Commercial Painting & Coating Services

Not Disclosed, NA

Asking Price: Annual Revenue:
$7,500,000 $11,200,000

Services: Home Improvement, Repair, Painting

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RE: Commercial Painting & Coating Services Broker: Tonya Graham

Quick Facts

Asking Price: $7,500,000
Annual Revenue: $11,200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 25
BBN Listing #: 177549983
Broker Reference #: S-1411-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 2018, 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:

The Company has over two decades of experience providing exemplary painting and coating services to its well-established customer base. Since 2013, revenues have steadily increased for a cumulative growth of approximately 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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