This company has operated since 1969 with the same family ownership and has a very well known and established name in one of Canada’s fastest growing and most influential areas - the Cambridge and Waterloo Region. It can boast Award Winning designs, including Local and International Gold Ranking for best community signs designed in its LED digital message centre. The company has also been voted best sign business in the Readers Choice Awards for the past two years and best rated year after year.
The business runs steadily throughout the year and Spring/Fall are the busier seasons. Subcontractors, sub manufacturers and sub installers are utilized when required and a very trustworthy and reliable network has been established. This father and son family company is now looking to retire and pursue other interests. They are willing to stay on and train a new, ambitious owner for a smooth transition.
- Asking Price:
- $550,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $560,000 (CAD)
- Cash Flow:
- $155,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
$2,100 per month, Gross Lease. Approximately 5 years remaining on a 10 year lease.
- Location:
-
Located on the main highway leading through the city in one of the fastest growing areas of South Western Ontario.
- Premises Details:
-
Approximately 1550 sq. ft. 3 main areas; Reception and 2 offices. Separate clean graphic room & separate shop for assembly & manufacturing. Some outside storage allowed. 6 parking spaces. 12' overhead door , shop entrance door and front office entrance. High ceilings. Room for new equipment.
Business Operation
- Expansion Potential:
-
Phenomenal opportunity for growth potential. Great opportunity for up-selling existing clients and presenting more products and long-term relationships. Currently has year round franchise work, producing signs for multiple locations from Cambridge into the Greater Toronto area.
Additional marketing is required, creating a better online presence would be a
good initiative, creating an inside sales initiative and up-selling present clients.
Currently the owner is the operations manager -estimating, purchasing and
over-seeing scheduling of jobs, employees and sub contractors. A manager
could run the company.
- Reasons for selling:
-
Retirement and pursuing other interests.
- Trading hours:
-
Mon-Fri 9am - 5pm
- Employees:
- 5
- Years established:
- 55
Other Information
- Support & training:
-
Owners are willing to stay on and train a new, ambitious owner for a smooth transition.
