Listing ID: 82784
Profitable Well-established Painting Business for Sale
For over 25 years this owner has provided superior painting services. This could be a great addition to another successful home improvement company or an opportunity for someone to jump right in with a solid crew of four experienced employees and two vehicles.
Business mainly comes from referrals; the owner primarily does the management side of things. Business excelled during 2020 slowdown as an essential operation; he now has jobs lined up for spring of 2022 for upwards of $100,000 in value.
Don’t miss out-inquire today! Substantial owner financing for qualified buyer.
- Asking Price: $120,000
- Cash Flow: $80,709
- Gross Revenue: $211,477
- EBITDA: N/A
- FF&E: $43,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
as required according to experience level of buyer
owner currently covers relatively small geographic footprint, room to expand. Satisfied customers provide most of referrals of new clients.
owner currently does not accept credit cards. Easy to change to encourage more closing and upselling needed services. Seller offers some carpentry work; unlimited expansion opportunity to provide more of a turnkey service.
This Business Is Home Based
The company was founded in 1995, making the business 27 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nevertheless, the true factor and the one they say to you might be 2 absolutely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of various other factors. This is why it is really vital that you not depend absolutely on a vendor's word, however rather, use the vendor's answer in conjunction with your general due diligence. This will repaint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Many times, operating businesses have repeat clients, which develop the core of their daily revenues. Certain elements such as new competition sprouting up around the location, road building and construction, and employee turnover can affect repeat consumers and adversely affect future incomes. One vital point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the better the chance to build a returning client base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood average home income effect future earnings potential?