Seller Financing Available
Highly Profitable Residential and Commercial Painting Company
Gross Revenue: $1,300,000
Real Estate: $560,000
45 Years In Business, Ready to Retire- Residential/Commercial Painting
Swann Painting Company is a well-known name in the Leavenworth and Kansas City area. Most anyone you should ask in the Leavenworth area, either knows the owner and his wife personally or have heard of them and their stellar reputation for the work they do. This business was started 46 years ago and has grown steadily over the years, one great job at a time. Although they’ve done a good job of marketing their services, a new owner could walk in, take over the current, steady flow of business; including repeat clients, as well as introduce an additional aggressive marketing campaign that would take this business to even higher levels of success. Swann Painting has built a solid reputation over the years and a new owner will reap the rewards immediately.
The business and its lines have been consistent since they opened in 1970, over 46 years ago, running their entire business out of their 8,000 square foot building. Located in Leavenworth, Kansas near the downtown area, the neighborhood is safe and secure. There is an office in the building (which they own, and is a block long), and also includes a large warehouse where all equipment, paint, and all other products needed to run their business. The business is tied to new, damage & wear and general maintenance painting of any structure. This is a need that is continual and won’t go away. Their current repeat/client base is long-standing, constant and loyal. These clients alone represent the largest aspect of their Sales and Marketing. The owner’s many, many years of working in the area with numerous companies, government agencies and individuals has earned him a place in their “go-to” people to call when they need anything painted. As noted above, additional, expanded sales and marketing would definitely bring about larger volumes of new business, and we would recommend that the new owner do so upon purchasing the business. The employees are well trained and have years of experience in the painting industry. The owner is willing to stay as long as needed to ensure the new owner’s success and is highly confidant the current clientele will not leave or move on when the company sells.
Inventory: Included in asking price
Real Estate: Owned
Included in asking price
Building Sq. Ft.: 8,000
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: They have several vehicles that are utilized transport crews, equipment and paint to various locations daily. In addition to local business in the Kansas City Metropolitan and outlying areas, they also bid on jobs out of state, and have a very successful record of winning bids, which include the pricing of crew, vehicle, equipment and travel costs to go to remote site(s). The building they are in is fully owned and is also included along with the price of the business. A plus to this, is the 7 Apartments in the building, which currently have long-term leasee’s, which generates nearly $3,000.00 per month in rental income.
Competition: Swann Painting has competition, but they do turn down work or consistently control the volume. They stay busy 5 ½ days a week. They could take on more work if they wished. More crew members, additional vehicles and additional equipment would make this a reality. The new owner will not have to worry about losing customers to competitors. This particular painting business has been, and is a loyalty-based and driven business and the customers are extremely loyal. They are his largest sales and marketing tool to date. Competition is not really an issue
Growth & Expansion: Business revenues are strong and always have been. Sales will stay steady or go up in the future – again, additional marketing will definitely produce additional sales revenue. No downside or downturn is foreseeable. All structures need protection from the elements, therefore, this painting company serves a need that will not go away.
Financing: 10% of the purchase price for 6%APR for 36 months
Support & Training: The owner is a great guy and a very respected man in the community he lives in. He (and his wife – who is the office manager) are both willing to stay as long as the new owner needs their assistance to ensure success. He is willing to stay up to several months unpaid, with a discussion needed regarding any future part time assistance. He could and would stay longer part time, as a figurehead, for a small salary if the new owner needed additional time to feel comfortable.
Reason for Selling: Age- Time to Retire
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