Running a screen printing business can be a profitable endeavor. A lack of major players in the industry and relatively low entry costs create an attractive opportunity. As you consider buying a screen printing business, use this information to determine if it’s right for you.
The screen print industry has been hit hard by the COVID-19 pandemic. The cancellation of large conferences, concerts, and sporting events that generally make up a large portion of the demand led to an 18.0% decrease in revenue in 2020. However, with brighter days on the horizon, you may be the right buyer to purchase an existing print shop and bring it back to life. Having a better understanding of the industry will help you set your own screen printing business up for success. Understand the following before putting in an offer.
Running a successful screen printing business takes more than an understanding of design and t-shirt printing. To keep cash flow steady, business owners need to understand printing operations and marketing, customer service, financials, sales, and managing employees.
Starting your own screen print or embroidery business gives you the flexibility to form your business however you’d like. However, this comes with a multitude of potential missteps. From purchasing screen printing equipment to setting a business model, networking with local businesses, and building clientele, there are numerous issues to resolve as you get things running.
Purchasing an existing screen printing shop allows you to bypass many of the challenges of a startup. As the new owner, you’ll have a recognized business name and proven model, printing machines, trained employees, and an existing customer base to hit the ground running.
As you start to browse screen printing businesses for sale, you’ll want to find a print shop that sets itself apart. The following qualities can help you determine if a printing company is likely to be successful.
With these factors in mind, you can purchase a screen printing business with confidence. For expert help, considering turning to the trusted professionals at Sunbelt Business Brokers. As the world’s largest business brokerage firm, we have the global experience and local expertise to help you find an opportunity that fits you. Get in contact with your local Sunbelt office today to get started!