NEWPORT NEWS, Virginia
| Asking Price |
$550,000 |
Year Established |
2017 |
|
| Annual Revenue |
$1,400,000 |
Reason for Selling |
Getting married, new career path |
|
| Annual P/L |
$0 |
Attention |
Steve |
|
| Annual Cash Flow |
$210,000 |
Listing Number |
985487 |
|
| # of Employees |
2 |
Business Category |
Services: Home Improvement, Repair, Painting |
|
Business Overview:
Established and successful Residential and Commercial Painting business Franchise for sale in the Virginia Peninsula, VA territory. Includes Newport News, Hampton and Williamsburg areas. This Franchise business was started in 2017 and had Annualized Gross Revenues of just under $1.4 million in 2025. Healthy six-figure cash-flow. This is a well known nationwide painting company with excellent reviews and ratings. Turn-key business includes: two trained employees (+ sub-contracted painters), all painting supplies, office equipment, furniture, signage and a wrapped vehicle included. Commercial license option. (Note - business owners do not do the painting- your painting crew handles all of the painting services.) Owner motivated to sell!
Property Features and Assets:
<p>Includes a wrapped vehicle with company advertising and all the equipment and supplies necessary to operate the business. Ongoing training program is included for owners and staff.</p>
Market Competition and Expansion:
<p>The Virginia Peninsula is an <strong>upper middle class housing market</strong> with growing demand for home improvement services such as house painting. Many homeowners are now starting to shop for outdoor painting upgrades to their homes for the upcoming warmer Spring and Summer weather. Likewise, many homeowners are considering indoor painting projects that can give their homes a fresh look for Summer. <u>This office is well positioned to have a significant upside in Sales Revenues for 2026 and beyond.</u></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity