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Custom Residential Painting
Location: United States -> California -> Southern California - All Southern California -> Orange County
Industry: Business Services > House and Garden Maintenance




Business Summary

Quality workmanship for over 28 years for Custom Residential Repaints - Interiors and Exteriors throughout Orange County.

This licensed and bonded contractor has a repeat and referral client base that keeps his full-time crew of 3 plus himself fully engaged and maintains a backlog from 2 to 3 months. They specialize in only residential repaints. Masters of the Fine Finish. Jobs are high-end but fairly priced for the quality and care delivered.

Revenues have ranged in the $250,000 to $275,000 range with seller's discretionary earnings in the $110,000 + area. However, in the first 6 months of 2007 the revenues have doubled and the seller expects his revenues to hit $450,000 and seller's discretionary earning to be $200,000. Owner said this is in part due to his more aggressively bidding for jobs, better profit margins and adding the third painter. He says 70% of his customers are not price shoppers, as long as he is fair.

The average job ranges from 5 to 8 days with some larger ones more than a month. Virtually no advertising is necessary. Owner has a new company truck with logo and all new equipment replaced within the last year or two, which are included in the price.

Owner said the business is transferable to a buyer who will maintain the quality and care reputation this company has earned. Requires a C-33 license. Office is in his house. Owner has other ventures in life that he wants to pursue. Contact for more information on this Residential Painting business for sale.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $500,000
Cash Flow:   $250,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $35,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1979
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train.
Reason For Selling:  Other ventures.




Print Listing Id: 70067770
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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