Seller's Contact Information
- RE: Well Established Painting Contractor In Mountains
- Contact: Curtis Wray
- License #: IA.100049522
Quick Facts
Asking Price: | $750,000 | |
Annual Revenue: | $1,600,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $300,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1973 | |
Employees: | 3 | |
BBN Listing #: | 262910489 | |
Broker Reference #: | 4181-CW |
Business Overview:
Painting contracting business established approximately 50 years ago that sets the standard for other painting businesses to compare themselves to. Customers vary from the public to general contractors for various developments. Covid didn’t shut this business
down as it was considered an essential business. The last 3 years have produced an average increase in sales of 15% per year.
The huge selling point with this business is the owner and the foreman will stay with the new owner for an extended period depending on the buyer's requirements. With owner and foreman staying, this increases the value of the business.
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Market Competition and Expansion:
This business is located in an area of business condos and is surrounded by other construction trades (general contractors, flooring, electrical services, etc. Office/warehouse is 1500 square feet with an overhead service door in the rear for easy access. There is also additional storage over the office. Seller owns the office/warehouse and will lease the building for a period of time that is conducive to Buyers loan requirements.
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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