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This is a well-established sign company that prides itself on customer service. The business has been in operation for over 15 years. Historically the Seller’s Discretionary Earnings are around 26%. The company keeps its costs down by outsourcing certain types of projects to reliable subcontractors with whom they have a strong relationship. With a 3-month transition period, a new owner will be able to hit the ground running to serve the Southwest Connecticut market.
The business is located in a 1,400 square feet office space within a retail center. It is on a very busy state road. It is easily accessible since the building is close to the intersection of a major North-South route and close to two major East-West routes. There is approximately one year left of the lease, allowing the new owner time to learn the business before deciding if they would like to relocate.
The city the company is located in is undergoing a massive multi-year redevelopment project. They just finished construction of a large retail development and several new hotels. The construction and redevelopment plans go on for at least another 5 to 7 years (which represents ongoing signage opportunities). The owner also feels that leveraging social media would be beneficial to the company as they currently do not have any social media accounts.
There are two other sign companies in the area and the owner does not consider them to be formidable competitors. These businesses do not have a welcoming environment for customers to visit when they need to ask questions or get help. The company has focused on creating a customer showroom instead of just being a 'sign shop' which has helped them stand out from the competition.
The owner is ready to retire.
Will train for 12 weeks @ no cost
The business can serve virtually all of their customers signage needs. They produce everything from banners to lighted signs, vehicle graphics, to monument signs and everything in between. They have a great network of subcontracted companies who are able to create signs that the company chooses not to do in-house.
Lender pre-screened with $37,500 down.
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