North End Painting Contractor With Strong Niche

Not Disclosed, WA
Snohomish County

North End


Asking Price: Annual Revenue:
$875,000 $1,765,781

Services: Home Improvement, Repair, Painting


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RE: North End Painting Contractor With Strong Niche Broker: Wes Martin
Owner Financing is Available!
Seller is willing to finance in order for Buyer to secure an SBA loan.

Quick Facts

Asking Price: $875,000
Annual Revenue: $1,765,781
Net Profit: Not Disclosed
Cash Flow: $275,704
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $485,000
Year Established: 1989
Employees: 19
BBN Listing #: 623032903
Broker Reference #: Not Disclosed

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Business Overview:

This business has been serving painting needs for the greater Seattle area and Eastside since 1989. They started as an apartment turnover painting company then expanded to residential and commercial interior repainting with some exterior repaints. The company has continued to grow into condo conversion work and larger apartment complex re-hab projects. Currently operates as a repaint company and is not involved in the new construction industry. The company believes in advertising and regularly purchases in ads in publications geared to the property management industry. All of company the trucks are well branded with the company name and phone number, and we have a large monument sign in front of the building as well as a website.

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Property Features and Assets:

The company operates out of a 2,100 Square Feet building with approximately 800 Square Feet of office space and 1,300 Square Feet of heated warehouse on a half acre with space to park the company trucks and employee cars during the day. The building is located on a busy arterial with street signage and has easy access to area freeways and gas stations. The seller owns the building and will lease to the buyer.

Market Competition and Expansion:

There are other painting contractors in the area, but each seem to have their own niche. There is plenty of work available for everyone. There are several ways to grow the business. A simple way would be to get involved in the new construction industry as a growth area and not trade the repaint business for new construction but use it for growth. There is also opportunity to grow with the existing clients by offering them other services in the construction business. Light carpentry and drywall services are two areas that are clients often ask us for that the seller does not provide.

Reason for Selling:

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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