Striping - Park Lots / Streets / Commercial Centers
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $176000
Net Profit / Cash Flow $39000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1992
Number of Employees 1 - 3
Inventory 40000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Owner will train for 2 weeks at no charge and will be available on a long term basis for consulting.
Description ** PURCHASE PRICE REDUCED TO $85,000. ** This business was founded in 1992 and was purchased by the current owner in 2002. During that period, even though the current owner worked it part time, the sales have trended upward throughout the time that it has been owned. The Company sales have been split approximately 50% for private parking lots (strip malls, commercial centers, etc) and 50% as a sub-contractor striping public streets. The Company maintains two commercial stripers along with other equipment to perform its job. All labor is on a contract basis, so the only true employee is the owner. The company owner has maintained an excellent relationship with the customer base and he believes that he can show the new owner how to maintain that same excellent relationship. (Gross Sales and EBiTDA based on 2007 actuals) For more information on this Striping Company for sale, email or call Tom Given at 915-585-1900. This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities.
Facilities: The current owner runs this business out of his home as all of the work performed is at the customer site.
Competition: The owner estimates that there are 6 or 7 competitors in the city, but due to his high quality work and the well respected name of the business he is always busy.
Growth and Expansion: Because the business is located in a city experiencing rapid growth, the current owner believes that the new owner will continue to experience growth. The current owner also advises that a new owner should send out flyers to strip mall and commercial center owners as many of these parking lots are in need of re-striping. Also, current owner works only part time in the business and he is confident that a full time owner could grow the business significantly.
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