Listing ID: 80563
We are a proud provider of top-quality commercial, residential, state, and county painting services on Oahu. With excellent reviews and a modern web presence, we strive to provide an efficient and professional experience for all of our clients.
- Asking Price: $747,000
- Cash Flow: $419,475
- Gross Revenue: $1,291,034
- EBITDA: N/A
- FF&E: $120,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,031
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
1,331 sq ft- first floor warehouse space +700 sq ft- upstairs conference room/office space, with storage room and bathroom
100 Hours as follows: 2 Weeks at 80 Hour Per / 20 Hours of Online/Video Conferencing as needed
Moving to East Coast Mainland U.S.
We are Hawaii’s industry leader in using Sherwin Williams’ top-shelf and low-VOC paint lines, and we are EPA Lead-Safe certified. Buyer is required to have a C-33 Painting and Decorating License Production and possess sales management experience.
Our services include: exterior and interior painting, pressure washing, priming, industrial coatings, wallpaper removal, waterproofing, sealing and caulking, deck coating and staining, lead paint inspection, epoxy applications, rigging and safety, cabinet painting, drywall texturing and repair, popcorn ceiling and wall texture removal, wood refinishing, and color matching.
The venture was founded in 2012, making the business 10 years old.
The company has 5 employees and resides in a building with estimated square footage of 2,031 sq ft.
The real estate is leased by the company for $2,750 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nonetheless, the real factor vs the one they tell you might be 2 completely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or an array of other reasons. This is why it is very crucial that you not depend entirely on a seller's word, but rather, utilize the seller's response combined with your total due diligence. This will paint a much more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that earnings margins are too small. Lots of organisations 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 commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new customers? Often times, operating businesses have repeat clients, which form the core of their daily revenues. Certain variables such as brand-new competitors growing up around the location, roadway construction, as well as staff turnover can influence repeat customers as well as negatively impact future revenues. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to construct a returning client base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the local average household income impact future earnings prospects?