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Profitable Awards, Engraving-printing Business For Sale

Powell, Wyoming, US
Asking Price:
$215,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$227,500
Cash Flow:
$110,240

This fun, creative and profitable awards, specialty engraving/printing and promotional products business is now being offered for sale in beautiful northwest Wyoming. The business is located in a historic 6900-square-foot brick, 4-level storefront in the main business district of the community. The building, which also includes three nicely updated two-bedroom apartments above the retail space, is owned by the business owners. The apartments have an an excellent rental history which provides another valuable source of monthly revenue. The business can be purchased separately or with the building. Business owners are receptive to renting the retail and production space to the buyer if it is their preference not to buy the building. The list purchase price does not include the building.

The company offers an extensive line of awards including trophies, plaques, medallions, ribbons, acrylics, crystal, etc. Graphics services are offered and all of the awards and gift items can be customized in-house by either full-color sublimation printing, standard diamond drag computer engraving, laser engraving, or sand-etching. Specialty engraving / etching services are an important part of sales and the business does a lot of artist plates, indoor or outdoor signage, badges, etching and lasering of glass items for weddings or other gifts and engraving of customer-provided items. The showroom offers many examples of gift items for sale that can be customized by printing and/or engraving.

The business is also a long-time member of ASI (Advertising Specialty Institute) and has for many years provided the added service of customized promotional products to loyal customers throughout the local area and around the country. Much of this is repeat business and provides an excellent way to offer current and new customers more value by being able to set up the layouts and order the products they need for ongoing promotions or special events. These are easy and profitable orders and the growth potential in this segment of the business alone is excellent!

In recent years the business has continued to see an increased interest in custom lasering and sand-etching services and has greatly expanded its equipment and capabilities to do custom indoor and outdoor signage, donor walls, memorial products and sand etched or lasered pavers for cemeteries, memorial parks and donor walkways for museums, visitor centers, etc. The profit margin on these services is excellent! There are no other businesses in the area doing this type of work and there is a lot of demand for these services.

After over 40 years the business enjoys an excellent reputation for providing quality products and services at a reasonable cost, which has allowed them to attract and maintain an ever-growing base of satisfied customers. The owners are now ready to slow down in preparation for their retirement. With excellent growth potential, exciting profit margins and a tremendous reputation, this business has everything needed for the right energized entrepreneur to step in and take it to the next level of success. Owners are willing to stay on for 30- days to help train new owners in production and accounting processes. They will remain in the area and can be available as a resource for questions that may come up beyond the training period.

Wyoming offers one of the most business-friendly environments in the country with a low cost of living and no state income tax. The business is located in a picturesque, friendly and close-knit community with one of the most highly rated school systems in the country, as well as an excellent community college. The proximity to Yellowstone National Park offers residents beautiful scenery, abundant opportunities for outdoor recreation and an outstanding quality of life.

Property Information

Living Accommodation:

If the buyer decides to also purchase the building they could opt to live in one of the 3- upstairs apartments. Another option would be to convert the upper mid-level area to living quarters. There are currently 3- rooms being used for offices (could be bedrooms), a small kitchenette and open living area. The bathroom could be updated with the addition of a shower. Currently there is only a sink and toilet on this level.

Location:

High traffic main business district location near popular restaurants and shops

Premises Details:

Main level of building includes showroom, engraving room, bathroom, kitchen, inventory and production. There are 2- basements, one for storage and the larger room for sandblasting and other production and storage. Mid-upper level has 3- offices, break room, kitchenette and bathroom. Top level is 3- two bedroom apartments.

Size in square feet:
6,900

Business Operation

Expansion Potential:

There are great expansion opportunities with this business, especially in the areas of sand-etching, signage, awards and promotional products.

Competition / Market:

The nearest full service awards business is 1-1/2 hours away. There are a few other small shops in the area that offer some lasering services but do not have the capabilities this business has.

Reasons for selling:

Retirement

Trading hours:

Monday - Friday, 8 a.m. - 5:30 pm

Employees:
3
Years established:
41

Other Information

Support & training:

The owners will include 30 days of training in the production and accounting processes within the purchase price. It will be beneficial for the buyer to have at least a rudimentary understanding of Excel spreadsheets and computer art programs- CorelDraw is currently being used. The business has extensive saved files on previous engraving and printing jobs that will be invaluable for the new owner when doing reorders, of which there are many. The accounting system was designed for the awards and promotional products industries and tracks inventory (for the awards) and also allows the user to assign multiple vendors to the same order for the promotional products orders. The current owners do not plan to leave the area and can make arrangements with the buyer to be available for answering questions and consulting on whatever may be needed after the 30-day training period.

Furniture / Fixtures value:
$64,000 - included in the asking price
Inventory / Stock value:
$58,000 - included in the asking price
Website:
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Home based:
This business can be run from home.
Relocatable:
This business can be relocated.