Sold
Sign and Service Company
This is a great opportunity to own a profitable sign and service company that has well-trained staff with over 30 years of experience and a variety of skillsets that range from flags and banners to corporate branding. They have a service and installation team for all sorts of projects. They are a one-stop-shop for a niche industry and have very strong repeat business with little to no marketing or outside sales efforts.
Listed By: Mike Kendall
Background information
Reference:
0066
Year established:
2010
Reason selling:
The seller is currently spending about 25 hours a week managing the business is wanting to focus on their other business interest.
Finance
Sales:
$1,508,860
Profits:
$645,408
Profit type:
Discretionary Earnings
Operations
Employees:
Six total employees. This includes two printers with many years of experience, a newly trained employee working front desk, a graphics producer with years of experience, and two sign installers.
Equipment:
Most equipment in the facility is leased
Premises
Facility:
The facility comprises 10,200 of total space including approximately 500 feet of front office/reception area. The lease is currently month to month and run $5300 per month.
Square footage:
10200
Rent and lease terms:
$5300 month to month
Opportunities
Growth:
Industry revenue is expected to increase by 2.2% annually over a 5 year period. All repeat business and no marketing is being done. The market they are serving is growing very rapidly.
Market:
There is plenty of competition in the signage space but very few that service this market and provide installation services for all their signage needs. Additionally, this company is dominating the street sign sector.
Price and terms
Price:
$1,550,000