Awning and Sign Installer - Over 60 Years in Business!

Business Description

Low competition and tons of growth opportunities

This opportunity is an established awning and sign fabricator and installer based in North Carolina serving both commercial and residential customers. With over 60 years of history and thousands of customer records, this business has a proven track record of success and is ripe with opportunities for a new owner with energy to grow the business.

Opportunity Highlights:

- Founded over 60 years ago - enduringly profitable business
- Experienced and loyal employees
- In-house fabrication capabilities
- Located within an hour of a major North Carolina city
- Healthy mix of residential and commercial customers
- Retiring owner offering reasonable and customary training period
- SBA 7(a) prequalified
- Tons of room for expansion of additional services and service area

Financial Summary:
• Jan-Apr 2023: Revenue: $353,201 | SDE: $92,968
• Jan-Apr 2022: Revenue: $453,280 | SDE: $128,331
• 2022: Revenue: $1,165,865 | SDE: $245,835
• 2021: Revenue: $1,134,211 | SDE: $275,585
• 2020 Revenue: $1,009,196 | $279,551
• 2019 Revenue: $893,617 | $161,294

The current owner of the business is active in the day-to-day operations and responsible for providing estimates, scheduling jobs and labor, and other administrative tasks. Several staff members could take over existing owner responsibilities. The owner is willing to provide a reasonable and customary training period to transition the business to new ownership.

The real estate is optionally for sale at $600,000, offered by MidStreet Realty. Custom-built for the operations of the business, this building features classy company branding on the exterior with over 11,000+ square feet* of office, warehouse, and roll-up doors. The owners are looking to sell the facility to a new owner.

More information available upon initial interview and signing of a non-disclosure agreement. If you don’t receive an email following up on your inquiry within 24 hours of submitting your NDA, contact rogan@midstreet.com for assistance. Please note that a few non-financial figures in this ad have been modified slightly to maintain the seller’s confidentiality.

Stock sale strongly preferred. 

INVENTORY

$100,000

Included in asking price.

Facilities

Competition

GROWTH & EXPANSION

Support & Training

Reason for Selling