continue to increase. Cash to an owner operator that manages the shop would have been about $39,000 for the same period in 2008. Gross profit was 71% of sales with service income accounting for about 40% of sales.
Price: The owner is asking $185,000 for the business. Assets valued at about $40,000 and inventory at cost of $11,000 are included in the purchase price.
Reason for Sale: Owner’s health requires sale.
Important Notice: The above information has been provided by the Seller and SellBuyBiz does not guarantee accuracy or comprehensiveness.