Existing Sign Business for Sale
Norfolk, VA
| Asking Price: | $210,000 |
| Gross Revenue: | $1,208,271 |
| Rent: | $1,711/Month |
| FF&E: | $15,000 |
| Cash Flow: | $30,000 |
| Inventory: | $15,000 |
| EBITDA: | $1 |
| Established Year: | 2019 |
Listing ID: 2233913Listing provided by BizBuySell
BUSINESS DESCRIPTION
Leading Sign Business for Sale
This is a great opportunity for someone to own without the ramp-up. Sales have doubled year to year and are projected to continue their rapid growth. The location was renovated during build-out and includes a bay to do automotive graphics. They currently service 3 surrounding cities, several fortune 500 companies, and government agencies.
*The Gross Revenue number as taken from our 2024 FDD, was calculated based on the average of 354 stores in the United States in operation for two (2) full years or more as of December 31, 2023, which properly reported their sales for each of the twelve (12) months in 2023 that employed at least one (1) full time outside salesperson in 2023.
DETAILED INFORMATION
Location
Norfolk, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,500
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1500 Sqft with workshop and bay for vehicles
Competition
There are a few competitors in this area, but the market has a huge demand and even the existing sign companies can't keep up. Our competitive advantage is the fast turnaround. There is a lot of construction in this area including, 2 casinos due to open in less than 2 years as well as host of apartment complex.
Growth & Expansion
The growth would be to concentrate on the construction bidding there is also a large demand for installers of small signs.
Financing
Owner will finance a portion of the sale
Support & Training
Owner will provide 4 weeks of onboarding training. Owner is willing to stay on if needed/desired. Franchisor will provide comprehensive support and training.
Reason for Selling
Retiring
Franchise
This business is an established franchise
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