Profitable Commercial Lighting and Sign Service Co

Not Disclosed, SC
Lexington County

Asking Price: Annual Revenue:
$824,900 $545,887

Services: Construction, Contractors

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RE: Profitable Commercial Lighting and Sign Service Co Broker: David Smith

Quick Facts

Asking Price: $824,900
Annual Revenue: $545,887
Net Profit: Not Disclosed
Cash Flow: $274,555
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 3
BBN Listing #: 47404955
Broker Reference #: 1207-16341

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Business Overview:

Established, Profitable Commercial Lighting and Sign Service Company

This Company is a well-established and profitable business that services lighting and signs for commercial customers. They work with major restaurant chains, retailers, and other multiple-location businesses. The Company works with independent locations as well. They do not manufacture signs, but will install signs to accommodate their customers. The Company bills hourly for their labor services; however, the most profitable area of the business is the parts they install.

This is a great opportunity to own a very profitable business that requires minimal hours and oversight from the owner.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.

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Property Features and Assets:

This business is operating out of the owner's personal residence. Location is not pertinent to the success of business. A space is rented for the bucket/boom truck. Assets = $95,000.

Market Competition and Expansion:

The company has a competitive advantage by operating locally. Their major competition is located in another city, often out of state. The company has retained many of its companies for over 20 years. The business is run semi-absentee, the Sellers work less than 10 hours combined. There is limited social media presence, limited advertising, and no consistent sales efforts. The Company has hired an outside sales person. Before acquiring another business, the Seller's had plans to expand to Florence, Sumter and Myrtle Beach.

Reason for Selling:

Owners have two other businesses.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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