Over 40 Year Old Painting and Remodeling Company

Not Disclosed, KY

Asking Price: Annual Revenue:
$1,200,000 $1,774,398

Services: Construction, Contractors

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RE: Over 40 Year Old Painting and Remodeling Company Broker: Phil Eleson

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,774,398
Net Profit: Not Disclosed
Cash Flow: $441,434
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 11
BBN Listing #: 24394955
Broker Reference #: 1902-16832

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Business Overview:

This locally owned and operated painting and remodeling contractor has served the Louisville and Southern Indiana area for more than 40 years. The strong reputation and brand awareness in the community means that the company enjoys a great pipeline of jobs.

More than 70% of the Company’s revenue is generated through painting projects. The majority of these jobs are interior and exterior residential painting in Louisville and the surrounding areas. The company is fully insured and has a strong referral network. Potential customers are offered free detailed estimates for all projects. The company also offers a wide range of remodeling services.

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Property Features and Assets:

The company currently operates out of a 1,134 Sq Ft office and 1,200 sq ft garage that is also owned by the seller. If the buyer wants to keep the location, the seller is offering a $2,500/month Gross lease for the property. The property is also available to purchase at an asking price of $600,000. Assets = $90,000.

Market Competition and Expansion:

The potential for growth is there for a new owner who is motivated to add additional crews. The services are in high demand and coupled with the reputation of the company, there is always a significant backlog of work.

Reason for Selling:

Other Business Interests.

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.

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