Listing ID: 79307
Recession and Covid proof business.
Sign shop offers the design and manufacture of a full line of signs and graphics including commercial exterior/interior signage, graphics, banners, vehicle, and boat wraps, and more. Could expand into promotional items for increased revenue. B to B business means Mon-Fri hours. Not a franchise so no transfer or franchise fees to be paid. All the profits are yours to keep! Full staff in place for all design, manufacturing, and installation. Shop is complete and features updated and meticulously maintained equipment. Everything is in place for the new owner. Sellers are ready to retire and may consider partial financing.
Call or text Gregg Potter at 727-656-3331 with any questions.
- Asking Price: $239,000
- Cash Flow: $103,000
- Gross Revenue: $685,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,600
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Professional Office/Warehouse. Offices and showroom in the front with rear garage door access for the heavy assembly and vehicle wrap area. The landlord is aware of the sale and is willing to work with the new owner on a similar long-term lease or the business could be moved.
Two weeks training included in sale price.
Sellers are ready to retire.
The sellers have spent the last 7 years building a great presence in the business community with most of the business coming from repeat customers and word of mouth but a good marketer could push growth even higher. Could also expand into promotional items for increased revenue.
The business was founded in 2014, making the business 8 years old.
The transaction does include inventory valued at $5,000, which is included in the requested price.
The business has 5 employees and is situated in a building with disclosed square footage of 2,600 sq ft.
The property is leased by the company for $2,250 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current reduction in profits, or a range of other factors. This is why it is extremely vital that you not count entirely on a vendor's word, however rather, utilize the seller's solution together with your overall due diligence. This will repaint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering points like supplies, payroll, accounts payable, and so on. Remember that in some cases this can imply that earnings margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new clients? Most times, companies have repeat clients, which form the core of their daily revenues. Specific aspects such as new competitors sprouting up around the location, road building and construction, and also staff turn over can affect repeat consumers and negatively influence future revenues. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the higher the chance to construct a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the local typical house income effect future revenue prospects?