B2701 - VR LONDON'S EXECUTIVE SUMMARY
THE COMPANY: Formerly a Printing Franchise, was purchased by the current owner in 1994 and the Printing Franchise was terminated at that time. The business has prospered since and recently moved into larger premises in London.
The business supplies short to medium run printing up to 11" x 17" to London and area customers. It can supply Colour and black and white copying, electronic imaging, has a design capability and more recently developed a service to design custom Internet Webb Sites. A forms design and brokerage service has been added over the last 6 months.
WHAT IS FOR SALE: The vendor is offering some portion of the Shares of
the Corporation for sale to a new partner who would be an operating
partner / manager. The new shareholder would make an investment, ideally between
30 and 75 thousand dollars and some the proceeds of the sale would be used to
invest back into the company.
The assets of the company at present includes
but is not limited to the following:
Equipment $112,300
Inventory $5,000
Furniture & Fixtures $6,896
Lease hold improvements $7,193
Total $131,389
THE NEW SHAREHOLDER: An individual with complementary business skills can look forward to a financially rewarding career with this company. Ideally the new Shareholder would have management experience and some related experience in the printing industry or some related field. He would purchase some portion of the existing shares and would assume responsibility for a portion of business operations. The proceeds of the sale would be used to take advantage of one or more opportunities that would allow the business to increase sales and profits substantially. The shareholder would share any profits generated by the business and would receive a salary or commission as an operating partner.
FINANCIAL SUMMARY: The company is generating sales of about $350,000 annually and has been marginally profitable even with an absentee owner. There is extra production capacity in place and the owner feels that the company could grow quite rapidly by pursuing one or more identified opportunities including the aquisition of other related businesses.
 | Telephone: (519) 673-3197 • Fax: (519) 673-3199 |
 | Email: vrlondon@gtn.net |  |