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Incredible Price For Embroidery Business & Real Estate

Location  Cleveland, Ohio, United States
Asking Price Range  < $250K
Gross Revenues  $63000
Net Profit / Cash Flow  $15000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1985
Number of Employees  1 - 3
Inventory  2000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  one month training
Reason for Sale  Retirement.

Description  
Unbelievable opportunity! Total sales price includes the building & business. Long term embroidery business is available due to passing away of the owner in January 2013. New owner, husband, wants to sell the business and the building or just the building, as he is not experienced in running the business. Does not want to be the landlord as he wants to spend time with his children. Building was purchased in 1986 for $52,000. Currently, business has no website and setting up a website would be beneficial. The services are following: monogramming, custom logos, school jackets, wool varsity, nylon jackets, team uniforms, bowling shirts, patches, sweats & tee shirts and screening. Great opportunity to grow with some advertising and other marketing. Great opportunity as building alone is valued tax-wise at $81,000. Truly once in a lifetime chance to own a business & building. Being the owner of both gives new owner(s) improved cash flow and an additional reason to grow the business with more customers, etc. Very low overhead in utilities, etc. Should not last! Facilities: Stand alone building 2000 SF Competition: Great reputation with schools, etc. Terrific customer list! Growth/Expansion: Very good growth prospects with some marketing and additional equipment. Has a valuable piece of equipment that could be fixed, but currently, the embroidering is outsourced. Financing: possible terms on business Support/Training: Owner will train for 30 days Reason Selling: Wife died unexpectedly in Jan. 2013 Broker Information: Sam Alberico (P) 216-224-3859


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