Industrial Painting With Municipal Clients

Business Overview:

Established 20 years ago, this industrial painting company receives approximately 40 projects a year. They work on municipal and infrastructure projects such as large bridges, tunnels and transit stations, where they provide painting services (70%) and installation of shields and platforms designed for safety (30%). Spanning over several states including New Jersey, Delaware, Ohio, Pennsylvania, and Michigan with 90% of their work completed in New York. They employ a well-trained leadership team including 2 Estimators, 3 Project Managers, 5 Foreman, 2 Office Administrators, who help to oversee the 50+ laborers. The labor crews are from the union, which ensures a skilled work force. Operating from a 2,000-square-foot facility, the company’s central office in NYC serves as the hub for administrative functions, project bidding, and coordination of day-to-day operations; the office employees are based at this location. The deal includes a working capital of $1,085,000 plus vehicles and equipment valued close to $1.4 million. Priced at $17,000,000, this opportunity represents a turnkey operation with established systems, a loyal client base, and a reputation for quality and reliability in industrial painting and access solutions. The owners have offered to carry 15% of the purchase and have committed to supporting a smooth transition, offering a period of one to two years to facilitate knowledge transfer and maintain business momentum.

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Property Features and Assets:

Assets Included in Purchase: $2,474,290

Market Competition and Expansion:

Growth Opportunities: Privately owned buildings for outdoor painting

Reason for Selling:

Retirement planning. Kindly ask the seller for more information.

Additional Details:

Documents:

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