Established in Orange County for 30 years the company provides sign design, fabrication, and installation to major residential commercial Real Estate developers. The company has maintained consistent revenues and DE numbers throughout the years and continued to maintain its sales during COVID. The company provides a highly specialized service and has long-standing relationships with developers with very little competition. 2020 Revenue $657,946, DE $200,177 Offered at $525,000. The company presently provides services throughout California, Arizona, Nevada, and Washington. There are opportunities to expand geographically as the Orange County office is already set up to provide services for out-of-state projects and is not limited to local projects. Sign fabrication is outsourced and drop-shipped to project sights where installation is then subbed out. Forecasts for the customer’s market project solid growth in 2021 and beyond driven by increased demand and demographics that will sustain this growth.
|Cost of Goods Sold||228338||114277||306853|
- $657,946 sales 2020
- $200,177 Discretionary Earnings 2020
- Offered at $525,000
- SBA financing available for qualified buyers
- $55,400 down payment with SBA financing
- $133,751 net after debt service with SBA Financing based on 2020 DE
The company has a highly trained experienced and professional staff of 5 that do design work and project management. The owner is actively involved in the business, doing sales, quotes, project management, ordering materials, and general management.
The company has a broad well-established customer base with no one customer representing more than 25% of sales, most customers are below 10% to 15% of annual sales. The majority of customers are long-term repeating customers who also act as a referral source. There is currently no active marketing and/or advertising plan and an unfinished website.
The seller is retiring after owning and operating the business for over 30 years. The Seller will train for four weeks after the close of escrow and is willing to consult on an ongoing basis.
This is NOT an absentee business and the buyer must be prepared to be an owner-operator actively running the business.
The staff does the day-to-day design work for clients, but the buyer must be willing to learn the business and learn how to do quotes as well as learning the operations of the business. The seller does some design work, assisting the staff, at peak times. The buyer should have good computer skills but does not need to be an expert.
This business requires a minimum of $55,400 cash down payment with SBA financing plus working capital and closing costs. The buyer must qualify for SBA financing which typically requires a credit score of 700+. The business requires a CA Contractors license C61-D42 specialty license for sign installation.. The Seller will act as the RMO (Responsible Managing Officer) for up to one year while the Buyer obtains their contractor’s license. SBA rules do not permit the Seller to RMO for more than one year.
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