Tri-County Profitable Commercial Painting Contract

Not Disclosed, FL
Broward County

Asking Price: Annual Revenue:
$1,900,000 $1,859,994

Services: Construction, Contractors

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RE: Tri-County Profitable Commercial Painting Contract Broker: Thomas Milana

Quick Facts

Asking Price: $1,900,000
Annual Revenue: $1,859,994
Net Profit: Not Disclosed
Cash Flow: $695,690
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 12
BBN Listing #: 7952630
Broker Reference #: 0101626947

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Business Overview:

This is one of the most profitable painting contractors on the market today, in South Florida. They specialize in painting and waterproofing offices, warehouses, hotels, retail outlets, medical and industrial facilities (no residential). The business has been established for over 20-years and they thrive on an excellent reputation for getting the job done, on time and within budget. There is a well-trained staff of W-2 employees in place, as the owner Does Not paint but rather manages the operation as a true professional. There are about 20-longstanding clients (property managers, developers, general contractors) in place with very limiting advertising or networking being done.
The business has 3-county licenses (Miami, Broward and Palm Beach) and derives about 1/3rd of its revenues from each >. Revenues have grown from about $740,000 in 2016 to more than $1.8MM in 2018 and with over $1.4MM in this year’s pipeline already the seller is projecting at least $2.1MM for 2019. The seller(s) is seeking to retire from the industry, however they would consider staying on as a salesperson or even undertake a majority recapitalization, to further grow the business beyond their current means. Seller/Bank financing may be available, and the business should qualify for an immigration visa. *All buyers must be pre-qualified prior to disclosure. Please refer to listing # 0101626947 Business Broker Thomas Milana when you inquiring about this listing.

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Property Features and Assets:

Lease/Month: $655; Square Footage: 1,000; Building Type: office/warehouse; Terms & Options: TBD; Expiration Date: 12/31/2020.

Market Competition and Expansion:

Non Compete : Miles: 75 Years: 3

Reason for Selling:

Retirement or majority Recap.

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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