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Manufacturing Promotional Items And Souvenir Cups Business For Sale

Details: Asking price:$2,400,000; Sales revenue:$3,800,000; Net profit:$250k < 500k; Fixtures value:$40,000; Inventory value:$800,000

Business description: This profitable company boasts of its unique foil-embossed method of decorating souvenir cups. The business was initially established by a native New Orleanian as a hobby involving his love of the Mardi Gras celebration. Now in its thirty-second year, the business has grown from a one person hobby into a multi-million dollar operation. Personalized promotional items, such as medallion beads, produced by this company are sought after by a wide variety of buyers including colleges and universities, national beer and liquor companies, Gulf Coast Mardi Gras krewes, and party supply stores. The party store business as well as internet sales offer tremendous potential for business expansion. The company recently signed an exclusive contract to market a new patented novel drinkware item.

General information: Years established:31 years; Employees: 25; Trading hours: 8:30 am - 5:00pm CDT; Relocatable: This business can be relocated.; Real Estate: Lease; Lease terms:15,000 sq. ft. office/production facility leased for below market rate of $3700/mo from seller's family . 22,000 sq. ft. warehouse, seller owned. lease negotiable.; Location:The most high demand business park in the state of Louisiana.; Expansion potential:Unlike its competition, the company has no internet sales. The Party Store market includes 22 stores but could easily triple in a short period of time. Contract to market new patented drinkware item virtually guarentees increase in sales.; Support & training:Owner willing to train new buyer; Reasons for selling:Owner/Founder Retiring