Highly Profitable 50-Yr. Comm. Painting Contractor
Relocatable, NC Not Disclosed
Triangle; Central NC
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- RE: Highly Profitable 50-Yr. Comm. Painting Contractor
- Contact: Don Emmett
Quick Facts
| Asking Price: | $1,400,000 | |
| Annual Revenue: | $1,430,193 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $438,005 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $88,462 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1968 | |
| Employees: | 12 | |
| BBN Listing #: | 987655 | |
| Broker Reference #: | 1310-17338 |
Business Overview:
This very well-established (over five decades) business operates in an upscale Triangle marketplace. The Business is the “go-to” painter for the local hospital system and has a contract to deliver year-round service. With a strong reputation for quality, integrity, and service the company has a strong pipeline of work. Because of its Brand awareness in the market the company is able to pick and choose its projects.
The Company services Commercial, Residential,Academic, and Governmental clients providing painting services, as well as pressure washing, and window cleaning services.
The company has 8-10 employees/paint technicians that service the Triangle with 6 trucks.
The financials shown are from 2020-2023 Tax returns and 2024 Calendar Internal Financials. Pre-qualified for lender financing with a $140,000 down payment.
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Property Features and Assets:
Currently home-based and relocatable. Painting technicians take trucks home with them.
Assets = $88,462
Market Competition and Expansion:
Competition is significant, but due to this company’s reputation and longevity, they currently have more work than they can handle.
Like many companies today, the company’s growth is constrained by the company’s ability to find and retain qualified employees. Growth could be achieved by adding qualified employees.
Reason for Selling:
Retirement & Other Business Interests.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
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