-
$3,800,000
Offered at
-
$3,828,571
Revenue
-
$1,325,540
Discretionary Earnings
-
$398,680
Down Payment
-
Yes
SBA Financing
Northern CA Commercial & Residential painting company, established over 25 years, with $3.8M Revenue, $1.3 million DE, offered at $3.8 million is available for acquisition with $398,680 down SBA financing for qualified buyers. The company has consistently very high gross margins and DE. The company serves the greater Northern CA Bay Area, with approximately 50% commercial sales and 50% residential sales, and no customer concentration (largest customer in 2024 was 14% of sales).
The company has a friendly professional team of 27 highly trained employees providing full-service commercial painting for both interior and exterior projects. The company has built an excellent reputation through high standards of quality, service, materials, and techniques.
There are opportunities for growth in commercial, residential, and prevailing wage projects through strategic marketing and advertising.
Summary:
- Offered at $3.8 million + A/R
- $3.8 million revenue
- $1.3 million Discretionary Earnings
- $1.15 million EBITDA
- $398,680 Down w/SBA Financing
Staff:
- 27 employees
- Office Manager
- Project Manager
- 5 Foremen – Painters
- 20 painters
Services:
- Commercial Painting 50%
Residential Painting 50%
Facilities Maintenance
Buyer Skills and Requirements:
The owner is actively running this business and the buyer must 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 will act as the buyer’s RMO (Responsible Managing Officer) for up to 12 months (maximum allowed by SBA). The buyer will have to obtain their Painting contractor license within 12 months. 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 working in the painting business for over 30 years.
Inquiries from principals only