SBA Approved Absentee 50+yrOld Painting Co W RE NE

Business Overview:

Owner Absentee AAA-Rated Accredited Lead Painting & Restoration Company with Landmark Corner Property | Low Operating Costs High Profit Business | Operating in the Moneymaking Target Market from NY to DC Metro Area | Majority of their Sales Comes Through Repeat Business | Strong Cash Flows Year on Year | Loyal Customer Base with Impeccable History Has Earned Rocksolid Brand Recognition | Consistent Growth Expected in Revenue & Profit Trends in 2024 & Beyond!!!!!!!!!!!!!!!!!!!

REPUTED HISTORY & TRUE VALUE INVESTING OPPORTUNITY FOR BUYERS
Well established Mid-Atlantic, well known property improvements and painting company, successfully catering to residential and commercial customers alike with fantastic credentials. Established since 1971, this firm specializes in painting and restorations services supporting residential and commercial clients. Enjoys reputation for high quality workmanship with all kinds of customers. Business has earned an impeccable reputation for a reliable service provider due to its outstanding customer service provided throughout. With virtually very little competition and expertise in its niche, the company has earned its status as a one of industry leaders.

FULL RANGE OF HIGH QUALITY SERVICES OFFERED
Throughout its long history, company has ensured highest standards by offering a full selection of services for both residential and commercial clients, with proven track records. Company day to day services including, Interior and Exterior Painting, Plaster and drywall repair, Hardwood floor sanding and refinishing, Storm window sales & installation – Window restoration (glass reglazing and replacement), Furniture and Door refinishing (stripping, repair and refinishing), and Kitchen Cabinet Refinishing for residential as well as historical restorations to commercial and industrial projects as per request. Perfectly blending only the best quality services with a customer-centric educational approach has provided a fertile stream of customers. Their preparations are second to none and is reflected in final products endurance, longevity and appearance and excellent after services.

130+YEARS COMBINED LEADERSHIP EXPERIENCE & A VIRTUAL MONOPOLY
Indeed, ownership’s commitment to providing timely, efficient completion of all projects has been rewarded with the company’s “favored son” treatment in awarding new jobs consistently. Further, management cites their staff’s core competencies and substantial equipment complement as significant barriers to entry for new competitors thus resulting in a virtual monopoly in picking up new work in their industry. Management’s keen focus on painting industry's knowledge and an in-house training program for all employees allows the company to be a trusted advisor to home and commercial property sectors professionals and laypersons. Management’s cumulative 130+ years of experience in serving the market has helped built fabulous relationships with their loyal customer base maintaining strong customer retention rate of over 73% consecutively.

STATE OF THE ART OFFICE & WAREHOUSING FACILITY ON A BUSY HIGHWAY
Thanks to excellent operational and warehousing structures and highly efficient team of professionals company maintains extremely good relationships with their customers and suppliers/vendors, resulting in sales and growth in orders book which means creating of new projects pipeline. Premium location is situated at the main street in the fastest growing population centers in the USA. A well-appointed facility and yard to store its assets including range of raw materials, trucks and other equipment as well as a loyal, motivated staff.

GOVERNMENT PROGRAMS SUPPORT INDUSTRY GROWTH
New state and federal government programs encourage residential, commercial and industry property owners to upgrade/improve their properties to make them look great and sustain a long-term value for their owners' and tenants.

KEY FINANCIAL PERFORMANCE FACTS YTD 2024 & BEYOND
Evidenced by the firm’s historic consistent strong protit margins and topline growth, during 2024 and the management is projecting sales growth to be 23-25 percent for the full year and the net income of over $ 1 MM.

This is a legacy turnkey offering with multiple scaling strategies, including geographical expansion, the introduction of additional services such as roofing, guttering and sidings, and investment in human capital to take the business to another level in the future.

FINANCIAL & BUSINESS HIGHLIGHTS 2023
Sales: $2,595,553.00
Net Margins: 35.37 %+/-.
Sellers Discretionary Earnings: $ 918,871.00
YOY Topline Growth Rate: Strong
Revenue and Profit Trends: Consistently Growing
Strong Future Growth Opportunities by Adding Verticals: Siding, Roofing, Landscaping and Guttering
Business Verticals: Paintings: Restorations - 81% : 19%
Clientele: Residential 47%, Commercial 31% & Industrial 22%
Overall Customer Quality: Excellent
Payment Quality: Excellent
Customer Concentration Risk: Low, Well Diversified and Great Mix
Ideal Customer: Referrals - Existing /Repeat Customers
Inventory: $100,000 (approx.), included in the asking price (high-quality fast-moving products)
Trade/Accounts Receivables: $ 543,000.00 (plus) (Aging 30-90 days)
Quality of Receivables: Excellent
Property Status/Lease: Owned by the owner/sellers
Corner Commercial Property size 3,097 square footage
(Office & Showroom: 1,700 square footage & Workshop: 1,397 square footage)

Sellers Support & Training for Buyers for smoother transition: 4-6 Weeks

BUSINESS & PROPERTY VALUES BREAKDOWN:

Business: $ 4,000,000.00
Property: $750,000.00 (Approx.)

