Sign Company with Home
Background Information
This company has been in existence since 1993. The current owners are the original owners and have owned it for 15 years. The business operates as a Sole Proprietorship. This offering includes the business and real estate which is being offered as a package, and not individually.
This company is a retail sign production company, primarily serving the Mount Washington Valley, the eastern White Mountains region of New Hampshire, and New England. The majority of the company's revenue is realized through commercial accounts in addition to limited residential business. The company has the capability to make all types of signs including carved, sandblasted, routed, engraved, and vinyl appliqué on myriad media including wood, high density foam, coroplast, banners, and metal. Truck lettering is also a specialty of this business. The learning curve for this type of business has been shortened exponentially due to the improvement and availability of software designed to simplify the production process. This company has invested heavily in updated software and equipment to remain on the cutting edge of technology.
The Industry
The demand for commercial signs has continued to grow over the 15 years that this business has been in existence. Many of this company's clients are service based industries who have a need for temporary signs as well as permanent signs which keeps demand strong throughout the year. The busiest times are just prior to the winter and summer seasons as seasonal businesses prepare for the peak season's visitors. With the advent of streamlined technologies, production capacity has also increased over the last 15 years allowing for the potential for greater sale volume.
This company competes with three or four other sign companies in the area, with only one equaling the amount of market share that this company enjoys. Due to the ease of basic sign production using the software that is available today, many companies claim that they can produce signs, but very few of them will have the equipment available to produce the carved and routered signs the truly professional sign companies can create. This company is a full service sign company with such capabilities.
For further information on the state of the sign industry in New Hampshire's Mount Washington Valley and New England, contact the following:
New Hampshire Sign Association
89 Oak Street
Dover, NH 03820
603-742-1517
www.signsnh.com
Location
The business's physical location is on a main thoroughfare connecting communities in the eastern White Mountains region of New Hampshire from Portsmouth to the south and Errol to the north. Maine is only a short distance to the east and the Kancamagus Highway and Route 302 connect to the western White Mountains region, only 35 miles to the west. Within a 35-mile radius there are ample potential commercial business clients representing all types of industries.
The business and home sit on a wooded site sitting below the main road with views and privacy built in. The property is close enough to the road for required visibility, but set low enough to afford the desired privacy.
Physical Condition
The business is housed in a 1605 square foot converted garage attached to a 1400 square foot house which is also included in this sale. All buildings are in very good condition and in move-in condition. The condition of the furniture, fixtures, and equipment are also good, well-maintained, and functioning. This is a turn-key business and home opportunity.
Reason for Selling & Other Facts
The sellers are looking to pursue other interests. They are willing to sign a 10-year, 25-mile non-compete agreement.
The seller is willing to stay on and train for two weeks after the transfer of the business at no charge.
Inventory of Furniture, Fixtures & Equipment
| Gerber 404 Router | $25,000 |
| Gerber Edge | $10,000 |
| Gerber Gsx Plotter | $3,000 |
| Computer | $2,000 |
| Scanner | $200 |
| Printer | $100 |
| Omega 2.6 Software (New) | $1100 |
| Sign Clip Art | $800 |
| Campbell Hausfeld Compressor | $1000 |
| Saw Trax Panel Saw | $1200 |
| Makita Table Saw | $300 |
| Router Table With Makita Router | $300 |
| Miscellaneous Power Tools | $850 |
| Hand Tools (Saws, Hammers, Wrenches, Sockets, Hardware, Drill Bits, Ladders, Saw Horses, Rakes, Shovel, Etc.) | $3000 |
| Painting Tools (Brushes, Rollers, Thinner Air Brush, Sprayer) | $500 |
| Office Equipment (Tables, Sign Benches, Chairs, Computer Table, Shelves, Vinyl Racks) | $500 |
The approximate total fair market value of the Furniture, Fixtures and Equipment is $49,850 as estimated by the current owner.
Inventory
The approximate total fair market value of saleable inventory to be left at closing is $7,955. An inventory of all items should be taken at the time of closing and the value adjusted (up or down) depending upon its results.
Not Included in the Sale
- Cash on hand
- Business bank accounts
- Accounts Receivable
- Accounts Payable
- Outstanding loans
- Any other security deposits and prepaid expenses
Hours of Operation/Employees
Hours of Operation: Monday through Friday, 8:30am - 5:00pm
Employees: 1 Part-time, as necessary
Annual Sales Volume
Available upon completing a Confidentiality Agreement.
Expenses
Available upon completing a Confidentiality Agreement.
2005-2007 Profit and Loss Statements
Available upon completing a Confidentiality Agreement.
Ways to Improve the Business
The current owner feels that the best way to improve the business is to increase marketing and advertising at all levels. Also, adding additional employees instead of running the business as basically a one man show will allow the business to expedite existing orders while having the ability to take on new business as well. Technically, the addition of Wide Format Printing will also potentially attract business that is not currently available to this company which does not currently offer this service. Lastly, by opening regularly on Saturdays, volume may be increased, subsequently impacting revenues positively.
Recommended Listing Price (RLP)
The RLP justification for this business is as follows:
| The business has average (2005-2007) gross revenues of: | * |
| The business has average (2005-2007) SDE of: | * |
| Salable Inventory at Cost: | $7,955 |
| Furniture, Fixtures and Equipment: | $49,850 |
| Real Estate: | $300,900 |
| TOTAL RLP: $379,900 |
*Available upon completing a Confidentiality Agreement.
Ownership Transfer Specifications
The current owners are asking $379,900 total for the business and real estate. They are not willing to offer financing terms to a buyer at this time.
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