This top sign manufacturing business has enjoyed exceptional growth starting in 2017 and is positioned for greater success in the years ahead. The company provides the full service solution from custom design to custom installation that only a limited number of sign companies can deliver. The owner has assembled a strong and experienced staff in the areas of design, engineering, project management and sign installation. And, improvements in infrastructure and the implementation of new technology have contributed to making the company a leader in the marketplace.
The company delivers a wide range of sign products to several major industries. Industries and customer types served include hospitals, airports, universities, destination retailers, specialty general contractors building national cemeteries, car dealerships, auto part retailers, brick and mortar insurance companies, shopping center owners and management companies, hotel franchisors and franchisees, restaurant franchisors, state and local government, etc.
The custom architectural signage division is the fastest growing part of the business. Most of the new sales revenue generated for this division is the result of responding to RFQs and ITBs to general contractors, and successfully earning these bids. The company’s ability to deliver innovative architectural sign solutions is a major competitive advantage.
Major new client accounts have been attained that will be a source of very significant repeat business. As of June 30, 2018, YTD Sales were $2.12 MM and Net Income was $656K. It is also important to note that the Sale Price of $4,050,000 includes Accounts Receivables of $650,000.
The home office and manufacturing facility is an 11,500 square foot leased space in an industrial strip center. Up to an additional 11,000 square feet can be leased.
Growth possibilities are almost unlimited. The company offers the products and services to compete for more business in almost every major industry. The growth strategy for a new owner can be based on how aggressively they would want to grow the business. The current owner has a vision on how to grow the company to $10 MM+ in annual revenue in five years. Aggressive growth could be achieved by expansion of the existing business model, investment in new technology and/or acquisition of exiting sign companies.
The company is one of a limited number of sign companies that is a single-source provider of a wide range of sign products and a full-service solution provider. On occasion, the company will partner with other affiliated sign companies to deliver a cost-effective solution. The #1 competitive strength of the company is in the design, manufacturing and delivery of architectural sign solutions. In addition to delivering innovative sign solutions, the staff’s ability to effectively communicate with the clients, architects and general contractors involved in these projects is key to the company’s success. Most of the new sales revenue generated in this area is the result of responding to RFQs & ITBs to general contractors, and successfully earning these bids.
The owner is retiring, but is open to the possibility of staying engaged in the business in a consulting capacity for an extended period to be determined.
Will train for 12 weeks @ no cost. Major sign products include channel letter signs, cabinet signs, custom architectural fabrication, way-finding signs, ADA compliant signs, monument & pylon signs, digital imaging, brand roll-outs, POP’s, electronic message centers, content value-added and post& panel directional signage. Sign products address customer needs that include sight identification, way-finding, interior and exterior imaging, promotional & marketing needs, event needs and anything requiring visibility or knowledge-base to cultural, political, social, marketing or retail requirements. All sign installations are designed to enhance a specific market share.