Very Profitable Painting Contractor, 50 Yrs. Young

Not Disclosed, NC

Triangle; Central NC

Asking Price: Annual Revenue:
$695,000 $973,376

Services: Construction, Contractors

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RE: Very Profitable Painting Contractor, 50 Yrs. Young Broker: Don Emmett
Owner Financing is Available!
$70,000 down/$69,500 over 84 months @ 9%/Other Financing.

Quick Facts

Asking Price: $695,000
Annual Revenue: $973,376
Net Profit: Not Disclosed
Cash Flow: $330,197
Total Debt: Not Disclosed
FF&E: $132,000
Real Estate: Not Disclosed
Year Established: 1968
Employees: 12
BBN Listing #: 13044955
Broker Reference #: 1310-17338

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Business Overview:

This very well-established (over five decades) business operates in an upscale Triangle marketplace. The Business is the “go-to” painter for the local hospital system and has a contract to deliver year-round service. With a strong reputation for quality, integrity, and service the company has a strong pipeline of work. Because of its Brand awareness in the market the company is able to pick and choose its projects.

The Company services Commercial, Residential, Academic, and Governmental clients providing painting services, as well as pressure washing, and window cleaning services.

The company has 11 employees/paint technicians that service the Triangle with 6 trucks.

The financials shown are based on the Last Twelve Months (LTM) through July 2022. Pre-qualified for lender financing with $70,000 down payment.

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Property Features and Assets:

Currently home-based and relocatable. Painting technicians take trucks home with them. Assets = $132,000

Market Competition and Expansion:

Competition is significant, but due to this company’s reputation and longevity, they currently have more work than they can handle. Like many companies today, the company’s growth is constrained by the company’s ability to find and retain qualified employees. Growth could be achieved by adding qualified employees. The company has recently expanded its services to do window cleaning and pressure washing.

Reason for Selling:

Retirement & Other Business Interests.

Additional Details:

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

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