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This is a sign manufacturing company offering wooden and metal signs, banners, site monument and directional signs primarily serving the home building and real estate development industries. No electrical signs are manufactured. Sales remain strong even in this weak economy. In fact, because they have cut expenses in non-vital areas, profits are actually increasing. There are two partners working in the business. However, it is thought only one is required to run the business. Nevertheless, we have deducted $100,000 per year from the owner's discretionary earnings to compensate for the replacement of the present owner's. Therefore, the resulting ODE of $392,604 which is the 1st 6 months of 2009 annualized is a reasonable 3.8 multiple of (EBITDA) owner's discretionary earnings after reasonable owner's compensation. Info by appointment.
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