After nearly 50 years it is time for Tom to retire and pass the business along!
FIRST OFF, TO OUR MUCH LOVED AND LOYAL CUSTOMERS:
No worries, WE AREN'T GOING ANYWHERE & WE ARE NOT CLOSING -- we and our staff are still here busy working, ready to service all your printing, graphic, apparel and signage needs!!! We will be here until someone comes along to buy the shop and we have them fully trained in -- so please rest assured... WE ARE and WILL BE HERE FOR YOU! ❤
The Copper Country is our home, and we plan to stay here, but we need life to slow down soon. Tom is 77 years old and would like to retire. He started the shop on October 5th, 1976 and it's time to hand the reins over to someone younger with more energy.
When the day comes that we sell the shop, we will do everything we can to ensure there is no downtime and that your deadlines will be met during the transition. We will all do our part to keep things running as smoothly as possible.
No worries, WE AREN'T GOING ANYWHERE & WE ARE NOT CLOSING -- we and our staff are still here busy working, ready to service all your printing, graphic, apparel and signage needs!!! We will be here until someone comes along to buy the shop and we have them fully trained in -- so please rest assured... WE ARE and WILL BE HERE FOR YOU! ❤
The Copper Country is our home, and we plan to stay here, but we need life to slow down soon. Tom is 77 years old and would like to retire. He started the shop on October 5th, 1976 and it's time to hand the reins over to someone younger with more energy.
When the day comes that we sell the shop, we will do everything we can to ensure there is no downtime and that your deadlines will be met during the transition. We will all do our part to keep things running as smoothly as possible.
ARE YOU INTERESTED IN BUYING OUR PRINTING COMPANY?
• Want to learn a new Trade and become Self-Employed at the same time?
• Good with numbers?
• Able to Engineering projects?
• Are You a People-Person? = GREAT!
(owner does not need to be creative)
A NEW OWNER WILL GET THE FOLLOWING:
• A busy manufacturing facility with a consistent flow of work
• Physical, hard copy files and computer files ready for all the REPEAT ORDERS!
• All our specialized manufacturing equipment, software and computers required for all in-house work.
• Long established, good-standing distributorships with industry suppliers for speciality products.
• All our resource information and contacts with trade associates who produce custom work for us.
• Supplier contacts for wholesale papers, envelopes, sign materials, press supplies, etc
• All supplies in inventory for each of our different departments (approx. $20,000.00 that we typically keep on hand, being papers, films, inks, toners)
• Keep our phone numbers, fax and email addresses and YOU WILL BE KEPT BUSY!
• Rent from us to keep this location and you will have plenty of “walk-in” customers too!*
• Existing staff would like to stay on (currently there are 4-5 of us working at the shop, 5-6 would be better).
• TRAINING! Combined Tom and Bj have nearly 100 years experience in the field for you to benefit from.
• Both Tom and B.J. will remain available to hire per project or to help part time in production.
Note: B.J. is younger then Tom, and not completely ready to retire, she could work part-time as an off-site/remote graphic artist (in addition to the shop having a full-time onsite layout person/file jockey, that she would be happy to help hire and train in) and she could also work as a consultant (for file jockeying, Mac computer IT person, engineering jobs, quoting, etc.).
All the above makes this a very easy business/new trade for someone to transition into!
As a customer recently said: "The table is set, all they have to do is sit down to it"
CLICK HERE to go to our About Page to learn more about the shop
_____________________________________________________________________________
OUR ASKING PRICE FOR THE PRINT SHOP:
THIS PRICE is for the BUSINESS ONLY, so JUST THE PRINTING COMPANY,
and it is now at a recently reduce price of: $145,000.00*
(Printing company AND building COMBO PRICE is show below)
Please be aware, we did not arbitrarily arrive at this price, we hired the services of a professional business evaluator and he closely reviewed our financials and other information to develop the original asking price of $245,000.00*.
Our asking price was later confirmed by two industry specialists*, and in fall of 2023 confirmed by yet another professional advisor.
However, even with that being said, YES we are open and eager to be presented with any reasonable offers, even if it doesn't meet our asking price.
We have complete financials and can provide details for your review, in exchange will ask for the same from you (with a signed Disclosure Agreement between us of course). To learn what type of information we would need to see from a perspective buyer, please review this article "Preparing for Due Diligence - What Sellers Will Ask Buyers" (copy of it also posted here in case that link goes down).
Just some FYI:
*During a recent meeting with our accountant, we were advised to lower the “tangeable” items (equipment, furnishings, inventory, client hardcopy and computer files) as a means of lowering our personal tax implications from a future sale of the shop. Using the advice from two industry experts (who had actually encouraged us to raise our asking price) we divided up the value of the shop into 3 sections.
