Business Overview

With its base in Austin, Texas, this locally owned and operated business provides both residential and commercial painting and roofing services. This company specializes in the preparation process when it comes to painting as well as quality roof installation and repair. With over 15 years in the industry, the business has been built upon experience, quality craftsmanship, attention to detail, and an old-world work ethic.

By focusing on 100% customer satisfaction, this company has established itself as the prime choice for these home services. With the company experiencing continual growth, a new owner will step into an ideal position, primed for capitalizing on an established reputation and profitable record.

Financial

  • Asking Price: N/A
  • Cash Flow: $2,210,571
  • Gross Revenue: $15,795,490
  • EBITDA: $2,210,571
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2007

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:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

24 weeks

Purpose For Selling:

new business opportunities

Additional Info

The company was founded in 2007, making the business 15 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell companies. Nevertheless, the true reason and the one they say to you might be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of other factors. This is why it is really vital that you not rely totally on a seller's word, yet rather, utilize the seller's response along with your overall due diligence. This will paint a more reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items like inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new clients? Many times, companies have repeat customers, which form the core of their daily revenues. Specific elements such as brand-new competitors growing up around the location, road building and construction, and also staff turnover can affect repeat clients and also negatively influence future incomes. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to construct a returning client base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood mean house earnings impact future earnings prospects?