Asking Price: $199,000
Gross Revenue: $294,796
Cash Flow: $125,000
Location: Albany County
This is a franchised sign manufacturing company that takes pride in the quality of their products and provides exceptional customer service. They are not a low-cost provider, but have positioned their pricing to be mid-way between highest and lowest. Customer reviews are outstanding and their quality of service is largely responsible for a good percentage of repeat business.
Year Established: 2008
Employees: 2 Full time; 1 Part time
Facilities: The business leases approximately 2,400 square feet of Class C plaza space at $3,100 per month. There are two years left on the lease. Utilities are approximately $200-$250 per month. The Franchisor chose this particular location because of its high traffic visibility and easy access to major highways.
Competition: There is another sign company 1.5 miles away, which offers direct competition for most services in addition to having a bucket truck for exterior sign installs. Another company in a neighboring county offers competition for electrical signs only, having a limited variety of signs that they offer.
Growth & Expansion: The firm has a large database of customers and enjoys a reputation of a 90%+ satisfaction rate from local/national surveys. Because of the current owners’ other business interests and time constraints, they currently rely on “walk-in” traffic and response from advertising. A new owner should be dedicated to an outside sales effort to “mine” the larger customers and tap into the company’s unlimited potential.
About the Sale
Financing: The owner would much prefer cash at closing but may consider some financing for a capable Buyer.
Support/Training: The owner(s) will stay on for a negotiated period of time to train the Buyer in all aspects of business operations. The Franchisor will also provide classroom and on-the-job training as part of the sale.
Sale Objective: Both owners have other career interests that require more of their attention. They would like to sell the business and return to the workforce. They feel that they can’t devote enough time to the sign business to realize its full potential.
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