MergerPlace

Tri-County Profitable Commercial

Broward, Florida


  • Asking Price: $1,900,000
  • Gross Income: $1,859,994
  • Cash Flow: $695,994
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $80,000
  • Listing ID: #213791
  • Established: 1996
  • Employees: 12

Business Description

This is one of the most profitable painting contractors on the market today, in South Florida. They specialize in painting and waterproofing offices, warehouses, hotels, retail outlets, medical and industrial facilities (no residential). The business has been established for over 20-years and they thrive on an excellent reputation for getting the job done, on time and within budget. There is a well-trained staff of W-2 employees in place, as the owner Does Not paint but rather manages the operation as a true professional. There are about 20-longstanding clients (property managers, developers, general contractors) in place with very limiting advertising or networking being done.
The business has 3-county licenses (Miami, Broward and Palm Beach) and derives about 1/3rd of its revenues from each >. Revenues have grown from about $740k in 2016 to more than $1.8MM in 2018 and with over $1.4MM in this year’s pipeline already the seller is projecting at least $2.1MM for 2019. The seller(s) is seeking to retire from the industry, however they would consider staying on as a salesperson or even undertake a majority recapitalization, to further grow the business beyond their current means. Seller/Bank financing may be available, and the business should qualify for an immigration visa. *All buyers must be pre-qualified prior to disclosure. Please refer to listing # 0101626947 Business Broker Thomas Milana when you inquiring about this listing.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Florida
Metropolitan Area: Broward

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 12

Financial Information

Asking Price: $1,900,000
Gross Revenue: $1,859,994
Cash Flow: $695,994
FF&E: $80,000
Inventory: $1,000
Seller Financing Available: Yes

Property Information

Facilities:

Lease/Month: 655 Square Footage: 1000 Building Type: office/warehouse Terms & Options: TBD Expiration Date: 12/31/2020

Competition:

Non Compete : Miles: 75 Years: 3

Reason for selling:

Retirement or Majority Recap

Support & Training:

For 4 weeks at not Cost

Contact Business Seller

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Business Listed By:

Thomas Milana

Transworld Business Brokers