Profitable Richmond Painting Contractor - Absentee Owner, Class A
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18+ year-old profitable painting company in Richmond, VA averaging ~$2M in sales and ~$350K SDE the last two years. The owner is retiring and has relocated out of state with the mgmt team running the day-to-day.
~70% of sales come from commercial jobs, with the balance being the growing residential business. He's reduced his reliance on subcontractors the last few years which has increased gross profits.
23 W2 employees: full estimating and sales team, two crew leaders, 16 in-house painters across four crews. Six-vehicle fleet, commercial-grade Graco sprayers, pressure washers, ladders, etc. 4.9-star Google rating. Documented SOPs and a professional owner.
~70% of sales come from commercial jobs, with the balance being the growing residential business. He's reduced his reliance on subcontractors the last few years which has increased gross profits.
23 W2 employees: full estimating and sales team, two crew leaders, 16 in-house painters across four crews. Six-vehicle fleet, commercial-grade Graco sprayers, pressure washers, ladders, etc. 4.9-star Google rating. Documented SOPs and a professional owner.
About the Business
- Years in Operation
- 19
- Employees
- 23 Full-time
Use subs on some commercial projects, but working to reduce reliance and improve - Facilities & Assets
- The Company operates from a 690-square-foot office suite at 3536 Grove Avenue, Suite D, Richmond, Virginia 23221. The space serves as the administrative headquarters for estimating, project management, scheduling, and sales coordination. Field crews operate from job sites and do not require a warehouse or shop facility.
- Market Outlook / Competition
- The Richmond, Virginia metro area (population approximately 1.3 million) benefits from steady
population growth, a diversified economic base, and a large installed base of aging residential and
commercial properties requiring maintenance and repainting. - Opportunities for Growth
- Continue scaling the recurring commercial business or build out the higher margin residential business.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 700
- Rent
- $1,250.00 per month
- Lease Expiration
- 11/30/2029
About the Sale
- Seller Motivation
- Retiring / relocated out of state
- Transition Support
- While the owner has relocated out of state, he has rentals that he can stay at in the area. He'd like to be as involved in the transition as the new owner wants. He cares for his people and customers, and he'll do whatever is needed to make sure everyone's happy.
Listing Info
- ID
- 2501204
- Listing Views
- 11
Attached DocumentsAttachment Disclaimer
Listing ID: 2501204 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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