This company has been in business for thirty-eight years. It is split into two basic divisions: distribution and manufacturing.
An overview of this business for sale
The first sector is on the supplier side of the promotional products industry and manufactures a vast variety of products including badges, plaques, trophies, acrylic signs, lasered wood products, lasered lucite glass, lasered stainless steel, engraved metal, engraved plastic, and many more. It generates approximately 2/3 of total revenue.
The second sector is a promotional products distributor that makes approximately 1/3 of the company’s revenue. As a rule, promotional items are defined as any product or apparel item that includes a company, team, or organization’s logo. The company is a member of the Advertising Specialty Institute that provides support for the promotional products industry both from the distributor side and supplier and manufacturer side of the industry.
The promotional product`s distributor sells products from 5000-6000 suppliers and manufacturers related to the Advertising Specialty Industry. They do business with the distributor’s customer providing branding, incentivizing, rewarding, advertising, and many more opportunities. Lots of distributors place orders with the manufacturing division to be shipped to the end-user. Most of the products produced are used for some type of sign application. However, about fifty percent of the manufactured product orders are name badges and approximately ten percent are plaques. The remaining forty percent of manufactured orders would consist primarily of some type of sign application using a variety of materials and processes such as silk screening, lasering, and engraving. Property:
The advertising specialties manufacturing and distribution business for sale operates from a stand-alone commercial building that consists of approximately six thousand square feet on the first floor, one thousand five hundred square feet of usable space in the basement, and five hundred square feet used for the silk-screening department. The property can be purchased, leased, or relocated to another place.
Competition:
Currently, there are lots of promotional product distributors on the US market, however many of them are home-based one-person part-time operations that do not rival the size of this operation. The competition in this field exists but each and every company is a potential client due to an extremely large number and diverse offering of products. On the manufacturing side of the business, competition is not so big, taking into account strong relations with distributors as long as this business has been established. They come with a brilliant reputation for reliability and quality of services and on-time delivery.
Business Potential:
This company for sale has extensive potential for growth and expansion. The new owner could use the following strategies to increase business:
- Attendance of industry trade shows.
- Development of an advertising program.
- Update of the catalog for distributors.
- Hiring an outside sales rep for the promotional products distributor division.
- Development of a social media strategy.
Additional information
The staff consisting of three full-time and one part-time employees in place.
The reason for sale is the retirement of the owner. He will train for two weeks at no cost.
There is the possibility to relocate the business.
If you are interested in this opportunity, please contact us.
