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Listing ID: 2102299

Reduced Due To Illness - The Banff Sign Company For Sale

#3 100 Jay Street, Banff, Alberta, Canada

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: CA$ 250k to 500k

Cash Flow: not disclosed

Business Description

READ TO THE END OF THIS SUMMARY....

The Banff Sign Company was established 30 years ago in 1986. It is the ONLY sign shop in Banff or Jasper National Parks. With dozens of hotels and hundreds of business and restaurants in Banff, Jasper and Lake Louise, the Banff Sign Co is one very busy shop. We are an all round sign shop with a 54" digital printer as well as a 4'x 8' CNC machine but we specialize in custom carved wooden signs. The fact that dimensional wooden signs are mandated in the bylaws of Banff, Lake Louise and Jasper we have produced well, over 15,000 custom wooden signs and are one of the pre-eminent custom sign shops in Canada. As a bonus, there is an amazing 360 degree view of the Rocky Mountains right out the front door.
I am in my 60's now and I'm ready to retire, I would enjoy seeing the business i started 30 years ago continue for another 30 years. please feel free to contact me if you have any questions about the Banff Sign Company or would like more information.
Thank you and I look forward to doing business with you.

Hello Everyone, December 1, 2016
If you are reading this email it is because you have expressed interest in purchasing the Banff Sign Company in Banff Alberta. In the last month I have been diagnosed with a paternally crippling condition that has changed my plans considerably. I am lowering the price of my business from $225,000.00 to $175,000.00. This price includes all stock and inventory (approx.. $15,000) all tools, equipment, printers, computers, CNC machine, client list, Banff business licence (not cheap or easy to acquire) and basically everything I own. I will also reduce the rent on my buildings by 10% for the first 2 years AND I will be willing to rent my 800 sq. ft. apartment to the successful buyer on a separate personal lease so you have a place to live in a town where the occupancy rate is below 0%. This will give the new owner a successful business that has been in Banff for 30 years, that averages $325,000 in gross sales per year, (with approx.. $50,000.00 in net profit) a long term lease with first right of refusal to purchase (and reduced rent for the first 2 years) and the offer to lease a 1 bedroom apartment in Banff for only $175,000.00
If I have not had an offer or sold the Banff Sign Co by Dec. 31, 2016 I will be closing the doors on this very successful business for good.
I hope you see the value in this offer and act fast as I will sell to the first person to make a serious offer
I hope to hear from one of you soon
Thanks for your time
Larry Whan

Property Details

Size:

2250 square feet shop in 3 shop areas

Years Established:

30 years

Property Type:

Real

FF&E:

CA$ 90,000

Inventory Value:

CA$ 20,000

Other Details

Business Location:

Located in the Industrial Compound in beautiful Banff National Park

Premise Details:

The business operates out of 3 sections of the building - wood working shop, paint shop and the design and digital printing shop

Competition:

The Banff Sign Company has NO competition in Banff, Jasper, and Yoho National Parks. There are 2 other sign shops in Canmore, AB., 20 mins away.

Expansion Potential:

Unlimited

Operation Details

Employees:

2.5

Trading Hours:

Monday - Friday: 8:30-5:00

Support & Training:

Support and training is an option that can be arrange at the time of sale.

Miscellaneous

Reason For Selling:

I started this company 30 years ago and now that I'm in my 60's I am ready to retire.

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