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650K net 270K down SBA Pre-Qualified Sign Company

Volusia County, FL
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Asking Price:$2,700,000
Gross Revenue:$3,500,000
Rent:$6,000/Month
FF&E:$395,000
Cash Flow:$650,000
Inventory:$100,000
EBITDA:$650,000
Established Year:2015
Listing ID: 2236197Listing provided by BizBuySell
BUSINESS DESCRIPTION

Company provides sales and service for both signage and lighting needs. Company creates signs and provides maintenance for existing ones. National companies order signs and have them shipped to location for installation by the company. They oversee the entire project, from start to finish. This includes handling permits, manufacturing, installation, and closing out the site.
In-house graphic design team provides, proofs, realistic mock-ups, engineering drawings, and final production files. An additional Important part of the business is commercial lighting maintenance. Company works with businesses to select the right type of fixtures and lighting. Business is mostly in Florida but also does work in other states. The company has 15 vehicles.

DETAILED INFORMATION
Location
Volusia County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,259
Lease Expiration
12/06/2029
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Excellent office space that houses the management of the company and design and accounting. Additionally, the warehouse provides workspace for sign maintenance and installation prep. Warehouse also has a vehicle Maintenace area for company vehicles with a mechanic on staff.
Competition
The company is very well known in the industry. The owners have over 25 years' experience between the two of them. The company has 30 to 40 subcontractors in Florida and other parts of the US. The business is able to capture business because of reputation and efficiency of the operation. Many national brands use the company for sign installation and removal as well as lighting maintenance
Growth & Expansion
One owner wants to stay on in a sales capacity and wants to double the business. His long experience in the industry allows for many contracts awarded.
Financing
SBA pre-qualified with 10% down
Support & Training
Owners want to make sure that the transition is successful for the new ownership team. Both sellers are willing to stay on in the same capacity for 30 days, and longer at a negotiated part time hourly rate. One of the owners would like to stay on with company longer term mainly in a sales capacity. Both owners are committed to a successful transition
Reason for Selling
Owners want to semi-retire
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Eddie
Hasan
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Eddie Hasan
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