MergerPlace

Residential Painting Company

Virginia


  • Asking Price: $190,000
  • Gross Income: $452,622
  • Cash Flow: $81,753
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $51,107
  • Listing ID: #224409
  • Established: 2013
  • Employees:

Business Description

Since its establishment in 2013, this small, local painting company has built a reputation for excellence and customer satisfaction. Catering to a more upscale market, the company residential painting jobs comprise about 80% of jobs, with the remaining 20% commercial. With about 75% of all jobs being inside, this company is able to maintain steady cashflow throughout the year. Many of the tenured crew have been with the company for over 5 years and are extremely loyal. The seller prides himself in taking care of his employees so that they care for the customers! The company generally does NOT subcontract.

The seller works only 20 hours per week and is focused on sales, quoting, and administration - he does none of the paining himself and relies on a strong GM to run the crews.

Business slowed in the early days of the pandemic, but the company was able to retain all employees and weathered the storm. Business has returned stronger than ever and, despite a slight drop in 2020, the company expects to continue growing next year.

This is a great turnkey opportunity to own your own business with ample room for growth. This could also be a great add-on for an existing painting or residential contracting company.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Virginia

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $190,000
Gross Revenue: $452,622
Cash Flow: $81,753
FF&E: $51,107
Seller Financing Available: No

Property Information

Facilities:

The owner operates from a small administrative office that can be leased on a short or long term basis, and uses his home as a staging area.

Growth & expansion opportunities:

Working only 10-20 hours per week, the current owner has not fully exploited his sales channel and there is huge growth opportunity for the new owner. With additional crews, the seller believes that the company could easily hit $1MM in gross sales.

Competition:

There is no shortage of painting contractors in the Richmond market, but few have established the reputation for excellence that this company has. Whereas most painting companies struggle to attract and retain qualified painters, this company enjoys a long-tenured, loyal workforce.

Reason for selling:

Owner is pursuing other entrepreneurial interests.

Support & Training:

Will train for 2 weeks @ no cost The new owner will be required to obtain a Virginia Class B contractors license.

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers