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Listed by:

The Firm

Infrastructure Site Prep Painting And Maintenance For Sale

New York
Asking Price:
$18,400,000 (USD)
Sales Revenue:
$25,281,685 (USD)
Cash Flow:
$4,303,363 (USD)

49 million in work in progress across 4 states with a 17% profit margin! Located in Ohio and New York since 2005, this company specializes in painting large infrastructure projects as well as any site preparation associated with a job since 2005. Earning over $25,000,000 in 2018 alone, this company has a proven track record of successfully bidding and winning large contracts. With $2.8MM in assets including tools of the trade and company vehicles, all equipment is in place for continued success. The team of union foremen and painters work primarily for general contractors and maximize their awarded contracts through competitive bidding and strong professional relationships. Currently, this company has $2,800,000 in assets and $49,000,000 in work-in-progress with many secured, upcoming projects.

Operations are managed from the Ohio office and supplies are stored in a New York area warehouse. There are additional field offices for each large project where location-based staff report daily. The Ohio office is currently owned but is available for lease or possibly for purchase outside the sale of this business.

Both owners currently work within the business. One owner focuses on financial oversight and business management, while the other owner is the lead estimator and oversees field operations. Both owners are willing to remain on staff throughout the transition or beyond, as desired.

Property Information

Real Estate:

Lease

Location:

New York & Ohio

Business Operation

Expansion Potential:

Manage utilization and profitability, increase team to increase capacity, increase local work contracts awarded, increase capital to increase bonding capacity

Reasons for selling:

Retirement

Employees:
92
Years established:
2005

Other Information

Support & training:

Six months to one year, but both owners are willing to remain on staff, if desired

Financing available:

Purchase Price: $18,400,000
10% Buyer Down Payment: $1,840,000
15% Seller Financing: $2,760,000
75% Bank Loan: $13,800,000

Related Documents:

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