MergerPlace

Sign Shop-Niche Retail Sales

Minnesota


  • Asking Price: $590,000
  • Gross Income: $639,214
  • Cash Flow: $11,265
  • Real Estate: $350,000
  • Inventory: $87,310
  • FF&E: $166,850
  • Listing ID: #223855
  • Established: 2004
  • Employees: 3 FT / 3 PT

Business Description

Sign shop and niche retail sales and service for sale in Southeast Minnesota. Known as the one-stop shop for the products and services it provides, the company is located in a growing community about an hour outside of the Twin Cities area. COVID-19 has been a catalyst for growth for the company. This business has been servicing its customers for almost 20 years. With a dedicated and competent staff in place, 3 FT, 3 PT, this business is poised for continued success as is or ready to be invigorated into new growth with a change in ownership.

The offering price includes the real estate the company currently operates in, $167,000 in equipment, and $87,000 in inventory.


Business Details

Primary Business Category: Manufacturing - Miscellaneous Manufacturing
Location: Minnesota

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 3 PT

Financial Information

Asking Price: $590,000
Gross Revenue: $639,214
Cash Flow: $11,265
FF&E: $166,850
Inventory: $87,310
Real Estate: $350,000
Seller Financing Available: Yes

Property Information

Facilities:

Offering price includes real estate. Building is 4,800 sq ft and is big enough to handle current operations comfortably. Also about 1 acre of outside parking and storage. The building has many new energy efficiency updates. Seller would also entertain leasing the building to the next business owner.

Growth & expansion opportunities:

The local economy around this business is growing. Competing local shops are become less common making this business a go-to for the surrounding communities. Increased marketing and sales efforts could drive more business. In addition, adding employees to increase ability to take on more work could increase revenue.

Competition:

Sign Industry: Over the five years to 2025, industry revenue is expected to continue growing at an annualized rate of 0.9% to reach $16.4 billion. Total advertising expenditure is anticipated to continue growing during the five-year period. The simultaneous decline of competing advertising formats, such as newspapers and TV, will likely cement the industry's products as a key component of downstream advertising campaigns. Moreover, continued growth in business formation and nonresidential construction will increase the size of the industry's potential market, sustaining demand and encouraging the entrance of new sign manufacturing companies. - IBIS World. Niche sales and service: Over the five years to 2025, the industry is anticipated to continue growing and gradually bounce back from the setbacks it experienced more recently as the public health crisis comes to pass. As consumer confidence returns to growth over the next five years, the industry is forecast to expand. Per capita disposable income and the average age of the vehicle fleet are projected to rise, resulting in more vehicles that require industry products and enabling more individuals to afford industry services. Still, long-term stagnation is expected to continue inhibiting significant growth within the industry, even as the largest industry players are expected to increase their market share. Thus, over the five years to 2025, IBISWorld projects industry revenue will increase an annualized 1.5% to $66.5 billion.- IBIS World.

Reason for selling:

Owner wishes to retire from business ownership.

Support & Training:

Will train for 2 weeks @ no cost This company is a one-stop for signage needs in the communities it serves. From automotive wraps to billboards, this business has any signage needs covered. For the niche retail operations the company is the only provider of some services in the area. For both product and service categories the company has an established reputation for quality in the area it serves. For sign install the company is required to have sign installation licenses with various local municipalities.

Contact Business Seller

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Business Listed By:

Jacob Petersen

Murphy Business Brokers