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Chicago Illinois Business for Sale

Sign Shop with Property for Sale

Chicago, Illinois
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.

Financials

Price: $514,000
Gross Income: $280,401
Cash Flow: $52,593
FFE: $19,000
Inventory: $5,000
Real Estate Value: $475,000
Source Data:

About the Business

Listing ID: #9358
Year Established: 1986
Financing: Owner will consider a small amount of financing
Training: Owner will provide necessary training
Facilities: 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. www.ababusinessbrokers.com
Competition: 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 www.ababusinessbrokers.com
Growth: 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. 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.
Employees:
Business Listed By
Name: Tony Gavros
Email: info@ababusinessbrokers.com
Company: Advantage Business Acquisitions
Phone: 847-722-1877

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listings by: Tony Gavros

PhotoListing Title City State Price Cash Flow
Bar with Poker Machines for Sale with Property Suburbs of Chicago South and Southwest Suburbs Illinois $1,785,000 $330,236
Sign Shop with Property for Sale Chicago Illinois $514,000 $52,593
Pizza Restaurant for Sale in West Suburbs of Chicago Not Disclosed Illinois $129,000 $65,718
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