Since 1994, this commercial decorating contractor has contracted with a large downtown Minneapolis office building management company to paint and/or wallpaper the tenant and common spaces as needed. About 90% of their revenues come from this one building management client with the remaining revenues coming from requests to do similar work in other local downtown office buildings. The company has recently signed another three year contract with the client. Most of the manual labor is done by a longtime contracted employee who wishes to remain. The owner's involvement is primarily limited to 6 to 8 hours per week to schedule & inspect the jobs, invoice the client for work performed, estimate some jobs and do business relations.
The building management company provides storage space free of charge in the building for this company's equipment.
Other building management companies in downtown Minneapolis sometimes contract with this company for their services. Growth for this company could come from aggressively marketing to these other building management companies for their business on a regular basis.
Their are other competitors in the decorating contractor business in downtown Minneapolis, but this company has the exclusive contract for this skyscraper.
The owner wishes to retire.
Will train for 2 weeks @ no cost. No license is required for a painting/wallpaper contractor. Normal business management skills would be helpful for this business. The current owner seldom does any of the manual labor but leaves that to the contracted employee.