Commercial and Industrial Painting Contractor

Not Disclosed, VA
Harrisonburg City County

Asking Price: Annual Revenue:
$750,000 $1,269,979

Services: Home Improvement, Repair, Painting

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RE: Commercial and Industrial Painting Contractor Broker: Richard Halterman

Quick Facts

Asking Price: $750,000
Annual Revenue: $1,269,979
Net Profit: Not Disclosed
Cash Flow: $345,274
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1950
Employees: 9
BBN Listing #: 72614955
Broker Reference #: 2003-15136

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Business Overview:

This is a family business that was started nearly 70 years ago and has been successful as a result of rendering quality work and having satisfied customers.

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Property Features and Assets:

The business occupies a portion of a commercial space along with a few other businesses. There is ample space for all of their needs and the business could expand a great deal before additional space would be needed. The building is also owned by the same owners and is available for purchase if desired. Assets=$750,000

Market Competition and Expansion:

The long and rich history of the Company has allowed them to be a recognized force in the Shenandoah Valley and beyond. This healthy and steady growth was a function of their primary goal of doing quality work for a fair price and taking on the jobs that most others past by. There are very few contractors that provide the same level of services as those provided by this business. As has been mentioned, their focus is on the larger jobs industrial and commercial grade work. By doing so the do not run head to head with many of the residential contractors. According to IBIS world - The Painters industry is expected to continue expanding over the five years to 2024, albeit at a more-modest pace than the previous five-year period. A healthy expansion in the housing market, along with increased activity in the nonresidential construction market, will likely drive steady growth during the five-year period. Overall economic growth will help the commercial construction and industrial markets regain strength, boosting the need for painters for retail and office buildings. Demand for industry services will also increase at industrial facilities, which require resistant coatings for industrial tanks and surfaces. With downstream markets expected to experience subdued growth compared with the past five years, industry revenue is expected to grow at an annualized rate of 1.4% to reach $46.3 billion over the five years to 2024. This slowdown reflects the housing market’s aggregate stabilization after ballooning over the five years to 2019.

Reason for Selling:

Age and 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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