WILMINGTON, North Carolina
| Asking Price |
$1,375,000 |
Year Established |
2021 |
|
| Annual Revenue |
$2,027,535 |
Reason for Selling |
Seller is entering retirement. |
|
| Annual P/L |
$0 |
Attention |
Buyer Services |
|
| Annual Cash Flow |
$442,658 |
Listing Number |
1019537 |
|
| # of Employees |
1 |
Business Category |
Services: Home Improvement, Repair, Painting |
|
Business Overview:
Take over a painting business already running on subcontractor crews and a proven operations director, with no owner needed on the brushes.
This home-based residential and commercial painting franchise in North Carolina has been operating since 2021 and built a reputation on systems and quality. The operations director manages projects start to finish, and the work runs through loyal subcontractor crews the business has used for years. Nearly half of its business now comes from repeat clients and past-customer referrals, with zero outstanding accounts receivable. The company covers 2 contiguous territories run as one, inside one of the fastest-growing coastal markets in the country.
Highlights include:
- Operations director runs daily work; owner role easily replaced
- Subcontractor labor model keeps fixed overhead low
- 2 contiguous territories across greater Wilmington
- Repeat and referral demand compounding as the business grows
- Coastal climate drives ongoing exterior maintenance need
This may suit a semi-absentee investor, an existing painting or home-services operator expanding into a growth market, or a local entrepreneur ready to build on a turnkey operating foundation.
Property Features and Assets:
<p>The business operates on a home-based, low-overhead model with no retail lease or buildout to maintain. Owned equipment, vehicles, and fixtures transfer with the sale, and the asset package supports the existing crews in the field. Work is delivered through established subcontractor teams rather than a fixed in-house labor force, which keeps standing costs low. Estimating, CRM, client communication, and reporting all run on the franchisor's proprietary software platform, which transfers to a new owner at closing. A modest level of job-specific supplies is purchased as projects are booked, so there is no sellable inventory to carry.</p>
Market Competition and Expansion:
<p>2 clear levers stand ready for a new owner. First, the company has focused almost entirely on residential repainting and has not marketed to new construction, commercial, or property management segments; a documented commercial strategy plan already exists but has not been executed. Second, open territories surround the current footprint, offering room to expand boundaries within the same brand. Beyond that, a new owner could deepen referral partnerships, add targeted digital and local marketing, and capitalize on steady exterior maintenance demand driven by the coastal climate and rapid regional population growth.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is a franchise resale opportunity