Printer Sales and Service For Sale
Printer Maintenance - East Coast
Listing Number: 1588
Asking Price: Best Acceptable Offer
Gross Revenues: $3,000,000
Owner's Cash Flow: $400,000
For over 40 years, this business has been providing printer maintenance and repair services to large organizations. Many large businesses and government agencies rely on this company to keep their printers running. The business has a niche product line and is an expert in the sale and maintenance of these printers. This is a strategic advantage and a barrier to entry.
The company is not dependent on one or a few customers. In 2018, they had sales to 500 customers located in 32 states and out of the country. They have over 800 printers under one-to-five year service contracts. Through their employees and service organizations, they provide nationwide service for the printers they sell.
The business has two product lines which account for a high percentage of company sales. They are one of the largest dealer/distributor for each. The purchases from each were $1,100,000 and $550,000, respectively, in 2018. The company categorizes sales into 4 product lines. In 2018, printers accounted for 49% of sales, supplies were 28%, service and service contracts were 18%, and sales of parts accounted for 5% of sales.
The business does not require a large investment in equipment. The business owns one van and, otherwise, assets consist of office and warehouse equipment. The company has an extensive inventory of refurbished printers, new and used parts, and supplies. The total value of inventory at cost is several hundred thousand dollars.
Over the past three years, the company has averaged $3,000,000 in revenue and $400,000 in owner’s cash flow. The cash flow to an industry buyer, merging the business into their business, would be substantially higher.
Facilities: The business could be easily relocated. The business is on a month to month lease, sales are nationwide, and several employees work remotely.
Growth & Expansion: This business has the people and capacity to handle more revenue. The business needs a new owner with the drive to grow the business.
Support & Training: The seller will provide necessary support and training.
Reason Selling: Retirement