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Manufacturing Business for Sale in Georgia

Well Established Printing Company
Decatur County

Financials (glossary of terms)

Asking:   $600,000
Gross:   $197,020
Cash Flow:   $37,961
FF&E:   $175,000 (included in the asking price)
Inventory:   $8,000 (included in the asking price)
Real Estate:   $150,000 (included in the asking price)

Business Summary

The business was started by a previous owner in 1982. The business was acquired by its current owner's in November of 2004 and became the Company it is known as today. The Company prints business forms, brochures, newsletters, invitations, business cards and wedding announcements for customers in and around the area. Company management estimates that approximately 50% of the Company's printing is business forms, 33% is newsletters and brochures and the remainder is divided up between business cards, invitations, wedding announcements and other miscellaneous print jobs. The Company has one large printing press that is leased (and will be paid off by the current owner's in the sale of the business), two Rizzo printers and one plate maker. The Company subcontracts out all raised letter print jobs. The Company typically carries most customer accounts on a net-30 basis. Furthermore, the Company's standard operating hours are 8:00 a.m. to 5:00 p.m. (closed for lunch 12:00 p.m. to 1:00 p.m.) on Monday through Friday.

General Information

Year Established: 1982

Employees: 1

Facilities:  The Company owns its own facility which is comprised of one building with approximately 1,800 square feet. The Company moved into this facility in the second half of 2005. The building has a front office for walk-in customers, a large room for the presses and printers, a bathroom, a break room and a storage area.


Market Outlook

Competition:  Company management indicated that while there is a moderate amount of competition in the area, only one competitor is considered formidable competition. However, the owner of the competition is looking to retire and the future of his business is uncertain. The Company also receives some competition from other companies in the neighboring states. However, these companies are at a disadvantage in their market area because they are more expensive.
Growth/Expansion:  Company revenue increased from $227,000 in 2003 to $266,000 in 2004 (on a combined basis between the prior owner and current owner) & $197,000 in 2005. However, the Company's revenue in 2005 is understated because all projects for the first 8 months of 2005 were underbid by 30% because of problems with the Company's estimating software. Thus, we have made an adjustment to increase 2005 revenue by $40,000 ($200,000 x 30% x 8/12 = $40,000) to account for this nonrecurring underbidding problem.