For Sale Sign Company At Risk of Collapse

November 14, 2008 No Comments »

for sale sign

It’s Friday, so why not…

A United Kingdom-based company that sells “for sale” signs is now at risk of collapse thanks to the ongoing mortgage crisis, according to the Mail Online.

While one could theoretically assume the sale of “for sale” signs would potentially rise as property owners scamper to unload their money-losing investments, quite the opposite seems to be true.

One of the largest distributors of such signs, Kremer Signs, said monthly turnover is off by around 5,000 “boards” compared to last year.

Kremer office manager Gary Gosney told the Mail Online that agents who formerly ordered 100 to 150 signs at a time are now ordering less than 30 on average.

Additionally, he noted that customers must pay for their orders upfront to prevent any unwanted surprises down the road if they happen to close shop by the time said order is fulfilled.

The number of properties that remain unsold after 90 days on the market has more than doubled while new listings have also dwindled, greatly reducing demand for related signage.

As a result, the company has been forced to shut one of its four operating plants and cut 25 employees.

So many unexpected consequences…

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