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Residential and Commercial Painting Company for sale

Price: $750,000

Annual Revenue: $900,000

Net Cash Flow: $350,000

Industry: Construction

Location: Westchester County, New York

First time offered for sale – after over 20 years of business, the seller is ready to Retire. The business has had consistent sales in the $800,000-$900,000 range consisting of a nice mix of commercial apartments and high-end residential homes. The owner keeps a steady mix of major painting projects that are over $25,000 as well as numerous small fill-in jobs to keep his crews busy. The owner is selectively managing the company from a lifestyle perspective. Additional work is available – the owner at his age is not interested in hiring more crews to grow the business.

In planning for retirement the owner has transitioned a number of steady commercial clients (apartments) to his foreman to manage. The business currently employs (7) full-time workers (3) part-time workers – with the owner functioning at the general manager/sales manager level.

Growth/Expansion Opportunity:   New owner could easily expand the business with additional Advertising, hiring additional crews, and accepting new referral clients, or expanding the area served.

Equipment:  Included in the sale are two vehicles. Ladders and customary equipment with an estimated value of approximately $150,000. 

Backlog: The current and average backlog consisting of approximately $300,000 worth of work is booked out for about 12 weeks.

Shop: Owner rents a small 600 sqft. Industrial space to store equipment and materials.  

Transition: The owner is willing to stay and transition the business for up to a year at a fair salary. 

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