The industry specialists we discussed matters with knew the value of our used equipment (they saw our list and knew how it is still very servicible even after decades of use, plus they knew the value of it being already set up in place and ready for manufacturing... and estimated no less then a $100,000.00 value there. This is the “tangeable” amount we have just recently deducted from our asking price.
After discussing equipment, these industry experts learned how well organized we are with our client's files (working layout computer files and the hardcopy files) with samples being at the ready, (all things many other shops sadly do not keep organized or in hardcopy form) they both estimated those adding another $100,000.00 to the value of our printing company.
Then finally the value assessed for the name, local goodwill in general for a very well established near 50-year going-concern small business in a growing community, where we would provide both client and supplier lists (and offer at least introductory training) as the being valued at $100,000.00 on it’s own.
NOTE:
Above price does NOT including the building, as the building is owned by Litsenberger, LLC ~ Commercial & Residential Rentals, and is a completely separate business that we plan to continue to operate, UNLESS someone wants to buy the building AND the printing company.
_____________________________________________________________________________
ABOUT OUR MIX-USE BUILDING & THE PRINT SHOP'S CURRENT RENTAL SPACE...
and COMBO PRICE:
Whether you are interested in purchasing JUST The Print Shop and renting from us, or if you are interested in buying the COMBO of the printing company AND our mix-use building, following are details you will be interested in knowing.
In 2005 the Litsenberger’s formed a new company: Litsenberger, LLC Commercial & Residential Rentals, which purchased this 19,950 sq ft building. This building currently has 4 other renters besides The Print Shop.
The spaces had all new electrical service brought in (including a new transformer for the manufacturing aspect of The Print Shop) as well as all new fresh water plumbing (except for the 2 apartments which were inspected and found to be ok as-is, they were last updated in the 1990's). The heating system was brought up to code with all new duct work, and since then 2 of the 5 furnaces have been replaced with Energy Star ones (in 2009 and in 2017). Other major renovations were also done to improve the quality of the building and preserve it's historical features.
The Print Shop's lobby, offices, file room and art dept. are currently on the 224 Shelden Avenue level, total of approx. 2,430 sq ft office space), and the shop's pressroom, dark room, sign dept. and loading dock, currently located on the lower level at 225 E Lakeshore Drive is housed in approx. 2,808 of manufacturing space), for an approx. 5,238 sq ft. combined. The Print Shop has a 52'x28' pressroom with superior overhead lighting, 220 and 110 volt, and utility sink. Other rooms on this lower level include their darkroom, sign department and shipping/receiving. Concrete flooring is throughout most of this level and is capable of handling heavy equipment. 225 East Lakeshore Drive has 2 entry doors (both are ADA), the loading dock and has 6 windows, 5 facing the Portage Canal.
This current facility would easily handle a large volume of employees, with room to expand services and added equipment too. In the past our shop had 10 employees on staff, so we made sure to purchase facilities that would be able to house at least that many.
There is room on the Lakeshore Drive level in the currently undeveloped spaces for The Print Shop to expand and create new services, or move the offices, file room, Art Dept. and lobby down to this level.
The current/developed print shop spaces are rented to ourselves at a "family" rate of $1,700.00 per month. A casual lease is obviously in place as we are our own landlords, if someone new were to purchase the shop and would want to continue to rent this space we would negotiate a proper rental price and write up a lease with them, same as what our other renters have with us.
• Building price based on quality, size (19,000 square feet), rentals, location* and current trends.
•Building currently has 5 quality rentals with potential for 3 more (with shop all on Lakeshore Dr.)
• Many upgrades were done in 2005. plus more done over the years, with historical features kept intact.
Using the new lowered price for The Print Shop of $145,000.00
and adding that to a current Houghton market value (as advise by our real estate consultant)
of $850,000.00 for Litsenberger, LLC’s building, (which is only available WITH our printing company)
we get a COMBO PRICE of $995,000.00.
You do not need to buy the big building in order to buy the printing company ~ you CAN just rent from us or even move the printing company into your own building if you want ~ we just want to make sure the shop gets a new owner to run it and that our customers are taken care of, so whichever works out best.
*OUR NEIGHBORHOOD:
We are on main street in the historic and busy small town of Houghton Michigan. Houghton is frequently mentioned in lists of charming and unique small towns in America, and is rated as one of the best places to live, according to “The 100 Best Small Towns in America” by Norman Crampton. Houghton is loaded with quaint gift shops and quality restaurants -- with constant foot traffic and US41's through traffic.
