Listing ID: 72728
Thriving & Profitable Painting Business in Central Oregon
Well-established painting business is highly regarded, established, and extremely sought after because of their quality work and trusted reputation.
Their skilled team of painting pros and strong managers deliver quality and high service work that earns them repeat clients who provide high praise and referred business.
Turnkey business is ready for growth and expansion into key niches.
Established, Growing, and Enjoys a Great Reputation
Strong sustainable growth is expected.
- Asking Price: $1,150,000
- Cash Flow: $448,617
- Gross Revenue: $2,058,131
- EBITDA: $368,617
- FF&E: $142,400
- Inventory: $6,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
The sale will include inventory valued at $6,000, which is included in the asking price.
The company has 19 employees and is located in a building with disclosed square footage of 1,500 sq ft.
The building is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nevertheless, the true factor and the one they say to you might be 2 entirely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or an array of various other reasons. This is why it is extremely vital that you not rely entirely on a seller's word, yet instead, utilize the vendor's response together with your general due diligence. This will repaint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new clients? Often times, operating businesses have repeat consumers, which develop the core of their daily profits. Particular elements such as new competition growing up around the location, roadway construction, and also staff turn over can influence repeat customers and also adversely impact future revenues. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the chance to build a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood typical household earnings effect future earnings prospects?