Business To Buy

Sign Shop with Property for Sale

Chicago, Illinois
The current owner has been in the business since 1986. This sign shop is well known throughout Chicago & they sell, design & manufacture all kinds of lighted signs including neon signs, decorative neon lighting, LED lighting, fiber optic signs, vintage neon restoration, custom neon creation & design, custom made electric signs, outdoor signs, cold cathode lighting & sign repair.
The owner owns the building & pays himself rent. He is open to selling the business & allowing a buyer to rent the building. The Base Rent would be $1,300/month. The length of the lease is negotiable. The sales have been very consistent. 2009 sales were $251,868. 2010 sales were $265,469. 2011 sales were $280,401 & the 1st 9 months of 2012, the sales were $177,352. The cash flow is consistently around $50,000 per year.

Financials

Price: $514,000
Gross Income: $280,401
Cash Flow: $52,593
FFE: $19,000
Inventory: $5,000
Real Estate Value: $475,000

About the Business

Office Reference ID: #
Year Established: 1986
Financing: Owner will consider a small amount of financing
Training: Owner will provide necessary training
Facilities: The owner owns the building & pays himself rent. He is open to selling the business & allowing a buyer to rent the building. The Base Rent would be $1,300/month. The length of the lease is negotiable. www.ababusinessbrokers.com
Competition: North Side of Chicago – Sale includes: the Property, the Business, all Equipment & all Fixtures. Purchase Price / Real Estate = $475,000.00 Purchase Price / Business = $39,000.00 Total Purchase Price / Business & Real Estate = $514,000.00 www.ababusinessbrokers.com
Growth: There are many areas of opportunity for a new owner. This business has a website however, it has very limited information & is quite dated. A new website with pricing, samples of signs made, sign options, products, services & their location would significantly help exposure. If you do a search for “Chicago Sign Shops”, their website didn’t appear at all on the first 10 pages. This business has been around a long time & should show up in the first page or 2. They also have limited hours of operation. They are only open Monday – Friday, 9am – 5pm. This is a great opportunity to buy a very reasonably priced business & increase the sales & make more money than the current owner.
Business Listed By
Name: Tony Gavros
Company: Advantage Business Acquisitions
Phone: 847-722-1877

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