Business Overview

Commercial and residential painting contractor operating throughout the Greater Puget Sound area. The Company is focused on commercial work with some exposure to residential jobs, and has diverse project experience covering interior and exterior paint work, new construction, and renovation of existing structures. Repeat work received from notable contractors in the region is a testament to the Company’s ability to deliver exceptional service quality.

On site work is completed primarily by in-house painting staff and the Company has the capacity to deploy multiple crews concurrently. The business makes use of both temporary and subcontracted labor as needed to meet demand. The current backlog of projects exceeds roughly $1M of potential revenue, which is a strong indicator of the demand for high quality service providers. As of the end of second quarter 2021, the Company is scheduled out well into the fourth quarter.

Current operating results reflect that of an established entity that generates steady revenues and cash flows. The current owner’s involvement with day-to-day operations is variable depending on the needs of the business, and they have been able to enjoy further distance from operations, frequently taking vacations, working short weeks and recently relocating to another region in the state.

The ideal buyer could choose to either continue operations as-is, enjoying the benefits of a mature business, or, take the business to the next level.

Parties interested in pursuing this transaction are encouraged to respond to Hunter Arwood to discuss thoughts on value and possible deal structure.


  • Asking Price: $650,000
  • Cash Flow: $232,000
  • Gross Revenue: $1,252,000
  • EBITDA: $45,000
  • FF&E: $176,747
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1983

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Leased operational warehouse, new owner will need to consider relocating as the warehouse lot is listed for sale. Office space is home-based, new owner will need to relocate or consider combined warehouse/office space.

Is Support & Training Included:

The owner is willing to commit to up to 12 months of transitional support, training, and consulting.

Purpose For Selling:

Owner is planning on retiring soon.

Pros and Cons:

While there are many competitors within the market, this has provided an opportunity for the business to stand-out as a reputable and established painting company.

Opportunities and Growth:

The business has a very limited marketing presence, the majority of sales are driven by referrals. Adopting a formal sales and marketing plan, in addition to upgrading the business's digital presence, could propel the business back into a growth phase.

Additional Info

The business was started in 1983, making the business 39 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. Nonetheless, the genuine reason and the one they say to you might be 2 entirely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in profits, or an array of other factors. This is why it is very essential that you not rely completely on a seller's word, but instead, use the vendor's response along with your overall due diligence. This will paint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be met or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract new consumers? Many times, businesses have repeat consumers, which create the core of their daily earnings. Specific elements such as brand-new competition growing up around the location, road construction, and also personnel turnover can impact repeat customers as well as adversely affect future revenues. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the greater the possibility to build a returning customer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? How might the local typical home income effect future income potential?