This owner operated Trophy/Awards company has served the greater Las Vegas community (and beyond) for the last 22 years and is now ready to retire. Since 1994, this business has established itself as the Go To place for trophies and awards! The company is known for great quality and above all (due to their large inventory) lightning fast service. They can deliver an award or trophy the next day! Most trophy retailers do not have near the selection of inventory and equipment this business carries. The owner states the business also performs work for other trophy stores since they have special (expensive) equipment to manufacture products that their competitors do not have. The business customer base is not dependent on any one client, they have a large and varied customer base with over 3300 customers including schools, cities, counties, police and fire departments, major retailers and franchises. Usual mark up on product is 3-4 times cost which is a great profit margin. How can YOU grow the business? Take advantage of the internet! The seller does not have a website, all their business is work of mouth over their years of great service to the community. Also, because their loyal customer base consists of retailers, franchises etc., this can open doors to other geographical areas with these already established relationships.
Seller is ready to retire and wants the business to carry on well into the future. Seller states that growth would not be that difficult. They feel additional income could be generated by a new owner with more marketing energy and know how to advertise (no advertising now), prepare a website, possibly hire an outside salesperson and employ other basic marketing efforts. Also, the seller stated that they have not increased their fees in years so a new owner could over time raise prices and the income substantially. Concerned that you don't know the awards business? The Seller is offering to stay on and train you how to operate the business.
This business is priced to sell at only $55,000 with $60,000 in inventory INCLUDED (at Seller's cost), not to mention close to $100,000 in equipment (shown on the balance sheet).
If you are ready to be an owner operator of your own awards business call today for more details.
This is a leased location of 1,600 square feet and a Total Rent of $1,500. Lease ends 3/2019 with One 5 year option. Seller is active in the business. Hours of operation are Tues-Fri 9am-6pm and Sat 8am-12pm. $60,000 in Inventory and $50,000 in FF&E included in asking price.
Asking Price $55,000
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