Business Overview:
This construction management company offers professional interior painting and tiling services for luxury commercial/residential buildings located in Brooklyn, NY and Essex County, NJ. There is no painting or tiling experience required to operate this business.
The owner does not bid on jobs and their are no estimates as this company is the exclusive painter/tiler for 5 luxury buildings. The present owner pays professional subcontractors while only working 8 to 16 hours a week managing this business. In 2011, the business surpassed $330,000 in revenue and over $120,000 in cash flow ($310K Rev & $100K cash flow in 2010). One of the main reasons for this growth is that New York and New Jersey state law mandates that each unit (rented or owned) must be serviced each time a tenant moves out. This law and the outstanding service this company provides is why this business is recession proof and has grown in these tough economic times.
This is a great opportunity for an existing GC to expand its services, or for an entrepreneur who would like to control his or her own destiny. The current owner also has a Regus Office relationship in place that has not been utilized.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
New buyer/company could work from home or lease an office that is convenient to them. Van, equipment, clients, business name, etc. would transfer to new business owner/company (everything except personal items). Owns one van.
Market Competition and Expansion:
Their competition is in northern New Jersey and Brooklyn, NY with other painting and tiling contractors/management companies . Owner will discuss the competition personally with the buyer. All his painters and tile setters can be left alone in luxury buildings and homes, which gives great comfort to their clients and especially to the present business owner. There is a tremendous amount of growth potential for a new buyer as this company has received a large positive response from servicing their existing clients. Expanding would be very easy as their current clients know other potential clients. The supers also know other supers, etc. Residential is proven and an existing relationship with Regus Global office space is already in place for the new buyer to utilize. A new buyer could easily expand into the residential market as this company already has a large revenue base of $330,000. Thus, they order large quantities of paint/material and receive the best prices. This allows them to be highly competitive in residential properties and can paint a house much cheaper than their competition.
Reason for Selling:
Focusing on main business.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: