Industrial Painting & Site Preparation

Not Disclosed, NY


Asking Price: Annual Revenue:
$18,250,000 $27,577,085

Services: Construction, Contractors


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RE: Industrial Painting & Site Preparation Broker: Seller of Business
Owner Financing is Available!
Purchase Price: $18,250,000 15% Buyer Down Payment: $2,737,500 15% Seller Financing or Equity Roll: $2,737,500 70% Bank Loan: $12,775,000 A down payment of $2,737,500 returns $1,324,749 in the first year after debt payments!

Quick Facts

Asking Price: $18,250,000
Annual Revenue: $27,577,085
Net Profit: Not Disclosed
Cash Flow: $3,860,792
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 805134398
Broker Reference #: CON067

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Business Overview:

Located in Ohio and 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 $2,798,000 in assets and $47,000,000 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:

Equipment: $2,166,000: Painting supplies, safety equipment, rigging, tools, office equipment Vehicles: $680,000: Trucks, trailers Work in Progress: $47,000,000 Intangible Assets: Positive reputation for completing large-scale projects.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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