Total Sale Price: $ 4,750,000.00

CRITICAL SUCCESS FACTORS
Ongoing Growth: In 2024 company continues to evolve its offerings and predicts a strong growth percentage of 17%-21% or more.
Personalized Service: Five dedicated client design technicians manage each client’s customized project from consultation to installation, ensuring a seamless experience.
Exceptional Customer Satisfaction: The company boasts industry-leading 5-star customer satisfaction ratings. Comes with over 10,000 plus (Mix-bag Portfolio) Satisfied Customer accounts including Mid-to-High End Customers orders/jobs.
Experienced Team: Its designers, craftsmen, and installers deliver worry-free services and stay current on market trends via constant training and development.
Strong Partnerships: Favorable relationships with thousand of well established property owners/tenants guarantee a steady flow of work no matter the market conditions. Further, the business can easily be scaled through the implementation and execution of a formal sales and marketing plan, geographic expansion beyond the mid-Atlantic region, and continued emigration into the region and its inherent property restorations and improvements as well as new construction demands for residential, commercial and industrial projects.
Proven Success: Consistent financials demonstrate a strong track record year on year.
Fabulous Scalable Future: Rising interest in custom solutions and sustainable fabrics presents exciting growth potential. E-commerce and virtual design implementation can unlock exponential sales growth with residential and commercial customers.

UNMATCHED QUALITIES, CORE DIFFERENTIATORS AND INCREDIBLE TESTIMONIALS SPEAK VOLUMES ABOUT THE BRAND
-Excellent Prices: Keeps customers happy
- Overall Quality Reviews: Rated their quality as outstanding.
-Owners take proud of their fantastic ratings from the reputed raters and company earns new business from referrals sources and existing satisfied customers.

Employees/Contractors (excluding owners): Manager: 2 Full time: 14 Part time: 5
Note: Over 85 % staff is on W2. Total Employees 21

Reason for sale: Retirement

A good business for cash flow value investors.

Proof of Funds Required (Upfront).

Seller financing: Available (If needed)

Hours of operation: MON-FRI: 9AM-5PM (SAT-SUN: Off)

FOR SERIOUS BUYERS ONLY
Business and property can be purchased together or on A STANDALONE BASIS/SEPARATELY. Buyer should have some knowledge of this well-established and growing industry. THIS BUSINESS WILL NOT BE AVAILABLE FOR LONG. All bona fide buyers please send appropriate financials, resume and proof of funds and you will have a response. This is AN IDEAL OPPORTUNITY for an experienced industry buyer to enter and grow their portfolio with the possibility of buying the business with a landmark property, as well as who is looking to add another business into their existing portfolio of companies in this line of business or allied industry.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

THE UNMATCHED GLOBAL POWERHOUSE TRANSWORLD VALUE
This once in a lifetime business opportunity is for sale with property is proudly offered by Transworld Business Advisors, the number one business brokerage firm in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.

ATTENTION BUSINESS OWNERS & POTENTIAL SELLERS
We represent prequalified buyers/clients that are very interested in buying all types of businesses ANYWHERE in USA. If you have any interest in selling your business at this time or in the near future, please contact me atAchaudhary@tworld.com. Our buyers are already prequalified and SBA LENDERS Apporved and willing to invest their time and money in a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

IF INTERESTED PLEASE CALL: Aamer Chaudhary (President/CEO Transworld Business Advisors, Downtown DC & Annapolis, MD) at Cell (202) 509 3739 or (703) 457-0362 Or Off (202) 461 2204 or by email,Achaudhary@tworld.com& we shall respond soon.​

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Property Features and Assets:

Facilities: Building and grounds in EXCELLENT condition and good for next 10 years.

FF&E Overview: Highly valuable interior includes fantastic handcrafted designs, fixtures, fitting and luxurious buildout/fitouts all over the business to create an experience for the customers.

FF&E General Condition: State of the art and well maintained FF & E good to go for next 10 years.

Market Competition and Expansion:

Competition: 

There are other painting and home improvements/refurbishments companies in the area but few as tried and seasoned as this one hence they enjoy strong customer satisfaction and unraveled royalty. Thanks to their strong loyal customer base, this business has survived and thrived with authority throughout every economic crisis and climate for the last over 50 years and growing up every year with solid bottmline performances.

Expansion: 

Enormous growth potential exists in the following areas:
- Organic business growth
-Aggressively Targeting residential and commercial builders and developers in Mid-Atlantic region and I-95 Corridors and nationwide
- Government buildings and infrastructures
- Industrial and large scale commercial businesses /properties maintenance long term contracts including Malls, Airports and Federal and state Agencies
- Boost ongoing sale through the Digital marketing and print media marketing

Reason for Selling:

Additional Details:

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