Reason for Selling:
Retirement
Overview of the Business:
Income to Owner $120,659, and trending up. Average 3 year Revenue over $550,000. You can Buy this business for $428,000. Established in 1983 this successful sign company provides businesses in the Tampa Bay area with a variety of high quality visual communication solutions including: Customized Digital Graphics, Vehicle Wraps, Exhibit Displays & Graphics, Point of Sale Displays, Banners, Promotional Event Graphics, High Impact Banners, Custom Wall Murals, Traditional Exterior & Interior Signage, Directional Signage and more. The business is located on the heaviest trafficked thoroughfare in Tampa. The business has refocused its marketing efforts to include municipalities and was recently awarded a 3 year contract with a water district for $150,000 and currently vetted to be awarded an additional city contract for $120,000. The company provides services to a wide variety of industries including a large electrical contractor, Real Estate companies, wholesale to printers (sister companies) etc… A strong viable database of approximately 3,200 customer emails allows the company to stay in contact with clients. This company is part of an International Franchise network that has established turn-key, highly effective systems to meet the high demand and turn-around times in the industry. Owning a franchise offers most of the benefits of traditional business ownership with far less risk and provides additional aspects to assist with success. By buying into a franchise, you have the immediate backing of a recognized brand with a proven track record and business system. The business has a high margin business model, leading edge technology, diversity of product and client mix, work/life balance – only open Monday-Friday and a clean, modern high tech work environment. State-of-the-art website contains ordering capabilities creating a virtual store online. The current owner has not directed marketing efforts towards large local or national accounts which is an area a new talented buyer could expand and capitalize on their investment. Priced to Sell!! This is a great opportunity to own a business that continues to be successful in spite of today’s tough economic climate for businesses. For additional information email info@vrtampa.com or call 813-739-8722.
Property Features and Assets:
Assets: All equipment is paid off. A complete FF&E list is available to a qualified buyer who has signed a confidentiality non-disclosure agreement with Business Advisory Partners.
Lease: The business is in a popular strip mall located on the heaviest traffic thoroughfare in Tampa.
Leased facility; Approximately 2,000 sq.ft.; Base Rent: $3,913 CAM charges included; no escalator clauses; Owner responsible for all inside repairs.
Market Competition and Expansion:
The business is part of an international franchise system that advertises on behalf of the franchisees, it has two state-of-the-art websites, email blasts are done every 3 ½- 5 weeks that are very effective, the business also offers discounts seven times a year through direct mail to businesses not on the email lists and the owner networks belonging to two networking groups.
Primarily the business has a local base of small to medium sized businesses with repeated graphic needs. Good targets are local restaurants, local schools with sports teams, and media systems, municipalities and local realtors with more than 1 agent in the office.
The business has the capacity to expand and go after ad agency business, large national or regional accounts.
Additional Details: