What should I do in the first months after buying a sign shop?
Start with the work already promised. Finish the inherited install backlog, meet the contractor and repeat accounts, ride along with the installers, check the vehicles and lift equipment in use, and confirm your material supplier accounts. Ask your lawyer or the local permit office about any approvals that affect signs.
A sign shop is a mix of design, fabrication and installation, and the sale does not pause any of it. Customers have deposits paid, installers have routes booked and suppliers have standing accounts. The first months go best when you treat the existing commitments as your first job, learn how the shop really works, and only then decide what to change.
Clear the inherited backlog
Go through every open job with whoever scheduled the work: what was promised, what has been paid, what is waiting on artwork or materials. Rank the jobs by promised date and call any customer whose date is at risk before they call you. Finish the backlog and keep customers told about delivery dates.
Meet contractor and repeat accounts
Ask which customers, such as contractors, property managers or franchise locations, send repeat work. Introduce yourself in person if you can. Ask what they like about the shop, what slows them down and who at the shop they trust. Note any informal arrangements about timing or pricing, and ask the previous owner to explain them before they step back.
Ride along and inspect the field gear
Spend a few days with the installers. You will learn how long jobs really take, how the crew handles access problems and what the customers see. Look at the vehicles, lift equipment and tools in daily use, and ask for their service and inspection records. Ask a lawyer or the local permit office about any approval a particular sign needs, rather than assuming, and review the pre-purchase checks.
Confirm suppliers and keep things steady
Confirm that your vinyl, substrate and lighting suppliers have you on file as the new owner and ask about lead times. Then hold your pricing and process steady for a full cycle of work before you change either.
Related reading
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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