caribmike
Retired with a Side Hustle
I'm closing my commercial print shop at the end of the year and will become a print broker working out of my home. We've been in the same location for over 40 years but the lease it up soon and I want to "sorta" retire. I've worked hard over the past 5 years to move all print production (about $500K/year revenue) from in-house to wholesalers such as DFS, Navitor, Ennis, etc. which has worked out very well. The only thing we really make in-house now besides a few copies here and there are signs and banners which brings me to the purpose of my post.
I have a Mimaki JV33-160 and a 54" cold laminator, both well looked after and in great shape. I'm located on a Caribbean island and it won't make $$ sense to ship these off island. I'd like to sell them to one of my friendly local competitors who only has vinyl cutters and comes to me for his printed vinyl work. He's a very nice guy and we get along well together. Ideally, I'd like to continue to sell signs and banners but sub the work out to him.
Can anyone suggest what the $$ value of these might be in a sale scenario as I've described or perhaps some sort of scheme where he pays them off as I send him jobs? He's quite interested to have them, I just don't know what they're worth. I appreciate your feedback.
I have a Mimaki JV33-160 and a 54" cold laminator, both well looked after and in great shape. I'm located on a Caribbean island and it won't make $$ sense to ship these off island. I'd like to sell them to one of my friendly local competitors who only has vinyl cutters and comes to me for his printed vinyl work. He's a very nice guy and we get along well together. Ideally, I'd like to continue to sell signs and banners but sub the work out to him.
Can anyone suggest what the $$ value of these might be in a sale scenario as I've described or perhaps some sort of scheme where he pays them off as I send him jobs? He's quite interested to have them, I just don't know what they're worth. I appreciate your feedback.
