premium painting and finishing

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Motivated seller

Business Description

Premium painting for sale by owner
Exclusive and distinct custom projects a unique opportunity to acquire a high end niche painting company . The company is positioned to grow substantially with new ownership, motivation and fresh financing or simply be enjoyed as a solid source of revenue and maintain its current market.

About the Business

Location:
Littleton, Colorado
Year Established:
2010
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
3,100
Rent:
$1.10 Per Month
Facilities:
3100 sf shop, waterborne finishing setup, 5 vehicle fleet, management app, 2 offices, showroom, delivery bays, 3 spray areas, sample room, sprayers, tools and all the needs, small wood shop
Market Outlook/
Competition:
The market in the denver metro area has been on a upward growth climb. only a few contractors offering competition at present
"After putting in a stronger than expected performance this year, Colorado’s economy will continue to plow ahead in 2019...The current expansion is on track to track to become the longest in U.S. history. denver post
Growth & Expansion:
2018 was the best year gross for company
the company has been on 3 year growth cycles. The contracts currently under negotiation along with the movement to the area, investment strength and stability specifically of the high end market is substantial. This company along with the correct new owner management skill set and investment could easily gross 1-2 million each of the next 3 to 5 years.
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About the Sale

Reason For Selling:
Current owner looking for ways to grow the business and pay off debts
Training/Support:
Current owner/manager to stay on workforce at reduced rate for point of contact and sales along with field management as needed
Seller Financing:
minimum 50% deposit, balance term 3 years with negotiated interest

Listing Info

ID:
1435131
Ad Detail Views:
0

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Asking Price:
$290,000

Gross Revenue:
$858,000
Cash Flow:
$120,000
EBITDA:
$110,000
Inventory:
$10,000
included in asking price

FF&E:
$120,000
included in asking price

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Business Listed by
H.A.Mullikin

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