NAMPA, Idaho & FARMINGDALE, N.Y. –Information Direct– Minuteman Press Worldwide Inc
Mike Cutler began promoting print out of his storage in 1996. Over the following 25 years, Mike constructed a profitable printing enterprise that averaged over $1 million in product sales over the previous 5 years. Mike shares his expertise in making an attempt to promote his impartial printing firm Customized Printing on his personal for six to eight months and divulges how Minuteman Press International was in a position to step in to assist him efficiently promote the enterprise.
Historical past of Customized Printing
Mike says, “Customized Printing was a real household enterprise I constructed from the bottom up. I discovered the printing commerce by my father, who was a line and typesetter courting again to the Nineteen Fifties. After beginning the enterprise in 1996, I rapidly out-grew my storage and opened my first retail location in 1998. On the time, my specialties have been thermography, offset printing, and stationery (envelopes and varieties). By 2006, we out-grew the unique location and expanded to a 6,000 sq. ft. facility. Between 2006 and 2014, I accomplished eight acquisitions to increase my enterprise. The businesses I acquired have been within the areas of huge format printing and indicators, lithography, trophies, and reprographics.”
Mike continues, “In 2015, we expanded much more, giving us 8,200 sq. ft. of area to work with. When the pandemic hit in 2020, we truly excelled and recorded our largest gross sales 12 months working as an important enterprise. On the time of the sale, we had 9 full-time workers and a few part-time employees. Our 5-year common was $1.2 million in yearly gross sales.”
Promoting the Enterprise
By June 2020, Mike determined that it was time to promote Customized Printing. At first, he was asking totally different colleagues and other people he knew. Nevertheless, Mike rapidly realized that this wasn’t going to be simple. He says, “I attempted to promote the enterprise that I labored so laborious to construct for six to eight months alone. I used to be additionally getting ready to let it go at a really undervalued worth as I couldn’t discover the precise folks to purchase the enterprise and I discovered a lot of them have been time-wasters and tire-kickers. On high of that, after I consulted with a enterprise dealer, they have been asking me for 10% off the highest of the sale, and so they additionally wished a share of my lease settlement.”
After experiencing these challenges on his personal, Mike turned to Minuteman Press Worldwide to assist promote his printing enterprise. “One of many franchisees I knew regionally in Idaho referred me to Chris Jutt, Minuteman Press Worldwide Regional Vice President. After our first telephone name, I felt assured that Chris had the flexibility, drive and connections to make this dream a actuality for me. Our conferences have been all the time tremendous simple going and cozy. Chris took all of the strain off of me and stated to concentrate on my profitable enterprise and he would do the remainder. That’s simply what he did.”
Earlier than assembly with Minuteman Press Worldwide, Mike even went so far as to get knowledgeable valuation of his printing enterprise. He shares, “Once I knew I used to be going to be promoting, I made positive to get the store prepared. I made positive my financials have been in correct order, I saved up with gear upkeep and repairs, and I saved working and rising my enterprise. Simply to get a valuation of my enterprise, I spent $3,000 to get it finished professionally. Minuteman Press Worldwide did this free of charge and got here up with the identical quantity. That basically impressed me and reassured me that the sale of Customized Printing was in succesful fingers.”
“We set a worth for my impartial printing enterprise that was considerably greater than I anticipated, and Chris Jutt really helpful some phrases. Inside one week, I had a number of very events. Chris discovered the proper folks to buy my enterprise – James and Sheryl Wisler – that may proceed what I began some 25 years in the past. Minuteman Press Worldwide knew that an important issues to me have been my long-term workers, my shoppers, and the status I had labored so laborious to construct. Chris discovered patrons that valued the identical issues. He and your complete crew at Minuteman Press Worldwide delivered on all of my expectations and exceeded in most of them. Trying again, if I knew this was going to be this simple, I might have contacted him years in the past.” -Mike Cutler, impartial print operator, Customized Printing (now International Minute Press, Nampa, Idaho)
Transition to New Homeowners
After the sale of his enterprise, Mike rapidly realized how useful it was to have the crew at Minuteman Press Worldwide help with all elements of the transition to the brand new house owners. He shares, “At first, I used to be apprehensive about how the transition would go. I used to be instantly relieved after I noticed how Minuteman Press Worldwide took the reins to show and prepare James and Sheryl. We’re solely two and a half weeks into the transition part, and already I really feel like I’m not wanted as a lot as I assumed I might be. My workers are in nice fingers, my shoppers are being taken care of, and James and Sheryl are doing a implausible job.”
He provides, “The whole crew each right here regionally and at their company headquarters has been phenomenal. Regardless of who I’ve talked to or labored with throughout this whole course of, everybody has been skilled in addition to instrumental in making this occur. It’s a win-win scenario throughout.”
“The graceful transition has reassured me that it was the precise transfer to promote my enterprise with Minuteman Press Worldwide. They’ve the precise plan, the precise expertise, and everybody has been unimaginable to the final element. In my acquisition expertise, nothing has ever been as simple as this. I had all the pieces to realize and nothing to lose, and there have been completely no hiccups alongside the way in which. I might simply charge my expertise as 10/10.” -Mike Cutler
Recommendation to Different Sellers
When requested what recommendation he would give to different print store house owners trying to promote, Mike solutions, “Don’t even waste your time making an attempt to do that your self. While you attempt to promote by yourself, there are such a lot of bottleneck points and you’ll doubtless undervalue your enterprise. I couldn’t discover the precise patrons alone and I needed to spend an excessive amount of time to fulfill with folks repeatedly whereas nonetheless working my very own enterprise.”
Mike concludes, “Minuteman Press Worldwide alleviated the bottlenecks and got here ahead with certified patrons who have been prepared to jot down the verify for the precise worth. I’m 100% happy past my expectations. This was a complete crew effort by everybody, and so they all got here by for me.”
Contact Minuteman Press Worldwide right now for a free valuation at no obligation and study extra about how we might help you promote your printing enterprise without charge to you. Name us at 1-800-645-3006 or go to https://bit.ly/minutemanpressconversions
Contact Particulars
Minuteman Press Worldwide
Chris Biscuiti
+1 631-249-1370
Firm Web site
https://minutemanpressfranchise.com
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