25+ Yr Painting & Carpentry Co - $455K Earnings

Cincinnati, OH (Hamilton County)

Seller Financing Available
25+ Yr Painting & Carpentry Co - $455K Earnings

Asking Price:$1,190,000

Cash Flow:$455,000

Gross Revenue:$2,211,000

EBITDA:$455,000

FF&E:$35,000

Inventory:$3,000

Rate/Sq. Ft.:N/A

Established:1987

25+ Yr Painting & Carpentry Co - $455K Earnings

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Business Description

$400,000 Owner Earnings

With sales approaching $2.5 million and owner earnings over $400,000, this is an outstanding opportunity for a buyer to purchase a very well operated company with a superb reputation. This company has grown steadily through the years with a minimum of advertising, but with a lot of high quality management from its ownership and management staff. Sales grew 12% from 2014 to 2015 and 8% from 2013 to 2014. In addition to interior and exterior painting and carpentry work, the company also performs plumbing and electrical work, builds decks, does concrete work, roofing, and remodeling. Highlights also include:

Angie’s List A+ Rating
Better Business Bureau A+ Rating
Real estate available for purchase
Price includes all inventory, vans, and equipment
Inside management staff each employed for over 10 years
Craftsmen each employed for over 10 years

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The offices, fabrication area, and storage areas are well organized and maintained. This is a building that is well suited for the painting and carpentry industry. The facility is owned by the seller and is available for purchase if the buyer does not wish to enter into a lease.
Competition:
There is plenty of competition in this industry, but this company’s history and reputation allow them to be the first choice of many homeowners. A considerable amount of business is repeat business from the same homeowner wishing to have additional work performed.
Growth & Expansion:
A buyer could expand his focus to other areas of Cincinnati and Northern Kentucky to gain a foothold in other communities. Increased advertising would also drive sales forward.
Financing:
SBA loan available
Support & Training:
The seller is willing to stay on as long as necessary to ensure the comfort of the buyer.
Reason for Selling:
Retirement

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Dan Long

Business Listed By:
Dan Long

Cincinnati Business Brokers

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