Asking Price: $925,000 Gross Revenue: $2,140,186Cash Flow: $351,188 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $14,500 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Excellent opportunity to purchase a well-established, branded commercial and residential painting business. Revenue up 25% over last year. Company has served local community for over fifteen years and has a well-developed training, marketing, and support program. New owner will purchase turnkey, highly transferable operation. Acquisition includes experienced staff and contractors, along with proven sales and marketing strategies and a solid referral business from longstanding presence and reputation. Company focuses on repeat customers and recurring maintenance business and is not dependent on new construction. Owner's role is executive manager, no painting experience required. Limited inventory, vehicles, and/or equipment required.
About the Business
Number of Employees:
4 FT/1 PT
The Company operates out of a 1,150 sq ft multi-tenant business park that is conveniently located near the interstate. The building is being offered for sale ($79,000) or for lease ($7,900/year NNN).
The commercial and residential painting market is highly fragmented. The owner estimates that no one provider has more than a 5% market share in the area. According to IBISWorld, the franchise painting industry segment has an estimated annual revenue of $1 billion and is expected to grow annually at 6%.
Growth & Expansion:
Significant opportunity to continue to grow the commercial contracting side of the business, up 75% over last two years. Territory size is almost double currently offered territories, giving new owner plenty of desirable households and businesses to target.
Will train for 4 weeks @ no cost. The Company provides commercial and residential painting services, along with pressure washing services. A license is not required, although the Company is currently certified to perform lead paint remediation work.
$92,500 down/$46,250 for 120 mos. @ 8.25%/Other Financing.
Growing, Profitable Commercial and Residential Painting Company
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