MergerPlace

Commercial and Residential

North Carolina


  • Asking Price: $749,000
  • Gross Income: $1,661,176
  • Cash Flow: $237,719
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $14,500
  • Listing ID: #203656
  • Established: 2003
  • Employees: 3 FT/1 PT

Business Description

Excellent opportunity to purchase a well-established, branded commercial and residential paint contractor. Company has served local community for over a decade and is part of one of the top ranked paint franchise organizations in the country, providing a well-developed franchise system that offers extensive training, marketing and ongoing support. New owner will purchase turnkey operation, including experienced staff and contractors, along with proven sales and marketing strategies and a solid referral business from longstanding presence and reputation.


Business Details

Primary Business Category: Contractors - Special Trade
Location: North Carolina

Company Information

Year Established: 2003
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 3 FT/1 PT

Financial Information

Asking Price: $749,000
Gross Revenue: $1,661,176
Cash Flow: $237,719
FF&E: $14,500
Seller Financing Available: No

Property Information

Facilities:

The Company operates out of a 1,150 sq ft multi-tenant business park that is conveniently located near the interstate. The building is being offered for sale ($79,000) or for lease ($7,900/year NNN).

Growth & expansion opportunities:

Significant opportunity to continue to grow the commercial contracting side of the business, up 75% over last two years.

Competition:

The commercial and residential painting market is highly fragmented. The owner estimates that no one provider has more than a 5% market share in the area. According to IBISWorld, the franchise painting industry segment has an estimated annual revenue of $1 billion and is expected to grow annually at 6%.

Reason for selling:

To pursue consulting career.

Support & Training:

Will train for 4 weeks @ no cost. The Company provides commercial and residential painting services, along with pressure washing services. A license is not required, although the Company is currently certified to perform lead paint remediation work.

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Business Listed By:

Ron Buck

Murphy Business Brokers