CCB painting contractor w/$120k PPP Forgiveness

Not Disclosed, OR
Lane County


Asking Price: Annual Revenue:
$473,000 $453,382

Services: Home Improvement, Repair, Painting


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RE: CCB painting contractor w/$120k PPP Forgiveness Broker: Raymond P Dowd
License #: 01890916

Quick Facts

Asking Price: $473,000
Annual Revenue: $453,382
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1981
Employees: 6
BBN Listing #: 7345931
Broker Reference #: EG10571

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Business Overview:

30+ years at the top of the residential and commercial painting market with lead certifications, competent and reliable crew, well-maintained trucks, and equipment with available real property in this once in 30-year opportunity to acquire a well-known brand known for the highest quality. Excellent add-on for an existing contractor looking for a huge local established base of satisfied customers to offer new services to and a complete crew capable of performing any work that is bid. A younger workforce with specialty knowledge makes this an excellent acquisition for a general contractor with an aging crew. $473,000 price includes $291k asset value for all vehicles and equipment in addition to durable cash flow. A 2bd/1ba 752sf house on Industrial Improved zoned .52 acres is available for $375,000 (taxes are ~$1400 per year). COVID drastically reduced the 2020 interior painting income usually performed in the winter months however, the company is experiencing a rebound with an apartment complex and a pipeline into the Summer of 2022. EG10571

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Property Features and Assets:

Real Estate available, notincluded in the purchase price, Inventory $2,000, Hours Monday thru Friday from 8 am to 4 pm; 752 square feet.

Reason for Selling:

Retirement

Additional Details:

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

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