Our's is a highly visible storefront/brick and mortar business. We are just one block from the famous Portage Lake Lift Bridge in the beautiful Copper Country of Upper Michigan. Houghton is a great community adjacent to Michigan Technological University, which offers much to our community. We also have a college in our area, plus many historical attractions, as well as many fitness/atv trails, Lake Superior's variety of beaches, ski hills, great boating, fishing, plus a vibrant arts culture, tons of great eateries and a thriving business community.
The City of Houghton recently developed new parking spaces along the waterfront right behind The Print Shop (on the same level with our manufacturing space), plus added green space, gardens, trees, picnic tables, benches, and such all around us -- expanding upon the customer friendly charm of this neighborhood.
_________________________________________________________________
Please contact me (B.J.) or Tom if you are interested in checking out this great opportunity.
Call 906.482.3903, contact us in person or reach out to B.J. through email: [email protected]
• Want to learn a new Trade and become Self-Employed at the same time?
• Good with numbers?
• Able to Engineering projects?
• Are You a People-Person? = GREAT!
(owner does not need to be creative)
A NEW OWNER WILL GET THE FOLLOWING:
• A busy manufacturing facility with a consistent flow of work
• Physical, hard copy files and computer files ready for all the REPEAT ORDERS!
• All our specialized manufacturing equipment, software and computers required for all in-house work.
• Long established, good-standing distributorships with industry suppliers for speciality products.
• All our resource information and contacts with trade associates who produce custom work for us.
• Supplier contacts for wholesale papers, envelopes, sign materials, press supplies, etc
• All supplies in inventory for each of our different departments (approx. $20,000.00 that we typically keep on hand, being papers, films, inks, toners)
• Keep our phone numbers, fax and email addresses and YOU WILL BE KEPT BUSY!
• Rent from us to keep this location and you will have plenty of “walk-in” customers too!*
• Existing staff would like to stay on (currently there are 4-5 of us working at the shop, 5-6 would be better).
• TRAINING! Combined Tom and Bj have nearly 100 years experience in the field for you to benefit from.
• Both Tom and B.J. will remain available to hire per project or to help part time in production.
Note: B.J. is younger then Tom, and not completely ready to retire, she could work part-time as an off-site/remote graphic artist (in addition to the shop having a full-time onsite layout person/file jockey, that she would be happy to help hire and train in) and she could also work as a consultant (for file jockeying, Mac computer IT person, engineering jobs, quoting, etc.).
All the above makes this a very easy business/new trade for someone to transition into!
As a customer recently said: "The table is set, all they have to do is sit down to it"
CLICK HERE to go to our About Page to learn more about the shop
_____________________________________________________________________________
OUR ASKING PRICE FOR THE PRINT SHOP:
THIS PRICE is for the BUSINESS ONLY, so JUST THE PRINTING COMPANY,
and it is now at a recently reduce price of: $145,000.00*
(Printing company AND building COMBO PRICE is show below)
Please be aware, we did not arbitrarily arrive at this price, we hired the services of a professional business evaluator and he closely reviewed our financials and other information to develop the original asking price of $245,000.00*.
Our asking price was later confirmed by two industry specialists*, and in fall of 2023 confirmed by yet another professional advisor.
However, even with that being said, YES we are open and eager to be presented with any reasonable offers, even if it doesn't meet our asking price.
We have complete financials and can provide details for your review, in exchange will ask for the same from you (with a signed Disclosure Agreement between us of course). To learn what type of information we would need to see from a perspective buyer, please review this article "Preparing for Due Diligence - What Sellers Will Ask Buyers" (copy of it also posted here in case that link goes down).
Just some FYI:
*During a recent meeting with our accountant, we were advised to lower the “tangeable” items (equipment, furnishings, inventory, client hardcopy and computer files) as a means of lowering our personal tax implications from a future sale of the shop. Using the advice from two industry experts (who had actually encouraged us to raise our asking price) we divided up the value of the shop into 3 sections.
The industry specialists we discussed matters with knew the value of our used equipment (they saw our list and knew how it is still very servicible even after decades of use, plus they knew the value of it being already set up in place and ready for manufacturing... and estimated no less then a $100,000.00 value there. This is the “tangeable” amount we have just recently deducted from our asking price.
After discussing equipment, these industry experts learned how well organized we are with our client's files (working layout computer files and the hardcopy files) with samples being at the ready, (all things many other shops sadly do not keep organized or in hardcopy form) they both estimated those adding another $100,000.00 to the value of our printing company.
Then finally the value assessed for the name, local goodwill in general for a very well established near 50-year going-concern small business in a growing community, where we would provide both client and supplier lists (and offer at least introductory training) as the being valued at $100,000.00 on it’s own.
