This commercial sign manufacturer has been serving Dallas and its northern suburbs for nearly 30 years. The business has evolved into a commercial services operation that not only has a different customer base than a typical sign shop, but also more developed processes and systems in place. This business almost exclusively works with commercial accounts that require wide-format printing, architectural signage, ADA signage, outdoor signage and vehicle wraps.
This business has several unique and positive attributes, but one of the biggest
is the lack of customer concentration. The business has several “largest” customers, but none of them account for much more than 5% of total revenue. The other major note to understand about this business is the operational efficiency. The owner applied his corporate background to this business and spent years developing a set of systems and processes that have not only made the business more profitable and efficient, but also allowed this to become a semi-absentee run company for the owner. He only spends about 20 hours per week in the business, and has absolutely no day-to-day responsibilities.
For more information on this business, please complete our short, online non-disclosure agreement at http://www.hbgadvisors.com/nda.
The business operates out of a 5,000 sq. ft. facility in a retail/light industrial area of Dallas. Rent is $2,500/mo and the current lease expires in March of 2018. The business has been in this same location since 2001, so getting a new lease should be no issue.
Currently the business has no outside sales effort. The owner believes that's the natural next progression of the business. Currently, they rely on word-of-mouth referrals, repeat customers and their website to drive revenue - by adding an outside sales effort the business could experience some significant growth. The business certainly has the systems and procedures in place to allow for fast growth.
There is certainly competition in the commercial sign business in DFW, but this company differentiates itself in a unique way. Since acquiring the business in 2008, the current owner has been focussed on turning a small mom-and-pop business into an actual company. He did this by reconstructing the business operation from the inside out, and now has a set of systems and procedures that allow the business to run more efficiently and more profitably. This evolution has allowed the company to provide its customers a better product in a faster timeframe with fewer hassles, which has led to more satisfied and ongoing customers.
Seller executing his planned exit strategy.
Seller will provide training as needed to ensure a smooth transition for the new owner.