Business Overview

Enormous potential for growth! No other firms like this in the area around them. They design and make every kind of electronic sign, vehicle wraps, banners and awnings plus sign installation/repair/maintenance, parking lot light repair and neon sign repair. Great reputation since 1988! Total Price: Business and property $1,099,000.
Pre-qualified for an SBA loan with about $120K down (for business and real estate).

Financial

  • Asking Price: $789,000
  • Cash Flow: $232,038
  • Gross Revenue: $1,180,776
  • EBITDA: N/A
  • FF&E: $225,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 1988

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner is willing to train and assist new owner in transition.

Purpose For Selling:

Retirement

Additional Info

The company was started in 1988, making the business 34 years old.
The deal will include inventory valued at $20,000, which is included in the suggested price.

The company has 6 employees and is situated in a building with estimated square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell companies. Nevertheless, the real factor and the one they say to you might be 2 entirely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other factors. This is why it is really vital that you not depend completely on a vendor's word, but instead, use the vendor's solution together with your overall due diligence. This will paint an extra sensible image of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that profit margins are too tight. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract new consumers? Most times, businesses have repeat clients, which develop the core of their daily revenues. Particular elements such as new competitors sprouting up around the location, roadway building and construction, and also personnel turn over can impact repeat clients and also adversely affect future profits. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the possibility to build a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the regional mean home earnings influence future revenue prospects?