Commercial & Residential Painting Company

Not Disclosed, NY

Southern New York


Asking Price: Annual Revenue:
$1,600,000 $1,015,000

Services: Home Improvement, Repair, Painting


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RE: Commercial & Residential Painting Company Broker: Tonya Graham

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $1,015,000
Net Profit: Not Disclosed
Cash Flow: $625,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: 4
BBN Listing #: 692649983
Broker Reference #: S-1946-G

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Business Overview:

The Company is a full-service painting company serving primarily commercial and some residential clients in New York and Northern New Jersey. Approximately 90% of revenue is generated through repeat business with many of the largest customers using the Company’s services for more than 25 years. The Company has developed a special niche with building contractors, educational facilities, and senior care facilities. It also receives a high volume of work from homeowners in its immediate geography. It provides services for both new construction and regular maintenance of existing buildings, with the latter being the more prominent type of work completed.

Founded more than three decades ago, the Company has been very profitable with little to no investment in marketing, sales, or technology. Management runs a very lean operation, with 4 full-time employees, minimal capital expenditures, and zero debt. This acquisition opportunity is ideal for a strategic acquirer looking to expand its geographic footprint into New York and Northern New Jersey while inheriting a long-tenured, loyal customer base. The opportunity is also ideal for an entrepreneurial individual looking for a stable and profitable operation with low capital expenditure requirements to expand over a number of years.

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Property Features and Assets:

Home office in Southern New York.

Market Competition and Expansion:

The Company faces minimal local or regional competition, and has kept a 95% customer retention rate through its history, without ever losing a significant client. These strong customer relationships have led to steady, predictable revenue streams. Its second largest customer is an educational facility that plans on constructing new and renovating existing buildings in the coming years, creating a heighted demand for the Company’s services. The Company provides reliable and consistent performance with high customer satisfaction. The Company has remained cash positive, profitable, and highly referred by existing clients without any significant effort to expand their workforce, salesforce, technological capabilities, or client base. By accomplishing any one of the aforementioned initiatives, an Acquirer has the opportunity to grow the business significantly with minimal recurring capital investment by utilizing existing customer relationships and service standards. Other potential avenues for expansion identified by management include an increased online presence via a website and Google ads, geographic expansion, and an increased volume of public works projects.

Reason for Selling:

Retirement

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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