Profitable Comm. & Residential Painting Company

Not Disclosed, NC

Asking Price: Annual Revenue:
$925,000 $2,140,186

Services: Construction, Contractors

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RE: Profitable Comm. & Residential Painting Company Broker: Ron Buck
Owner Financing is Available!
$92,500 down/$46,250 for 120 mos. @ 8.25%/Other Financing

Quick Facts

Asking Price: $925,000
Annual Revenue: $2,140,186
Net Profit: Not Disclosed
Cash Flow: $351,188
Total Debt: Not Disclosed
FF&E: $14,500
Real Estate: Not Disclosed
Year Established: 2003
Employees: 4
BBN Listing #: 50464955
Broker Reference #: 1308-13612

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Business Overview:

Excellent opportunity to purchase a well-established, branded commercial and residential painting business. Revenue up 25% over last year. Company has served local community for over fifteen years and has a well-developed training, marketing, and support program. New owner will purchase turnkey, highly transferable operation. Acquisition includes experienced staff and contractors, along with proven sales and marketing strategies and a solid referral business from longstanding presence and reputation. Company focuses on repeat customers and recurring maintenance business and is not dependent on new construction. Owner's role is executive manager, no painting experience required. Limited inventory, vehicles, and/or equipment required.

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Property Features and Assets:

The Company operates out of a 1,150 sq ft multi-tenant business park that is conveniently located near the interstate. The building is being offered for sale ($79,000) or for lease ($7,900/year NNN). Assets = $14,500

Market Competition and Expansion:

The commercial and residential painting market is highly fragmented. The owner estimates that no one provider has more than a 5% market share in the area. According to IBISWorld, the franchise painting industry segment has an estimated annual revenue of $1 billion and is expected to grow annually at 6%. Significant opportunity to continue to grow the commercial contracting side of the business, up 75% over last two years. Territory size is almost double currently offered territories, giving new owner plenty of desirable households and businesses to target.

Reason for Selling:

To pursue consulting career.

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 a franchise resale opportunity.

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