Here’s an interesting newspaper story about the risks of owning legal non-conforming billboards. A legal non-conforming billboard does not comply with existing zoning rules but has been grandfathered because it was constructed before the rules were put in place. Most zoning rules forbid you from replacing or repairing non-conforming boards so you […]
Billboard Business
Cracker Barrel a top billboard advertiser.
A recent article on the public restaurant chain Cracker Barrel says the company is a huge billboard advertiser. Cracker Barrel caters to travelers and billboards are great at reaching travelers. Here’s a direct quote from Cracker Barrel’s most recent 10-k: “Outdoor advertising (i.e. billboards and state department transportation signs) is the largest advertising […]
What businesses should use billboards?
What Businesses Benefit Most From Billboards Just read a blog post titled Billboards for Small Businesses: 7 Reasons To Think Twice. The post is skeptical about billboard advertising: billboards are expensive, they created unwanted calls from sales reps, they have a limited run and they can’t be personalized. The article […]
A Digital Billboard Home Run
I’m skeptical about digital signs due to the high upfront costs but here’s a real life success story from one of my clients. This one-sided 10X24 digital sign cost $135,000 to construct. It’s on a road leading to costco. The sign generates revenue of $4,560/month which works out to $570 […]
Proposal to cut ad expense deductibility rears head again
Congressional efforts to reduce the deductibility of advertising refuse to go away as this story in Adweek shows. If you own billboards or a radio station you should be concerned and prepared to contact your congressmen if this gets out of congressional committee.
Five Questions for Joe Stephenson of Circle City Outdoor
Joe Stephenson is an expert at selling billboard advertising. He has 24 years experience selling billboard ads for CBS Outdoor, Mobile Ads USA and Penn Advertising. Joe manages Circle City Outdoor, LLC the billboard company which I own. I highly recommend Joe from personal experience. He increased the revenue at […]
Discussion to limit deductibility of advertising will hurt billboard companies.
There is a move afoot in Congress to limit the tax deductibility of advertising. Here are articles from Ad Week and CommLawBlog. If enacted this will raise the cost of buying billboard advertising by 34% because your clients won’t be able to expense the purchase on their taxes. How many of your existing […]
What outdoor advertising deals are hard to finance
I’ve made lots of out-of-home advertising loans over the past 15 years but there are several portions of the industry I avoid, including: Loans to floating billboards. Loans to finance vehicles with billboards on them. Loans to finance gigantic advertisements on fields outside airports which are capable of being viewed […]
Five Questions for Frank Rolfe of outdoorbillboard.com
Franke Rolfe is a successful billboard entrepreneur and educator. From 1982 to1996 Frank built the largest privately owned billboard company in Dallas. Frank sold this company to Universal Outdoor (predecessor to Clear Channel) and subsequently owned a billboard company in Los Angeles which he successfully sold to Heywood Outdoor. Frank runs the […]
Five Questions for Paul Wright of SignValue, Inc.
SignValue, Inc. is the leading valuation and advisory firm in the country located in Mesa, Arizona. They operate the signvalue.com website listing dozens of billboards for sale around the United States. Paul Wright is an expert on trends in the billboard industry and a certified appraiser. His book Billboard Appraisal: The Valuation of Off-Premise Advertising Signs is a must read for […]