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Successful Awning and Sign Company - Over 60 Years in Business

North Carolina
    • Asking Price$1,000,000
    • Revenue$1,134,211
    • SDE$301,241
    • Inventory$100,000
    • FF&ETBD
    • Real estate$600,000
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CONTACT THE BROKER

Jonah Pollone Headshot-1-1
Jonah Pollone
919-263-2550

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
- 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

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.

Buyers must demonstrate a minimum of $250,000 in cash or equivalent. 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

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price.

Facilities
The company operates out of a 11,000+ square foot* facility, featuring office, warehouse space, roll-up doors, and more.
Competition
While limited competition does exist, the business is one of the largest, most established, and well-known in the area. A large portion of their business is repeat work and they’re known for their customer service and quality.
GROWTH & EXPANSION
While the company continues to benefit from the growth of its service area, other opportunities include requiring deposits to increase cashflow, executing a process for following up with existing and previous customer (2,500+), adding additional products, expanding service area, and more.
 
Financing
Prequalified for SBA 7(a) loan.
Support & Training
Ownership willing to provide reasonable and customary assistance during the transition period.
Reason for Selling
Current owner looking to transition into retirement.
 
KennyStrickland-1

Completed Transaction: Highland Construction

Kenny Strickland was the leader of much more than just a business. He was the leader of his people, his industry, and his family. For years he considered selling, and finally made the decision to step away from Highland Construction. 
See Their Story