Business Overview

With a long history of profitability and a recent price reduction, this Sign and Awning manufacturer is a MUST SEE! This outstanding, fully staffed and very well equipped sign and awning business is for sale. The fabrication shop is immaculate with all the tools needed for the job. The business has been in the area for over 28 years with a fantastic reputation. Comes with a well equipped fabrication shop and all of the installation equipment needed to handle any job big or small. They have a long history with local large and small businesses as well as many municipalities. This company fabricates and installs signs from small real estate signs to 100 foot tall shopping center signs. Great business to take over or add to your existing business. For additional information please contact listing agent Scott Black at 757-439-9037 or sblack@fcbb.com.

Financial

  • Asking Price: $899,000
  • Cash Flow: N/A
  • Gross Revenue: $589,560
  • EBITDA: N/A
  • FF&E: $465,665
  • Inventory: $50,000
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,800 square feet with a Total Rent of $6,000. Seller is/is not active in the business with 9 FT employees. Hours of operation are 7 AM to 5 PM, Monday - Friday. $50,000 in Inventory and $465,665 in FF&E included in Asking Price. $37,500 made in Leasehold Improvements. Assets include shop and hand tools! Business License Required.

Is Support & Training Included:

30 Days no more than 20 hours per week

Purpose For Selling:

Retiring

Pros and Cons:

Largest in the area, This business if fully equipped with some of the largest bucket trucks in the area, This would be a great add on to an existing business instantly increasing revenue.

Opportunities and Growth:

Can expand in the entire Virginia. and DC, Maryland area

Additional Info

The venture was started in 2005, making the business 17 years old.
The transaction does include inventory valued at $50,000, which is included in the suggested price.

The business has 9 employees and is situated in a building with disclosed square footage of 1,800 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a range of other reasons. This is why it is very essential that you not rely completely on a vendor's word, but instead, utilize the vendor's answer in conjunction with your overall due diligence. This will repaint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that revenue margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract brand-new clients? Most times, companies have repeat clients, which develop the core of their daily revenues. Certain aspects such as brand-new competition sprouting up around the area, roadway building and construction, and personnel turn over can affect repeat customers and also adversely impact future earnings. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood typical household earnings impact future revenue prospects?