Patented Sign Hanging System Business
The business manufactures tools and distributes supplies to install signs using a patented assembly system allowing quick installations and removals as well as a safe working operation. In business for over 20 years, the company holds multiple trademarks, and patents related to its product line. The company’s clients are various commercial establishments like supermarkets, dealerships, retailers, tradeshows, etc. Sales are almost exclusively through a small network of distributors in the US and Canada. The company also deals with supplies relating to artistic balloon services.
The company utilizes manufacturers in China for component parts that are assembled at their facility in Canada. The assembly facility currently comprises almost 6,000 square feet of main assembly floor and mezzanine areas. The business is not reliant on the location of the assembly facility and is relocatable. Revenue comes primarily from US sales (~70%), Canada (~15%), and Europe (~10%).
The unique products have material benefits to large retailers as well as other institutions that have ceiling sign requirements that can be changed quickly, with minimal labour requirements.
This business opportunity is ideal for an experienced salesperson or a sign installation service provider. The patented system is easy to use. The current owner is willing to provide training and transition as required to assure the ongoing success of the business. The contemplated transaction is to include all relevant trademarks and patents, and a normal amount of working capital to ensure ongoing continuous operations.