Listing ID: 70293
This is a rare opportunity to purchase a thriving and turn key vinyl wrap, signage, and graphic design business that has a stellar reputation and a loyal repeat customer base. The newer state of the art equipment, technology, supplies and inventory as well as another year subscription to a fabulous instructional and help site all work to make this a smooth transition to any buyer with experience in the field. There is a loyal and steady repeat customer base to pass on to the new owner. As it currently operates, it offers a good income to the owner with a huge opportunity for growth without adding much additional overhead. Talk with the Seller about all the additional services that easily could be implemented that she just has not tapped into. This is considered an essential business and virtually EVERY business is a potential customer.
The town of Spearfish is growing rapidly in popularity with every indication that population and businesses will continue to grow steadily. The Black Hills attracts a young and active demographic as well as a growing population of active seniors with scenic hiking and bike and 4 wheeler/razor trails of the surrounding forest and the beautiful lakes and streams are inviting to fishermen and water sport enthusiasts alike. The schools and medical facilities are top notch and best of all South Dakota has no business tax. All this together with cleaner air, clean water, rich and colorful history, and the fact that South Dakota is known for it’s freer personal and business policies make this an ideal place to live and work. The sign business is considered essential. Even hospitals and other businesses need signage during tough times.
- Asking Price: $450,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Strong established business, loyal and steady repeat customer base. Offers a good income to the owner with a huge opportunity for growth without adding much additional overhead.
The business was started in 1996, making the business 26 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. However, the true factor and the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of various other factors. This is why it is very vital that you not count entirely on a vendor's word, yet instead, use the seller's solution along with your overall due diligence. This will paint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Often times, companies have repeat consumers, which create the core of their day-to-day revenues. Particular variables such as brand-new competition growing up around the area, road construction, and employee turn over can influence repeat consumers and also negatively impact future revenues. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the better the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood average family income impact future income potential?