Business Overview:
Sign shop and niche retail sales and service for sale in Southeast Minnesota. COVID resilient with sales and profitability going up! Known as the one-stop shop for the products and services it provides, the company is located in a growing community about an hour outside of the Twin Cities area. COVID-19 has been a catalyst for growth for the company. This business has been servicing its customers for almost 20 years. With a dedicated and competent staff in place, 3 FT, 3 PT, this business is poised for continued success as is or ready to be invigorated into new growth with a change in ownership.
The offering price includes the real estate the company currently operates in, $167,000 in equipment, and $87,000 in inventory.
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Property Features and Assets:
Offering price includes real estate. Building is 4,800 square feet and is big enough to handle current operations comfortably. Also about 1 acre of outside parking and storage. The building has many new energy efficiency updates. Seller would also entertain leasing the building to the next business owner.
Assets= $604,160
Market Competition and Expansion:
Sign Industry: Over the five years to 2025, industry revenue is expected to continue growing at an annualized rate of 0.9% to reach $16.4 billion. Total advertising expenditure is anticipated to continue growing during the five-year period. The simultaneous decline of competing advertising formats, such as newspapers and TV, will likely cement the industry's products as a key component of downstream advertising campaigns. Moreover, continued growth in business formation and nonresidential construction will increase the size of the industry's potential market, sustaining demand and encouraging the entrance of new sign manufacturing companies. - IBIS World.
Niche sales and service: Over the five years to 2025, the industry is anticipated to continue growing and gradually bounce back from the setbacks it experienced more recently as the public health crisis comes to pass. As consumer confidence returns to growth over the next five years, the industry is forecast to expand. Per capita disposable income and the average age of the vehicle fleet are projected to rise, resulting in more vehicles that require industry products and enabling more individuals to afford industry services. Still, long-term stagnation is expected to continue inhibiting significant growth within the industry, even as the largest industry players are expected to increase their market share. Thus, over the five years to 2025, IBISWorld projects industry revenue will increase an annualized 1.5% to $66.5 billion.- IBIS World.
The local economy around this business is growing. Competing local shops are become less common making this business a go-to for the surrounding communities. Increased marketing and sales efforts could drive more business. In addition, adding employees to increase ability to take on more work could increase revenue.
Reason for Selling:
Owner wishes to retire from business ownership.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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