Details - Information last confirmed on June 2, 2021
This Company is a well-established and profitable business that services lighting and signs for commercial customers. They work with major restaurant chains, retailers, and other multiple-location businesses. The Company works with independent locations as well. They do not manufacture signs, but will install signs to accommodate their customers. The Company bills hourly for their labor services; however, the most profitable area of the business is the parts they install.
This is a great opportunity to own a very profitable business that requires minimal hours and oversight from the owner.
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
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