90+ Employee Infrastructure Painting

Not Disclosed, NY


Asking Price: Annual Revenue:
$19,400,000 $25,281,685

Services: Construction, Contractors


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RE: 90+ Employee Infrastructure Painting Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $19,400,000 10% Buyer Down Payment: $1,940,000 15% Seller Financing: $2,910,000 75% Bank Loan: $14,550,000

Quick Facts

Asking Price: $19,400,000
Annual Revenue: $25,281,685
Net Profit: Not Disclosed
Cash Flow: $4,303,363
Total Debt: Not Disclosed
FF&E: $2,800,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 87
BBN Listing #: 484334398
Broker Reference #: CON067

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Business Overview:

Located in New York, this company specializes in painting large infrastructure projects as well as any site preparation associated with a job since 2005. Earning over $25,000,000 in 2018 alone, this company has a proven track record of successfully bidding and winning large contracts. With $2.8MM in assets including tools of the trade and company vehicles, all equipment is in place for continued success. The team of union foremen and painters work primarily for general contractors and maximize their awarded contracts through competitive bidding and strong professional relationships. Currently, this company has $2,800,000 in assets and $49,000,000 in work-in-progress with many secured, upcoming projects.

Operations are managed from the Ohio office and supplies are stored in a New York area warehouse. There are additional field offices for each large project where location-based staff report daily. The Ohio office is currently owned but is available for lease or possibly for purchase outside the sale of this business.

Both owners currently work within the business. One owner focuses on financial oversight and business management, while the other owner is the lead estimator and oversees field operations. Both owners are willing to remain on staff throughout the transition or beyond, as desired.

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Property Features and Assets:

Office: 2,000 square feet: 5 Offices, conference room; NY Warehouse: 5,000 square feet: Storage, office.

Market Competition and Expansion:

Manage utilization and profitability, increase team to increase capacity, increase local work contracts awarded.

Reason for Selling:

Divestment

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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