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Indoor Billboard Advertising HOME BASED!
NCListing DetailsOffice ID: ADS1
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $365,000
Cash Flow: $116,182
FF&E: $14,825
FF&E Included: Yes
Sale Price: $258,750
Sales Structure: Asset Sale
Some Owner Financing Possible
Reason for Sale:
Retirement, lifestyle decision
Seller will provide complete transition assistance
OperationsYear Established: 1993
Last Acquired: 2008
Employees (full-time): 5
Business Description:
Provides full color indoor billboard advertising in restaurants, sporting venues and other retail locations. Business leverages relationships with restaurant clients with online cross marketing opportunities.
Historical Summary:
Established in 1993 this business enjoys a 90% client renewal rate with many long-term upscale clients. Many advertise in all markets. With recent consolidation in the outdoor billboard industry at high multiples this business could be a high value acquisition target over the next several years.
Owner Qualifications:
Much of the labor can be outsourced allowing the owner to focus on sales and marketing. Must be organized, enthusiastic and good with employees and customers.
Potential Growth:
This business is the marketshare leader in the area and has expansion opportunity immediately statewide and ultimately nationally (potentially as a franchise) should new owner choose to do so. Online the addition of banner advertising and sponsorship is possible.
LocationReal Estate for Sale: Yes
Square Footage: 600
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Jul 23, 2013 / 2:17 PM