Listing ID: 73612
In Contract !!
The demand for signs during the Pandemic substantially increased. Excluding the shutdown, sales have increased from the need for social distancing signage. We expect the demand for such signage due to the Pandemic to continue for the next couple years.
This is an opportunity to own an established Sign and Graphics company with an outstanding reputation and solid earnings. This is a franchise with a solid business model that works. All of the guesswork is removed as you are supplied with a tried-and-true system including training. The price of $199,000 includes the $29,500 Franchise Transfer Fee. No additional cost to the buyer, own this business for $199,000.
No Sign or Graphics Experience Required for this sign shop. Many successful owners of this franchise had no experience with graphics, signs, or even running a business when they started. The franchise provides continuous training and support to help you succeed, and to ensure that you’re up to date on the latest developments in the industry.
The sign industry is a $49 billion market. This franchise is ranked #1 in the industry by the prestigious Entrepreneur Magazine’s Annual Franchise 500. They have been successfully helping entrepreneurs run full-service sign centers for over 26 years and are now approaching 1,000 stores in more than 65 countries. Their vast experience and expertise will deliver the training, consulting, equipment, and support necessary for new owners to continue to run this location as a successful and profitable sign shop.
Don’t buy a new franchise, save money and time with this opportunity.
The cost for a new franchise is $149,900 plus and additional costs and effort to secure a good location plus getting the store open and operational. Why buy a start-up and start with zero customers and no trained employees. Compare that investment with this opportunity for a smooth transition into a business that is known to turn a profit. This established location has seen sales increase over the last two years. 2019 was a store record with sales exceeding $340,000!! With cash flow of over $65,000, 2019 was very profitable and 2020 is projected to do even better. With this successful business you’ll make money the first day you own the business and can expect continued growth to follow.
Another positive for this business opportunity is the continuity and experience provided by great, knowledgeable, long-term staff; three full-time and one part-time. Furthermore, the current owner will help with training to ensure a smooth transition.
- Asking Price: $199,000
- Cash Flow: $65,000
- Gross Revenue: $340,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,900
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Shop is 1900 sq ft located a strip center on a very busy road. The center is named carries the shops name on is marque sign. Seller has recently renovated the shop to franchisers current design and has purchase some new equipment making the business much more efficient to operate.
Five (5) Weeks Franchiser sponsored training in addition seller will train locally to insure a Very Very smooth transition to a new owner.
Owner wants more time to raise and grow her young family.
No competition in the immediate trade area.
Sales has continued to increase over the last two years with the shop having great upside potential for growth.
The business was founded in 2004, making the business 18 years old.
The deal shall not include inventory valued at $5,000*, which ins't included in the listing price.
The business has 3 FT 1 PT employees and is located in a building with disclosed square footage of 1,900 sq ft.
The real estate is leased by the business for $2,864 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 completely different things. As an example, they might state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in profits, or a variety of various other factors. This is why it is really essential that you not depend absolutely on a seller's word, however rather, use the seller's response in conjunction with your overall due diligence. This will repaint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too tight. Lots of companies 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 commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new customers? Most times, businesses have repeat consumers, which develop the core of their day-to-day profits. Specific variables such as new competitors growing up around the location, roadway building and construction, as well as staff turnover can impact repeat customers as well as negatively affect future profits. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the greater the opportunity to develop a returning client base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood median house earnings effect future earnings prospects?