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#Business ID: 12949

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Sign Shop with Property in Chicago, North Side

Business Location: Chicago, Illinois, United States

Asking Price: $ 514,000 Revenue: $ 280,401 Cash Flow: $ 52,953

[Furniture / Fixtures included]
[Real Estate Included]

Business Summary

North Side of Chicago Sale includes: the Property, the Business, all Equipment & all Fixtures.
Purchase Price / Real Estate = $475,000.00
Purchase Price / Business = $39,000.00
Total Purchase Price / Business & Real Estate = $514,000.00

The current owner has been in the business since 1986. This sign shop is well known throughout Chicago & they sell, design & manufacture all kinds of lighted signs including neon signs, decorative neon lighting, LED lighting, fiber optic signs, vintage neon restoration, custom neon creation & design, custom made electric signs, outdoor signs, cold cathode lighting & sign repair.

The owner owns the building & pays himself rent. He is open to selling the business & allowing a buyer to rent the building. The Base Rent would be $1,300/month. The length of the lease is negotiable. The sales have been very consistent. 2009 sales were $251,868. 2010 sales were $265,469. 2011 sales were $280,401 & the 1st 9 months of 2012, the sales were $177,352. The cash flow is consistently around $50,000 per year.

Property Details

Years Established:

1986

Property Type:

Real

FF&E:

$ 19,000

Inventory Value:

$ 5,000

Real Estate Value:

$ 475,000

Other Business Details

Competition:

This business has limited hours of operation. They are only open Monday Friday, 9am 5pm. This is a great opportunity to buy a very reasonably priced business & increase the sales & make more money than the current owner. Note: The current owner is willing to sell the business and allow you to rent the building/property. The Base Rent would be $1,300/month.

Expansion Potential:

There are many areas of opportunity for a new owner. This business has a website however, it has very limited information & is quite dated. A new website with pricing, samples of signs made, sign options, products, services & their location would significantly help exposure. If you do a search for Chicago Sign Shops , their website didn t appear at all on the first 10 pages. This business has been around a long time & should show up in the first page or 2. They also have limited hours of operation.

Business Operation Details

Employees:

3

Support & Training:

Owner is willing to provide the needed training.

Miscellaneous Details

Financing Available:

Yes
Owner will consider a small amount of financing with qualified & experienced buy.

Reason For Selling:

Owner is retiring.

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