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Growing, Profitable Commercial And Residential Painting Company For Sale

North Carolina
Asking Price:
$925,000 (USD) Furniture / Fixtures included
Sales Revenue:
$2,140,186 (USD)
Cash Flow:
$351,188 (USD)

Excellent opportunity to purchase a well-established, branded commercial and residential painting business. Revenue up 25% over last year. Company has served local community for over fifteen years and has a well-developed training, marketing, and support program. New owner will purchase turnkey, highly transferable operation. Acquisition includes experienced staff and contractors, along with proven sales and marketing strategies and a solid referral business from longstanding presence and reputation. Company focuses on repeat customers and recurring maintenance business and is not dependent on new construction. Owner's role is executive manager, no painting experience required. Limited inventory, vehicles, and/or equipment required.

Property Information

Real Estate:

Lease

Premises Details:

The Company operates out of a 1,150 sq ft multi-tenant business park that is conveniently located near the interstate. The building is being offered for sale ($79,000) or for lease ($7,900/year NNN).

Size in square feet:
1,150

Business Operation

Expansion Potential:

Significant opportunity to continue to grow the commercial contracting side of the business, up 75% over last two years. Territory size is almost double currently offered territories, giving new owner plenty of desirable households and businesses to target.

Competition / Market:

The commercial and residential painting market is highly fragmented. The owner estimates that no one provider has more than a 5% market share in the area. According to IBISWorld, the franchise painting industry segment has an estimated annual revenue of $1 billion and is expected to grow annually at 6%.

Reasons for selling:

To pursue consulting career.

Trading hours:

Monday-Friday 8am-5pm

Employees:
4 FT/1 PT
Years established:
14

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Will train for 4 weeks @ no cost.
The Company provides commercial and residential painting services, along with pressure washing services. A license is not required, although the Company is currently certified to perform lead paint remediation work.

Financing available:

$92,500 down/$46,250 for 120 mos. @ 8.25%/Other Financing

Furniture / Fixtures value:
$14,500 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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