Sign company: Growing and Very Profitable

Charlotte, NC (Mecklenburg County)

Sign company:  Growing and Very Profitable
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Asking Price: Get Financing: $695,000

Cash Flow: $250,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: $100,000

Inventory: $15,000*

Lease Rate: $8 /SF/Year

Established: 2000

*not included in asking price.

Sign company: Growing and Very Profitable

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Business Description

This is a great opportunity to acquire an ongoing and successful sign production franchise with multiple and repeatable income streams and a large upside in sales and earnings. The current (and only) owner is ready to begin practicing retirement and pursue other interests.
This company is entering its 9th year in business and has established a great reputation among its customer base for timely production, excellent product quality and timely customer service. Products include all types of large format graphics such as floor graphics, wall murals, window graphics, trade show displays, real estate signage, banners, vehicle wraps, art reproductions, glass films and more. In addition, the ability to produce such large graphics creates wholesale opportunities to some competitors. The larger graphic capability means larger gross profit margins for many products.
Top line revenue has shown consistent growth over the last 5 years. In 2017, the business produced sales of $750,000 and cash flow to the owner of $200,000. YDT 2018 revenue and cash flow are on pace to far exceed 2017. October YTD numbers already show a cash flow exceeding $240K. While the owner has grown the operation to meet his needs, due diligence will show that the upside potential could exceed two or three times the current size.
Because this is a franchise, interested prospects will be able to reach out to other owners throughout the country (as well as the franchisor) during their due diligence process in order to gather information that will be helpful in making a buying decision. In addition, the new owner will attend training at the franchisor and work with the current owner for 30 days to transition the business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility is centrally located in 3,500 SF. This is Cass “B” office/warehouse/flex space with a climate-controlled warehouse/vehicle bay for storage and year-round vehicle graphic installation. The lease is currently month to month at a great price of $8.00 per SF and the landlord has indicated he will renew the lease for the new owner. The facility has a comfortable and well decorated reception area that houses the sales and marketing department, a separate office for the owner, a large and well laid out production area. Several staff could be added and throughput increased significantly without having to expand the space.
Competition:
There is some competition in the space. However, this business has carved out a profitable niche in large graphics production. Other profit lines can be easily added with the personal and equipment capacity currently operating. In addition, being associated with one of the best franchises in the country that provides support, national accounts and new marketing ideas will contribute to the continued success of this business.
Growth & Expansion:
The new owner will have enough production capacity to grow the business more than 2X without adding a second shift. Currently, the business services 100 customers and is now beginning to produce product for some new and very large customers that can add significantly to growth.
Financing:
TBD
Support & Training:
Extensive training provided by the franchisor and a 30 day transition period (or more if negotiated) provided by owner. Ongoing support supplied by the franchise.
Reason for Selling:
Owner retiring to pursue other interests
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(from currently available funds)
 
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Michael Hall

Business Listed By:
Michael Hall

Empire Business Brokers

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