MergerPlace

Decorating Contractor

Minnesota (Hennepin)


  • Asking Price: $179,000
  • Gross Income: $268,258
  • Cash Flow: $95,002
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $9,095
  • Listing ID: #203008
  • Established: 1994
  • Employees: 1 FT

Business Description

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.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Minnesota
County: Hennepin

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $179,000
Gross Revenue: $268,258
Cash Flow: $95,002
FF&E: $9,095
Seller Financing Available: No

Property Information

Facilities:

The building management company provides storage space free of charge in the building for this company's equipment.

Growth & expansion opportunities:

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.

Competition:

Their are other competitors in the decorating contractor business in downtown Minneapolis, but this company has the exclusive contract for this skyscraper.

Reason for selling:

The owner wishes to retire.

Support & Training:

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.

Contact Business Seller

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Business Listed By:

Darrel Damhof

Murphy Business Brokers