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Painting Company
Location: United States -> Michigan -> Dearborn
Industry: Business Services > Construction




Business Summary

This business does both commerical and residential painting in S.E. Michigan. The company has zero debt and does about $400,000 annually in sales with the owner making $80,000 to $100,000 per year.

The company has about $15,000 in tools which consists of 4 spray rigs, 6 ladders, 7 spray guns, about 500' of sprayer hose, a 6x12 cargo trailer and all kinds of small tools.

Currently the company has 3 employees but that goes up and down depending on the time of year.

The company gets work from trade shows, referals, mailers and google advertising as well as facebook advertising. The company does no work for general contractors and adding that alone could easily add $500,000 to a $1,000,000 a year to the revenue stream. The work is out there but for cash flow reasons we don't do any of it. Anyone can do this business because the owner doesn't actually paint anything, the employees do. If the company added a full time sales person to court general contractors and builders this business could grow quickly. The business is legit and very established.

Our pricing structure with Sherwin Williams is outstanding as it is with Pittsburgh Paint

The owner is seller is willing to train the buyer for up too 3 months.

Accounting and bookkeeping is subcontracted. Payroll is done with quickbooks.

The owner is willing to provide financing to the new owner with $100,000 down and $1,000 a week until the full purchase price is paid


Financials

Asking Price Range:  < $250K
Gross Revenues:   $400,000
Cash Flow:   $150,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1976
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Up too 3 months of support
Reason For Selling:  I have another business I want to grow and need the money and time to do so

Photos

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Painting Company Photo 1 Painting Company Photo 2 Painting Company Photo 3




Print Listing Id: 700198490
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Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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