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Business For Sale
PROFESSIONAL PAINTING FRANCHISE OPPORTUNITY
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Asking Price: |
$190,000
USD USA Dollars
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Business for Sale Industry: |
Services: Repair, Home Improvement, Painting
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Year Established:
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2007 |
Business for Sale Overview:
This Sioux Falls area business began operating in 2007 and has been rapidly built to profitability utilizing one of today’s most successful models for marketing & management. The franchise is among the largest painting franchise companies in North America with over 330 franchise owners in the US and Canada and one of the largest international franchise networks in the world. The business offers interior, exterior and specialty painting services that compliment the lives and lifestyles of their customer. As a result, this franchise has a 98% customer referral rating making them North America's most referred painting company.
The operator of this local franchise has invested nearly $100,000 in total utilization of the corporate-defined marketing program: direct mail campaigns, active sign, door hanger, and active cold calling campaigns, logoed & wrapped vehicles, Sioux Falls Chamber of Commerce, Sioux Falls Home Builders Association, Yellow pages, DEX business directory, Better Business Bureau and active participation in Business Networking International & local Sioux Falls leads generation groups. This combination has lead to a proven track record of success and continues to fuel tremendous growth. In 2008 the seller made significant changes by; converting employees to sub-contractors paying them a set % of the job bid; plus bonuses for quality, timeliness, “Customer Satisfaction” and personal inspections resulting in a 40% productivity gain, and by operating the business from home reducing overhead by nearly $50,000 annually. This company is in an excellent position for a successful transfer, with owner working through the transition period with a new owner.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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