Tri-County Profitable Commercial Painting Contractor

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Asking Price:
$1,900,000

Gross Revenue:
$1,859,994
Cash Flow:
$695,690
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$80,000
included in asking price

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Business Description

This is one of the most profitable painting contractors on the market today, in South Florida. They specialize in painting and waterproofing offices, warehouses, hotels, retail outlets, medical and industrial facilities (no residential). The business has been established for over 20-years and they thrive on an excellent reputation for getting the job done, on time and within budget. There is a well-trained staff of W-2 employees in place, as the owner Does Not paint but rather manages the operation as a true professional. There are about 20-longstanding clients (property managers, developers, general contractors) in place with very limiting advertising or networking being done.
The business has 3-county licenses (Miami, Broward and Palm Beach) and derives about 1/3rd of its revenues from each >. Revenues have grown from about $740k in 2016 to more than $1.8MM in 2018 and with over $1.4MM in this year’s pipeline already the seller is projecting at least $2.1MM for 2019. The seller(s) is seeking to retire from the industry, however they would consider staying on as a salesperson or even undertake a majority recapitalization, to further grow the business beyond their current means. Seller/Bank financing may be available, and the business should qualify for an immigration visa. *All buyers must be pre-qualified prior to disclosure. Please refer to listing # 0101626947 Business Broker Thomas Milana when you inquiring about this listing.

About the Business

Location:
Ldhl, Florida
Year Established:
1996
Number of Employees:
12
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$655.00 Per Month
Lease Expiration:
12/31/2020
Facilities:
Lease/Month: 655 Square Footage: 1000 Building Type: office/warehouse
Terms & Options: TBD Expiration Date: 12/31/2020
Market Outlook/
Competition:
Non Compete : Miles: 75 Years: 3
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About the Sale

Reason For Selling:
Retirement or majority Recap
Training/Support:
For 4 weeks at no cost

Listing Info

ID:
1631874
Ad Detail Views:
0

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Business Listed by

Thomas Milana

Transworld Business Brokers, LLC.
License# BK3199254

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Sponsoring Broker:

Andrew Cagnetta
Transworld Business Brokers, LLC.
License# 6021776

U.S. Census Data for Broward County, FL
Age

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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 Broward County, FL
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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