Description of the business for sale
EmbroidMe is the leading franchise for providing a full range of custom embroidery, screen printing and promotional product needs for businesses and individuals. The first store, opened in 2000, was an immediate success. Now, there are 350 franchise stores worldwide. This store, in a prime territory, has built a reputation for quality and service and has an extensive customer base. Using state-of-the-art computerized equipment, the EmbroidMe staff can create a design or utilize the customer s own logo or design, and then embroider or print it onto almost anything - shirts, caps, uniforms, T-shirts, jackets - creating a top-quality look and feel.
What makes this an outstanding acquisition opportunity?
• world's leading embroidery franchisor
• well-established, ongoing monthly revenue, in a territory with a dense population of mid-to-high income households, small to medium-size businesses and several government offices
• attractive retail store-front location in a strip shopping mall, on heavily traveled street drawing substantial walk-in business
• 850+ on its customer list (individuals, local and regional businesses and government agencies)
• publicized by ongoing advertisements in several local directories
• state-of-the-art computerized equipment
• great opportunity to build further and achieve highly profitable operations
• $20,000 less than new EmbroidMe franchise ($187,00 for new startup): for $67,000 cash + assume $97,146 equipment lease obligation
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Support / Training provided by seller
SUPPORT: owner willing to remain for a reasonable period to assure a smooth transition. The staff member in charge of production is willing to stay on through August if you want. Purchase price includes cost of the full five-week training course (including travel and lodging expenses) provided for new franchisees by the parent company.
REASON FOR SELLING: Pursuing other career options.
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Description of the facilities
LEASES: Retail Space: 658 sf @ $1693/mo until 9/2010. Production equipment: $2,657/mo.
INVENTORY: $5200.
MARKET ENVIRONMENT: In prime retail location. Sales territory has many small and large businesses, government offices, high-income households. 80% of business from customers within 10 miles. Competition: 1. Most similar size within same area/none within immediate neighborhood. 2. Online business that fulfill orders online.
GROWTH: Currently run with little sales & marketing. Based on well-operated stores in comparable territories, there is great opportunity for you to quickly move into profitable operations. Pro-forma projections provided to interested buyers. Franchisor also provides direct operating support through seasoned professional advisors assigned to the territory.
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