Business Overview

Franchise sign shop in highly populated Chicago south loop for sale. This business has won multiple awards within the franchise system and has tremendous support with well established systems for any new owner. Large city clients have been a part of the revenue that grew this business. There is a nice base here to grow off of with the proper owner in place. This city is yours with this large franchise area available! This is also an ESSENTIAL BUSINESS that will stay open during any COVID time frames. Inquire within for someone getting into the business or to add on to your current sign/printing network of businesses and available areas. Comes with a graphic designer and in house employee.

Financial

  • Asking Price: $325,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retiring

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell companies. Nevertheless, the genuine reason and the one they tell you might be 2 absolutely different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in profits, or a range of other factors. This is why it is very important that you not rely completely on a seller's word, but instead, make use of the seller's solution combined with your overall due diligence. This will paint a much more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that in some cases this can imply that earnings margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Often times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Specific variables such as brand-new competition growing up around the area, road building, and staff turn over can impact repeat clients and also negatively impact future revenues. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the better the possibility to build a returning customer base. A final thought is the general area 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 earnings influence future income potential?