Listing ID: 73347
Profitable Sign Rental company located in the Southwestern Ohio suburbs available to a qualified buyer. 2021 performance is trending better than 2020 and 2019! This business would be a perfect add-on to an existing sign business or party rental business. There is over $80,000 in estimated fabricated signs that will transfer with the sale, along with ample inventory to get started with for a new owner. This is a well-established business that has been doing this successfully since 2005 with little to no advertising having been done historically. This one has potential. Potential to get a new business owner started and then possibly branch out into opportunities that complement this business model. For the right, will consider an ASSET SALE only. Current operation is relocatable and run from current owner’s home location. For additional information please contact listing agent Brandon Owens at 513-392-6750 or email@example.com.
- Asking Price: $65,000
- Cash Flow: $15,000
- Gross Revenue: $39,000
- EBITDA: N/A
- FF&E: $80,600
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
This is a home based location. Seller is active in the business with 15 FT employees and 1 Independent Contractor. Hours of operation are 8 AM to 5 PM, Sunday - Saturday. $1,000 in Inventory and $80,600 in FF&E included in Asking Price. (Home Based)
This Business Is Home Based
The venture was established in 2005, making the business 17 years old.
The deal shall include inventory valued at $1,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. However, the real reason and the one they tell you might be 2 entirely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is very vital that you not rely completely on a vendor's word, however instead, use the seller's response along with your overall due diligence. This will paint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in brand-new consumers? Often times, businesses have repeat consumers, which create the core of their day-to-day profits. Specific elements such as new competitors sprouting up around the area, road building, and personnel turn over can affect repeat consumers and also adversely impact future profits. One essential thing to think about is the placement of the business. Is it in an extremely 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 construct a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the regional mean house income effect future earnings prospects?