Catylist ID: #30766979
Consistently Profitable Office Equipment Sales & Service Company
Undisclosed Address, Traverse City, MI 49686
Business Opportunity for Sale
|Catylist Listing ID:||30766979|
|Building Size (RSF):||See Agent|
|Name of Establishment:||Consistently Profitable Office Equipment Sales & Service Company|
|Business Website Address:||https://bit.ly/2YGEGHG|
|Year Business Established:||2006|
|Gross Revenue:||$745,000 (Annual)|
|Cash Flow:||$143,398 (Annual)|
Overview / Comments
With over 15 years in the business, the Company has grown its name and reputation as one of the most dedicated office equipment companies in the area.
The Company’s staff is devoted to customer satisfaction and take responsibility for the quality of all products and services rendered to their customers. Their exceptional service is reflected in their 95% customer retention rate, with 95% of their customers on evergreen contracts.
This Company offers top-of-the-line office equipment in the Northern Michigan, which include multi-function printers, production digital presses, scanners, 3D printers, as well as service of every product offered. Serving 17 counties, the Company has a mix of exclusive and shared territories for sales and service of their supplier’s products, which are known for being the highest quality in the industry.
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|Industry Segment:||Office Equipment Distribution|
|Reason for Selling:||Retirement.|
|Value of Inventory Included ($):||$130,000|
|Value of Furniture, Fixtures, and Equipment ($):||$11,000|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Real Estate Lease Description:||3,750 sq. ft. commercial space leased at $2,300/month.|
|Employee/Labor Description:||3 staff members.|
|Mgmt/Training Support Description:||Ownership is willing to provide reasonable and customary transition assistance.|
|Competition/Market Description:||(1) Exclusive and extensive supplier territory. (2) Loyal customer base—95% evergreen service contracts. (3) Financially successful with minimal staff.|
|Growth/Expansion Opportunities:||(1) Expand into neighboring counties. (2) Expand product offerings – supplier offers Software, IP phone systems, and Managed Print Services. (3) Local population growth, as well as trends towards touchless printing and scanning are expected to continue to grow demand for products and services.|
|Seller Financing Description:||Limited seller-financing is available for qualified buyers.|
Douglas YntemaSmall Business Deal Advisors CARWM Member
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