Sold
Commercial Sign Design, Manufacturing, Installation & Service
This is one of the largest and most respected sign business in Ventura County. The business provides custom sign design, manufacturing, installation, and service to a wide range of commercial and retail clients, property owners and managers, and business owners. They have been serving the local community for more than 36 years and has earned a reputation for quality products and service discipline. Having been in continuous operation for over 36 years, the business is well-established and has strong recognition and brand awareness in this region. The Company is professionally managed and has been well-capitalized and consistently debt-free.
Consistent cash flow averaging $371K over the past 9 years, with increasing trends. One of the premier sign businesses serving the counties of Los Angeles, Ventura and Santa Barbara.
Listed By: Steve Barnett
Background information
Reference:
VBB119
Year established:
1986
Reason selling:
After many years in business the owners are looking to retire.
Finance
Sales:
$1,595,992
Profits:
$398,415
Operations
Employees:
4
Equipment:
Included in asking price $85,000
Inventory:
Included in asking price
Premises
Facility:
Approx. 2,800 sq. ft, space in light industrial office park. Approximately 1,945 square foot space on ground floor with an upstairs office/loft with an additional 500 square feet. The property is owned by the business owners, and a fair market Gross lease of $3,210 per month will be charged. $85,000 approximate fair market value Machinery and Equipment comprised of Trucks, Tools, Office Equipment, Furniture & Fixtures.
Rent and lease terms:
$3,210
Location:
Ventura County, CA
Opportunities
Growth:
The business has grown systematically and through referrals. Growth can come from hiring inside salespeople to advertising through various channels.
Price and terms
Price:
$1,030,000
Down payment:
$927,000
Financing:
Up to a 10% note to a qualified buyer to assist with bank financing
Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, each current owner is willing to train a new owner for up to 6 weeks at up to