Listing ID: 81263
SPEND $500K , GET $450K NET NET PLUS! One stop sign shop handles custom designs, manufacturing, fabrication, and for all types of electric and non-electrical commercial signage. Banners, A frames, window signage, channel letter signs, and more! Business caters to small/medium sized businesses with most jobs in the $2,000+. Advanced equipment allows for signs to be made by machine assisted production (machine operated by worker) instead of by entirely hand for a more consistent and high quality product with simple operation. Family run business with over 2 decades of experience! Gross Sales and Total Income actual for 2021 from tax return including simple add backs. EMAIL NOW before it is gone! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email firstname.lastname@example.org.
- Asking Price: $500,000
- Cash Flow: $455,895
- Gross Revenue: $1,523,832
- EBITDA: N/A
- FF&E: $650,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,604
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 5,604 square feet with a Total Monthly Rent of $5,523. Lease ends 05/2023 with negotiable options. Seller is active with 7 FT employees. Hours of operation are 6AM-4:30PM Mon-Thurs. $5,000 in Inventory not included. $650,000 in FF&E included in Asking Price. $100,000 made in Leasehold Improvements. Established business with great customer base and top notch equipment! C-6B Contractor License and UL Approval License Required.
Fourteen (14) Days
The venture was started in 1997, making the business 25 years old.
The sale won't include inventory valued at $5,000*, which ins't included in the suggested price.
The company has 7 FT employees and is situated in a building with approx. square footage of 5,604 sq ft.
The property is leased by the company for $5,523 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, however rather, use the seller's answer in conjunction with your total due diligence. This will paint a more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new customers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Certain variables such as new competitors sprouting up around the location, road construction, and also personnel turnover can influence repeat customers and adversely impact future profits. One essential point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local average home income effect future income potential?