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Painting Contracting Business

Painting Contracting Business
Listing
1698
SOLD!
Specializes in residential and commercial service
Acquired By
Individual Buyer
Bristol County
Revenue
$2,046,000 (2-year average 2019-2020)
Cash Flow
$277,000 (2-year average 2019-2020)
Asking Price
$650,000
Asking price details
Includes vehicles & equipment estimated at $193,000
Sold Price
$515,000
Business Description

This is an exceptional opportunity to acquire a successful painting and restoration services business with plenty of room to grow. This business provides residential and commercial painting and light restoration services for customers. The company is well-known for its exceptional professionalism, strong customer service, and high-quality results. With an established reputation for professionalism and strong product knowledge, as well as lucrative growth prospects which makes this an exciting opportunity for a buyer seeking to take over a profitable business with opportunities on the horizon. No prior education or training is required. The facility where the business is located is leased.

Growth Expansion and Opportunities

Increased marketing would grow revenues and income. The Painting Contractors Association has noted that materials typically make up 10 to 30% of a normal job cost. A new owner can work with staff to ensure materials are ordered and used efficiently to maximize profits. Expanding restoration services which has increased dramatically over the last few years. Establishing new relationships with property managers for additional painting contracts.

Support & Training

The sellers will provide training and support to ensure a smooth transition

Employees
25 FT plus the owners (2)
Terms
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Brian Labonte

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  • Painting Contracting Business

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