Growing, Profitable Residential Painting Company

Not Disclosed, GA

North Metro Atlanta


Asking Price: Annual Revenue:
$495,000 $1,311,165

Services: Home Improvement, Repair, Painting


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RE: Growing, Profitable Residential Painting Company Broker: Jeff Merry
License #: 242824

Quick Facts

Asking Price: $495,000
Annual Revenue: $1,311,165
Net Profit: Not Disclosed
Cash Flow: $210,811
Total Debt: Not Disclosed
FF&E: $11,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 2
BBN Listing #: 515228642
Broker Reference #: TBH551

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Business Overview:

Excellent opportunity to purchase a professional painting company experienced in both interior and exterior painting - Relocatable! The company also provides light carpentry work. The client base is approximately 90-95% residential homes and 5-10% new construction custom homes. Interior services include painting, light carpentry, sheet-rock touch-up, popcorn removal, staining, wallpaper removal, and cabinetry painting. Exterior services are listed as painting, staining, pressure washing, light carpentry, and repair of damaged wood. In general, the services consist of 60% exterior painting, 30% interior painting, and 10% pressure washing and miscellaneous.
The company serves the area north of Atlanta from Cartersville to Dahlonega and extending south towards the Atlanta perimeter. The counties of Pickens, Cherokee, and Forsyth represent 80% of the clientele.

The owner manages the day-to-day operations of the company. The business employs a full-time sales/crew supervisor, and runs 6-8 crews that average 2-4 subcontractors per crew depending on the job.
Key company highlights:

Marketing – Due to the positive reputation in the industry, this company thrives on word of mouth (40% of revenues). They also utilize Home Depot’s Pro referral system and pay referral fees to select industry professions (real estate professionals, handymen, contractors, property managers - 60% of revenues).

Opportunity for expansion – There exists an immediate opportunity to boost revenues by increasing the number of referral partners to further the business base and using the existing customer base to promote new services such as gutters, flooring, and handyman services.
• Perpetual Business - The Company boasts an average 2 to 3 weeks backlog of jobs!

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Property Features and Assets:

The purchase includes two company vehicles valued at $11,000. The administrative portion of the business is operated from the owner’s home.

Reason for Selling:

Retirement

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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