Sign Manufacture-Designing-Installations

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 30337002
Property Subtypes: Manufacturing
Building Size (RSF): 9,000 SF
Sale Price: $2,500,000
Name of Establishment: Signs Designed, Manufactured and installed
Business Website Address: n/a
Franchise Parent Name: n/a
Year Business Established: 1971
Gross Revenue: $1,900,000 (Annual)
Cash Flow: $70,000,000 (Annual)
Cash Flow Type: EBITDA
Sale Terms: SBA financing is available with a down-payment of ten percent of purchase price.
Auction License Number: n/a
Last Updated: 10/1/2018

Overview / Comments

Full service Sign Company design, manufacturer, maintenance, and permitting services. Commission salesmen, Production manager, Bookkeeper, Secretary, designer, graphics and CEO. Total employees; 16. Business established 1971; Owned since 1986: The architectural sign manufacturing, installations and service maintenance business without many big players.
Business Description:
Company offers sign design, structural and certified engineering, sign permit applications and municipal applications for signs’ appeals and variance permits, custom sign fabrication, project management, sign installation customer’s supplied and seller’s shop constructed, and maintenance services. company manufactures and installs Pylon Signs, Monument Signs, Channel Letters, LED Signs, LED Scoreboards, LED Video Displays, Time and Temp Displays, Electronic Digital Signage, Stadium Displays, Architectural Signage, Environmental Graphics, Wayfinding, Neon, and Marquees. Additionally, back lighted awnings for store fronts and other commercial applications.

Additional Details

Industry Segment: Lighting Products Manufacturing
Reason for Selling: Seller has accomplished is goal of financial stability for retirement. However, if the BUyer and Seller are compatible. SELLER will offer his services as a commission salesman after closing>
Value of Inventory Included ($): $75,000
Value of Furniture, Fixtures, and Equipment ($): $500,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Real Estate Description: Building acquisition is possible. (Seller Owned) the projected asking lease NNN rate $5,000.00 per month. It has two free-standing buildings. The building is masonry (block) walls, exterior painted, with wood pitched trusses, and asphalt shingles. Building Sizes 8,500 s/f and 1,000 s/f. Seller’s Building Purchase or Lease is available.
Employee/Labor Description: Three outside salesmen; Two admin assistants; Two Painters; Three installers; Two shop helpers; Two fabricators; Two sign designers; Length on the job 2005, 2007, 2009, 2012, 2013, 2014, 2016, 2017. All employees in the back shop are cross trained; i.e.>painters can assemble signs and run the bucket truck and set the sign. Installers can assemble; fabricators can install signs; 2 designers-Graphics; one salesman can design as well.
Mgmt/Training Support Description: Seller is CEO. CEO reviews final Sign job quotes, overviews entire operations, has no sales functions. All positions otherwise are the responsibilities of the staff. The Seller will provide support to transition along with the employees.e
Competition/Market Description: Back Orders and Production Company's ActualTurn Around time: Customers are sold with the knowledge of production and installation is 6-8 weeks. The actual production of large electrical sign being manufactured in the shop is about 8 weeks, designing, customer approvals, fabricating and installation. The Seller’s State of Florida new sign sales annually represent 80% and maintenance/service work is 20% of sales. The market is very goood ancluding the recession of 2007-2010; Company has always had positive geowth. Many more opportunities to expand business: begin second shift to reduce back log of work; expand maintenance recurring revemue program; add more salesmen on the road. (Especially in Jacksonville FL) (Duval County)
Growth/Expansion Opportunities: The following comments are a clip of the latest July 23, 2018 International Sign Association newsletter; ISA SIGN INDUSTRY QUARTERLY ECONOMIC REPORT SHOWS CONTINUED STRONG 2018 AND 2019, THANKS TO BROADER ECONOMIC TRENDS, INDUSTRY INNOVATIONS The sign, graphics and visual communications industry is enjoying solid growth thanks to a strong global economy and the availability of new products, according to the ISA Sign Industry Quarterly Economic Report. After a particularly strong outlook in the first quarter, signs point to that streak extending into 2019.
Seller Financing Description: Seller's 2nd note may be possible, after SBA or primary loan.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282

Contact

Photograph of Listing Agent

A. John Richwine CCIM

MarketPoint Advisors CPXNF Member
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