Business For Sale

Commercial Painting & Coating Services

Not Disclosed, NJ


Asking Price: Annual Revenue:
$7,500,000 $11,400,000

Services: Home Improvement, Repair, Painting


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RE: Commercial Painting & Coating Services Broker: La'Teya Tennet

Quick Facts

Asking Price: $7,500,000
Annual Revenue: $11,400,000
Net Profit: Not Disclosed
Cash Flow: $1,700,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 25
BBN Listing #: 240249983
Broker Reference #: S-1298-R

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Business Overview:

The Company is a full-service provider of interior and exterior painting and coating services. It has established a well-known reputation in the Greater New York Metropolitan area for its dedication to unparalleled quality and service, and developed a reliable network of both employee and outsourced skilled painters to ensure all completed projects meet its quality standards.

As a full-service provider, the Company offers a wide array of services to accommodate its clients’ needs. Core services include interior and exterior painting for both new construction and maintenance work, roof and floor coatings, and waterproofing. It collaborates with developers and owners to assist in the value engineering process. In 2017, approximately 40% of its annual revenue is attributable to recurring revenue generated from maintenance contracts with real estate management companies serving office buildings, rental apartment buildings, co-ops and condominiums, and other commercial facilities. The remaining 60% is commercial work obtained from qualified bids from ongoing relationships with developers, owners, and management companies.

There are approximately 75 active clients comprised primarily of property management companies, general contractors, and developers of commercial and industrial facilities. The customer base includes large public companies and Fortune 500 companies. The Company’s service area is concentrated in New York and New Jersey.

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Property Features and Assets:

The Company is in a two floor, 2,500 square feet building in the Greater New York Metropolitan area.

Market Competition and Expansion:

As a full-service provider, the Company offers a wide array of services to accommodate its clients’ needs. It has developed a strong reputation across various markets which has contributed to the diversification of its loyal customer base. Maintaining high-quality workmanship and developing word-of-mouth referrals have strengthened its customer base and driven the Company’s growth. The Company has over two decades of experience providing exemplary painting and coating services to its well-established customer base. Revenues have increased in each of the last five fiscal years for a cumulative growth exceeding 70%. Management maintains an optimistic outlook for the coming years as several expansion opportunities have been identified that the Company will seek to capitalize on in order to continue its growth trend.

Reason for Selling:

Succession Planning/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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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