Residential & Commercial Painting Contractor
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $198867
Net Profit / Cash Flow $63312
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 1 - 3
Inventory 7625
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training.
Reason for Sale Starting new business.
Description You do not have to be a skilled painter to operate this business - In fact you do not have to paint at all! All you have to do is handle the bidding, perform the marketing, schedule the labor and manage the finances. Last year the current owner finished the year working 20 hours per week, employed one full time painter and profited $63,000. Commitment to starting a new business has cut back his availability. The demand however is still there. If a new owner is willing to work full time the owner reports that he/she can profit an additional $25,000 per year for each additional painter employed.
The business generated six figure cash flows when the owner worked as little as forty hours per week and employed as few as three painters. The business has been profitable every year of its twenty-one year of history and has created significant goodwill that generally results in high margin jobs.
The owner has kept up with new technology in regard to developing and implementing a system which accounts for all the aspects which go into a successful operation of a small business, low overhead, no inventory, selective marketing, quality control and accurate calculation. Repeats and referrals constitute a large portion of the customer base. The equipment, staffing, organization, reputation, marketing, list of potential customers along with a proven process are all in place. The owner has concentrated mainly on residential work. Residential repainting does very well in recessions. Increasing commercial business is another potential area for growth. All that is needed is a motivated new owner to build on the foundation that has been established.
Sale price is just $99,000! Contact for more information on this Painting business for sale.
Click Here To Contact Seller
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