Construction - Special Trades

Asking Price	$98,000	Inventory	$1,000**
Gross Income	$572,000	Real Estate
Cash Flow	$62,720	Year Established	1990
FF&E	$50,000*	Employees	13

* included in the asking price

** not included in the asking price

This business is an excellent, well branded painting business that has well over a decade of goodwill in the local market. Seller has established strong relationships with local residential home builders that provide a steady flow of work. Business is well staffed with experienced painters and has the potential for growth. This business offering includes the free and clear transfer of the following: Trade name, Furniture, fixtures and equipment, Facility lease for storage unit, Goodwill & future potential, Contracts in place, Signs & promotional materials, Covenant not to compete, Customs relationships, Phone and fax numbers, Training, Business methodology & process, Educated and experienced staff, Vendor relationships with discounted pricing, Supplies and consumables, and Inventory valued at seller cost. The revenue stream comes from three segments: 1) new residential construction including high end homes, 2) one-off orders from home owners, and 3) from commercial projects. All projects are located in Central Oregon.

Facilities: Seller works from his 1,500 square foot facility in Central Oregon. Facility lease is $750 a month. The seller also pays all utility bills for the space and has two dedicated parking spaces. There are no other equipment or facility leases in place.

Competition: The seller had done no marketing in several years. Basic outreach through advertising, direct letter writing, home shows, and 1 on 1 meetings with new area contractors would return results.

Growth/Expansion: Since this operation has a full staff of accomplished painters a new owner may be able to remove himself from any day to day operations and focus on business building. The current owner has done the initial hard work of logging the painting hours and now has great references, a significant body of work, and a good reputation which can be more proactively capitalized upon. The new owner could dedicate more time to meeting contractors and commercial developers and providing consulting or bidding services.

Financing: No

Support/Training: 9 full-time employees and 4 part-time all paid hourly between $12 and $20 per hour. The journeymen do most of the training of new hires. Seller will provide training for 1 month included in sale price.

Reason Selling: Relocation and Health Concerns. Seller wants tolrelocate to Southern Oregon.