Commercial Painting Company, $1.1M Revenue, $525,361 DE

Commercial painting company, established 46 years, with $1.1M Revenue, $605,967 DE, Offered at $1,490,000 is available for acquisiton with $165,044 down SBA financing for qualified buyers.  The company has consistently very high gross margins.

The company has a friendly professional team of 5 employees providing full service commercial painting for both interior and exterior projects.

There are opportunities for expansion geographically (outside Orange County), expanding to additional Orange County customers, as well as growing the Tenant Improvement business.

Summary:

• Offered at $1.49 million + A/R
• $1.1 million revenue
• $525,361 Discretionary Earnings
• $165,044 Down w/SBA Financing

Staff:

• 5 employees
• Office Manager
• 2 Foremen
• 2 painters

Services:

• Commercial Painting
  Residential Painting (less than 10%)
  Tenant Improvements
  Waterproofing
  Wood, Drywall, concrete repair & Ti’s

Buyer Skills and Requirements:

The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business.  While the buyer does not necessarily have to be an experienced painter, they must be willing and capable of learning the technical aspects of this business.  This is not a passive owner business.

The owner has a C33 Painting Contractor License and and General Contractor B License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA).  The buyer will have to obtain their Painting and General Contractor licenses.  The Seller will provide training for 4 weeks/30 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.

Reason for Selling:

The owner is retiring after running the business for 46 years.

Inquiries from principals only