Cabinet Painting and Refinishing Company

Not Disclosed, WA

Puget Sound area

Asking Price: Annual Revenue:
$225,000 $399,196

Services: Construction, Contractors

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RE: Cabinet Painting and Refinishing Company Broker: Aaron Muller

Quick Facts

Asking Price: $225,000
Annual Revenue: $399,196
Net Profit: Not Disclosed
Cash Flow: $80,558
Total Debt: Not Disclosed
FF&E: $34,603
Real Estate: Not Disclosed
Year Established: 2014
Employees: 3
BBN Listing #: 975530494
Broker Reference #: ahmpaint

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Business Overview:

Established in 2014, this is a non-franchise, well-systemized business that specializes in painting and refinishing kitchen and bathroom cabinets. Whether it’s getting a house ready for sale or the homeowners doing a kitchen and bathroom remodel, giving the existing cabinets a brand new look is much more cost-effective and eco-friendly than replacing all the cabinets. As a specialty painting contractor that only paints kitchen and bathroom cabinets, the company has in-depth knowledge on how to make cabinets look good and works with interior designers to transform the kitchen with a “wow factor”. The company has three full-time painters. The owner works full-time in the business; about half of the owner’s time is spent on sales and general management, and half of it is spent painting cabinets. Due to health issues, the owner is selling the business. This is a wonderful opportunity to take over a simple, well-established, and niche business and grow it to the next level.

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Property Features and Assets:

The business is home-based so the buyer will need to relocate the business. The business can be run from anywhere in the Puget Sound area. Three company vans outfitted with all the equipment are included in the sale.

Market Competition and Expansion:

Over the years, the company has developed a proprietary process that allows the job to be completed much faster with much less interruption to the homeowners’ use of the kitchen compared to what is offered by the typical painting contractor. The result is a much higher customer satisfaction rate and lots of five-star reviews. Business has picked up tremendously in 2021 and the company is currently doing 7 to 8 jobs per month with an average of $8,000 per sale. Doing the math, revenues are expected to be much higher in 2021 compared to the revenues in 2020. The owner cannot keep up due to health issues. A new owner with fresh energy can take over the flow of business that is coming in, focus on marketing, and grow the business to the next level.

Reason for Selling:

Health issues forcing the owner to sell.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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