Long-standing Painting Services Business
Not Disclosed, NJ Cumberland County
Located 40 miles from Philadelphia, PA
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- RE: Long-standing Painting Services Business
- Contact: Sam Domino
Quick Facts
| Asking Price: | $1,300,000 | |
| Annual Revenue: | $789,064 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $458,897 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 5 | |
| BBN Listing #: | 940443 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
The business is a family-owned and operated business that specializes in painting services for commercial properties. The company was founded in 2000 by the current owner, who had previously been working in his family’s Italian Market in Vineland, NJ. Realizing that he wanted to pursue a different path in life, he decided to start his own business and utilized his experience and knowledge of painting to launch the business.
Over the past 21 years, the business has built a solid reputation for quality workmanship, reliability, and exceptional customer service. With a focus on attention to detail and personalized service, the business has developed a loyal customer base and a strong presence in the local community.
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Property Features and Assets:
The owner of the business also owns the location where the business operates. The property is valued at approximately $350,000 and has been the subject of over $300,000 in improvements since its last assessment. The property spans 3.8 acres and includes a 3/1 home and a 2-car garage. The shop is 2,200 square feet with an additional 1,000 square feet space attached. In addition, there is a 2,800 square feet storage building separated with 8 separate garage doors.
The owner is willing to lease out the property to the new owners and/or sell the property at a negotiated price separate from the business price.
Market Competition and Expansion:
The business operates in a competitive market, with larger painting businesses being its main competitors in the painting services industry. However, the business is able to differentiate itself from its competitors by offering a range of specialized services that sets it apart from the competition.
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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