NOTE:
Above price does NOT including the building, as the building is owned by Litsenberger, LLC ~ Commercial & Residential Rentals, and is a completely separate business that we plan to continue to operate, UNLESS someone wants to buy the building AND the printing company.
_____________________________________________________________________________
ABOUT OUR MIX-USE BUILDING & THE PRINT SHOP'S CURRENT RENTAL SPACE...
and COMBO PRICE:
Whether you are interested in purchasing JUST The Print Shop and renting from us, or if you are interested in buying the COMBO of the printing company AND our mix-use building, following are details you will be interested in knowing.
In 2005 the Litsenberger’s formed a new company: Litsenberger, LLC Commercial & Residential Rentals, which purchased this 19,950 sq ft building. This building currently has 4 other renters besides The Print Shop.
The spaces had all new electrical service brought in (including a new transformer for the manufacturing aspect of The Print Shop) as well as all new fresh water plumbing (except for the 2 apartments which were inspected and found to be ok as-is, they were last updated in the 1990's). The heating system was brought up to code with all new duct work, and since then 2 of the 5 furnaces have been replaced with Energy Star ones (in 2009 and in 2017). Other major renovations were also done to improve the quality of the building and preserve it's historical features.
The Print Shop's lobby, offices, file room and art dept. are currently on the 224 Shelden Avenue level, total of approx. 2,430 sq ft office space), and the shop's pressroom, dark room, sign dept. and loading dock, currently located on the lower level at 225 E Lakeshore Drive is housed in approx. 2,808 of manufacturing space), for an approx. 5,238 sq ft. combined. The Print Shop has a 52'x28' pressroom with superior overhead lighting, 220 and 110 volt, and utility sink. Other rooms on this lower level include their darkroom, sign department and shipping/receiving. Concrete flooring is throughout most of this level and is capable of handling heavy equipment. 225 East Lakeshore Drive has 2 entry doors (both are ADA), the loading dock and has 6 windows, 5 facing the Portage Canal.
This current facility would easily handle a large volume of employees, with room to expand services and added equipment too. In the past our shop had 10 employees on staff, so we made sure to purchase facilities that would be able to house at least that many.
There is room on the Lakeshore Drive level in the currently undeveloped spaces for The Print Shop to expand and create new services, or move the offices, file room, Art Dept. and lobby down to this level.
The current/developed print shop spaces are rented to ourselves at a "family" rate of $1,700.00 per month. A casual lease is obviously in place as we are our own landlords, if someone new were to purchase the shop and would want to continue to rent this space we would negotiate a proper rental price and write up a lease with them, same as what our other renters have with us.
• Building price based on quality, size (19,000 square feet), rentals, location* and current trends.
•Building currently has 5 quality rentals with potential for 3 more (with shop all on Lakeshore Dr.)
• Many upgrades were done in 2005. plus more done over the years, with historical features kept intact.
Using the new lowered price for The Print Shop of $145,000.00
and adding that to a current Houghton market value (as advise by our real estate consultant)
of $850,000.00 for Litsenberger, LLC’s building, (which is only available WITH our printing company)
we get a COMBO PRICE of $995,000.00.
You do not need to buy the big building in order to buy the printing company ~ you CAN just rent from us or even move the printing company into your own building if you want ~ we just want to make sure the shop gets a new owner to run it and that our customers are taken care of, so whichever works out best.
*OUR NEIGHBORHOOD:
We are on main street in the historic and busy small town of Houghton Michigan. Houghton is frequently mentioned in lists of charming and unique small towns in America, and is rated as one of the best places to live, according to “The 100 Best Small Towns in America” by Norman Crampton. Houghton is loaded with quaint gift shops and quality restaurants -- with constant foot traffic and US41's through traffic.
Our's is a highly visible storefront/brick and mortar business. We are just one block from the famous Portage Lake Lift Bridge in the beautiful Copper Country of Upper Michigan. Houghton is a great community adjacent to Michigan Technological University, which offers much to our community. We also have a college in our area, plus many historical attractions, as well as many fitness/atv trails, Lake Superior's variety of beaches, ski hills, great boating, fishing, plus a vibrant arts culture, tons of great eateries and a thriving business community.
The City of Houghton recently developed new parking spaces along the waterfront right behind The Print Shop (on the same level with our manufacturing space), plus added green space, gardens, trees, picnic tables, benches, and such all around us -- expanding upon the customer friendly charm of this neighborhood.
_________________________________________________________________
Please contact me (B.J.) or Tom if you are interested in checking out this great opportunity.
Call 906.482.3903, contact us in person or reach out to B.J. through email: [email protected]
|
|
|
