Painting Company for Residential & Multi-Family Properties

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Pre-Qualified for SBA Loan with Multiple Lenders
Asking Price:
$2,250,000

Gross Revenue:
$2,649,378
Cash Flow:
$645,855
EBITDA:
$645,855
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This business has two distinct operations under the same roof. One side of the business focuses on multi-family properties, providing just about any and every renovation and repair service imaginable. The primary service is painting, but the business also provides carpet cleaning, resurfacing, flooring and cleaning services, to name a few. The other side of the business deals with residential real estate. These are typically investment properties that need major remodeling work in order to be ready for flipping or renting. The business has the capability to take on these major projects that can last for weeks. Overall, the revenue is split just about in half between the multi-family and residential work.

PLEASE NOTE: Financials shown are pacing for 2018.

About the Business

Number of Employees:
7
Facilities:
The 2,400 sq. ft. facility has about 1,100 sq. ft. of office space and the rest is warehouse. The business has always signed one-year leases at this location, with 10 months remaining on the current term. But the landlord will sign a longer-term lease if needed. Rent is $1,450/month.
Market Outlook/
Competition:
While there is a lot of competition in the DFW area for this type of work, there are three primary distinct reasons this business is poised for continued growth and success. First is simply the size of the DFW Metroplex market. Not only is this area already the fourth largest metropolitan area in the the U.S., but it's the fastest growing - meaning more people needing more housing options. Second, the business' operational efficiencies, like its supervisory team managing the jobs and its proprietary CRM software, mean that it can offer more overall benefit to its clients. Whether it's the ability to schedule jobs when the client needs them done, finishing jobs on time and on budget or doing the job right the first time, these efficiencies create happier customers and lower operating costs. Finally, the reputation this business has built coming up on a decade is impeccable. Clients love the service level and attention not detail, and they continue to send job after job to them.
Growth & Expansion:
Without making any significant changes to the business model, the owner believes the business will continue growing at a steady pace. However, if someone wanted to focus on more aggressive growth, the business is poised to move into more commercial work. The business does some commercial work now, but does not target it - that's definitely an area that could be a tremendous growth avenue.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The seller will provide whatever training is needed by the buyer to ensure a smooth transition.
Seller Financing:
Seller will carry note as part of SBA loan, if required

Listing Info

ID:
1560827
Ad Detail Views:
47

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Business Listed by

Jeremy Furtick

Sigma Mergers & Acquisitions

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Sponsoring Broker:

Scot Cockroft
Sigma Mergers & Acquisitions

U.S. Census Data for Tarrant County, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Tarrant County, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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