Printing Company South Florida
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $4608905
Net Profit / Cash Flow $669340
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1990
Number of Employees 20 - 34
Inventory 1030000
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Owned
Training 30 days at no cost to buyer.
Reason for Sale Retirement.
Description Company does flat sheet graphic printing up to 40 inches in up to 4 colors. The front end ( pre-press ) is fully computerized with an 8 up computer. The front end cost $ 200K and has had a 60K upgrade. Printing equipment is purchased used typically 5 years old with 70 Mil. Imprints. Present printing equipment is in good condition with a long life left. The company presently runs on one shift from 7AM to 3PM. With a second 3PM to 9PM shift the company could produce $ 9 Mil in sales. There are presently 24 employees plus 1 manager. The owner has owned the company for over 20 years and is ready to retire. The downturn in sales due to the economic decline has bottomed out and 2012 should show an increase due to a growing economy and expansion into new areas. The $2,000,000 asking price for the business is a FIRM cash at closing price which includes $1,000,000 FMV of equipment and $30,000 of inventory at cost. The Real Estate consisting of a 16,000 Sq. Ft. CBS building may be purchased for the appraised value at the time of the sale which is estimated to be
$1,200,000 and would add $120,000 to the above Discretionary Cash Flow by eliminating the rent.
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