Listing ID: 77509
Business Overview
Established in 1980, this professional paint contractor holds a C-33 license providing full-service residential and commercial paint & decorating services. Located in an industrial park with 4,990 square feet, 3 total units include a front reception area, 2 offices with room for an additional 2, 3 bay doors, 2 kitchenette’s, 2 restrooms, 1 spray booth and full security system. There is currently a fleet of 8 equipped vehicles. This profitable business has been based on a great reputation, superior service and high quality work. Owners are looking to retire. Call agent for details.
Financial
- Asking Price: $359,999
- Cash Flow: $203,003
- Gross Revenue: $813,323
- EBITDA: N/A
- FF&E: $110,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1980
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,990
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
4 weeks
retirement
Additional Info
The business was started in 1980, making the business 42 years old.
The sale shall include inventory valued at $15,000, which is included in the listing price.
The business has 9 employees and resides in a building with approx. square footage of 4,990 sq ft.
The property is leased by the business for $3,875 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is extremely essential that you not depend absolutely on a vendor's word, however rather, use the vendor's solution along with your total due diligence. This will paint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Many times, operating businesses have repeat customers, which form the core of their daily revenues. Certain factors such as brand-new competition sprouting up around the location, roadway construction, and personnel turn over can influence repeat clients and also adversely influence future revenues. One important point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Exactly how might the regional median house income effect future income prospects?
