Growing, Profitable Commercial and Residential Painting Company

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Consistent profitability, good growth opportunities
Asking Price:
$925,000

Gross Revenue:
$2,140,186
Cash Flow:
$351,188
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$14,500
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
North Carolina
Year Established:
2003
Number of Employees:
4 FT/1 PT
Relocatable:
Yes
Franchise:
Yes
Facilities:
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).
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
To pursue consulting career.
Training/Support:
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.
Seller Financing:
$92,500 down/$46,250 for 120 mos. @ 8.25%/Other Financing.

Listing Info

ID:
1447248
Ad Detail Views:
1036

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Business Listed by

Ron Buck

Murphy Business & Financial Corporation

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