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BIZBITE

Billboard Leasing

Own the view, collect the rent

Bottom line

Strong cash-flow candidate with manageable operations.

Billboard owners lease advertising space to local and national businesses. A single billboard on a high-traffic road can generate $1,000-$4,000/month in rent. Digital billboards command even higher rates and can display multiple advertisers. Once installed, operating costs are minimal.

Acquisition score
Margin · multiple · SBA data
47Fair
Avg revenue
$60K/yr
$24K–$150K range
Profit margin
55%
~$33K SDE
Multiple
3–7×
of SDE
Est. buy price
$99K–$231K
startup: $50K–$500K

How It Works

You install or acquire billboard structures on owned or leased land along high-traffic roads. Advertisers pay monthly rent for the ad space. Traditional vinyl billboards are cheaper to build; digital billboards cost more but rotate multiple advertisers and command premium rates.

BizBite verdict

Watch / verify

Billboard Leasing has enough high-level data for a first look, but BizBite has not assigned a category-specific operating model yet. Treat the score as preliminary.

47Fair
medium data confidence · 52/100medium financing fit

Why it may work

  • +Attractive 55% estimated margin profile
  • +SBA dataset shows 2 recent comparable loans

Be careful

  • !Source link status has not been verified yet
  • !No last-checked date yet
  • !No category operating model yet
  • !Premium entry multiple

SBA 7(a) data

Real acquisitions in this category

Change-of-ownership loans · NAICS 541840 · Media Representatives

Deals tracked
5
2 in last 24 mo
Median loan
$540K
$518K–$850K p25–p75
Implied deal size
$635K
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal size distribution

<$150K
1
$150K–500K
0
$500K–1M
4
$1M–2M
0
>$2M
0

Financing profile

Median rate
8.75%
0% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
0%
of loans secured
Median jobs
10
supported per deal
Top lenders in this space
The Huntington National Bank2
United Community Bank1
Customers Bank1
American Riviera Bank1
Where deals happen
CO2
CA2
NC1

Recent comparable deals

ClosedStateLoanImplied deal
Jan 2026CO$75K$88K
Jan 2026CO$896K$1.1M
Oct 2021CA$540K$635K
Aug 2021CA$518K$609K
Jan 2020NC$850K$1M
Volume rank #532/544Deal-size rank #363/544p90 loan: $850KData as of Mar 2026

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Deal Calculator

Priced off $33K SDE — can this deal service its own debt?

1.48×
DSCR · Near the minimum
Purchase multiple — 5.0× SDE ($165K)
Category range: 3×–7× SDE
Down payment — 10% ($17K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 8.75%
SBA median for this category: 8.8%
Loan term — 10 years
SBA median for this category: 120 months
Purchase price
$165K
5.0× of $33K SDE
Cash to close
$21K
$17K down + ~3% closing
Debt service
$2K/mo
$22K/yr on $149K loan
Cash-on-cash
50%
cash back in ~25 mo
Debt service coverage · what the lender sees
1.48×+$889/mo after debt
At the 1.25× floor most lenders require — one soft quarter puts the loan under water.

SDE = revenue × margin estimate for this niche; it includes owner compensation, so budget your salary out of cash flow. Excludes working-capital injection, capex reserves, and taxes. Actual SBA terms vary by lender and borrower.

Pros

  • +Very low operating costs after initial installation
  • +Long-term advertiser contracts provide predictable revenue
  • +Digital billboards multiply revenue with multiple ad slots
  • +Hard to replicate — zoning laws limit new billboard permits

Cons

  • -Heavy regulation — many cities restrict new billboards
  • -Land lease costs can eat into margins
  • -Digital billboard installations can cost $250K-$500K+

Best For

Real estate-minded investors who want ad revenue without creating content

Operating Costs

Costs include land lease or property taxes, electricity for digital boards, vinyl printing for traditional boards, insurance, and occasional structural maintenance.

Where to Buy

BizBuySell

Find billboard and advertising businesses for sale

Flippa

Marketplace for various business acquisitions

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