OFF-MARKET ‘Q3 2022
Commercial Signage Company: Legacy Still Bright.
Sacramento, CA (Sacramento County)
Seller Financing Available if the price and deal structure is right.
Zip Code: 94235
Asking Price: $195,000
Cash Flow: $N/A
Gross Revenue: $485,000
EBITDA: N/A
FF&E: $385,000
Inventory: N/A
Established: 1985
Employees: 11 (3 Partners 8 Employees)
Business Description
The Company has a long history in its community of being the go-to provider of large, lighted, electrified, and neon commercial signage. More than offering bar insignias and neon novelties, the CSLB-licensed Company designs, produces and installs signage via highly experienced service technicians. The team also assists clients with everything from initial permit acquisitions to final field inspections and surveys.
With 35 years in business, it brings an excellent reputation held by retail and wholesale customers.
The Company holds numerous permits required for operation including Air Quality / EPA Permit, Spray booth permit, Hazardous Materials Permit, Motor Vehicle Carrier Permit, and a C-45 Contractors License
Four employees have been with the company for more than a decade, one of them for 21 years, another (wife of the Seller) for 30. Wages range from $15 to $24 per hour. Partners receive an annual wage. A lot of training is required if someone is not experienced in the fabrication and installation of electric signage.
The sale includes all business equipment and supplies; including vehicles. All are in working order.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
The business owns the 16,000 square-foot commercial property northwest of downtown Sacramento. One-half of the building is leased to other businesses. The building is NOT included in the sale. The Sellers may separately entertain offers at market rate or higher from the business Buyer or will enter into a lease at a rate comparable to other tenants, approximately $2,100 per month.
Competition: There is some local competition from smaller companies that have not been in business as long, with some subbing out work rather than doing it in-house. All have seen a reduction in sales and revenue as other local businesses have struggled and shut down in the Covid era.
Growth & Expansion:
Having a salesperson reach out to marketing repairs of vintage neon signs across the country, while younger management, restructuring of the production side to be more efficient, and bringing in fresh ideas and energy, could reinvigorate revenue back to its $1M-plus days.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed or as negotiated.
Reason for Selling:
Each of the partners is ready to retire.
OFF-MARKET-Commercial Signage Company: Legacy Still Bright for Sale
