Engraving Business In Greater Vancouver Area For Sale

Business description

Asking: $339,000 plus Inventory (Approx. $20,000 to $30,000)

This trophy and awards engraving business has been established over 20 years, 8 years with the current owner. The business is known for its excellent service and quality, providing special order laser and rotary engraved metal, wood, glass and crystal trophies, award plaques as well as a wide variety of pins and ribbons.

The business has a very solid long term client base including a number of schools, municipal city halls, fire and police departments and numerous corporations and sports clubs with new clients being referred by word of mouth on a regular basis. 60% of the business is done by email with clients accessing the company website to view the very large selection of trophies and awards from its 3 on-line catalogues. All equipment is included and owner will train the new owner.

The 3 Year Average Adjusted Income to the Owner is $142,974 before taxes. Revenues in 2011 increased 7%.

Building: For Sale or Lease

The storefront has excellent street exposure and located in a 13 year old, 2,800 SF concrete tilt-up strata unit with retail / showroom and warehouse on the ground floor and a 1,000 SF office above demised into 4 offices and open storage area.

The building is priced for sale at $550,000 with a 4.9% CAP rate and first right-of refusal given to the new owner of the business. The lease rate is $9.50 SF / $2,244 month. Additional rent is approximately $3.83 SF.

Property information

Real Estate:

Lease

Lease terms:

For Sale or Lease.

For Sale: $550,000 with a 4.9% CAP rate at $9.50 SF Net.

Lease Rate: $9.50 SF Net / $3.83 SF Additional Rent / $3,147 per month gross plus applicable taxes. 5 years with options.

Leasehold rent:

$26,925 per annum

Location:

Greater Vancouver area

Premises details:

2,800 SF, 13 year old concrete tilt-up with1,800 SF retail / showroom and warehouse on the main plus 1,000 SF finished office area demised into 4 offices and open storeage area.

Size in square feet:

2,800 SF

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday to Friday 9-5 pm

Employees:

4 plus owner

Years established:

20 years

Other information

Support & training:

Owner will provide training. Buyer should have some computer and artistic ability, knowledge of Corel would be an asset. but not a requirement.

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$30,000