Seller's Discretionary Earnings: $91,900
Furniture Fixtures & Equipment Included: $85,800
Inventory Included in Price: $40,000
The business was established and successfully operated by the current owner since 1999. The owner is ready to retire.
The business specializes in manufacturing 3D signs and displays from a variety of materials. Most of the business' customers are sign and display companies who use the business as a subcontractor. With second-to-none reputation for customer service and attention to quality, the business gained reputation of being a reliable supplier to its clients.
The business generates steady revenue from existing customers and consistently adds new accounts to its list of clients. All new accounts have come to the business by word-of-mouth referrals from existing clients and suppliers. No more than 10% of revenue comes from a single customer.
The equipment of the business consists of three CNC Router Tables and a complete set of sign manufacturing equipment and tools. The existing equipment can easily accommodate an increase in business volume.
The business operates out of a commercial bay in one of Calgary's industrial parks. The premises are leased from a related corporation and are available for sale if the buyer desires. The owner runs the business on a full-time basis and relies on one part-time employee, who is set up as an independent contractor.
The seller has agreed to assist the incoming buyer with two months of training without additional compensation, to accommodate for a smooth transition, and will also be available to stay longer on agreed terms if the new owner desires.