30Yr Old Painting & Sandblasting Co/Gross 2.59M/Net 673K!!!

Palo Pinto, TX (Palo Pinto County)

Seller Financing Available
30Yr Old Painting & Sandblasting Co/Gross 2.59M/Net 673K!!!
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Asking Price: $1,995,000

Cash Flow: $673,000

Gross Revenue: $3,100,000

EBITDA: $673,000

FF&E: $1,100,000

Inventory: N/A

Real Estate: $640,000*

Established: 1989

*not included in asking price.

30Yr Old Painting & Sandblasting Co/Gross 2.59M/Net 673K!!!

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Business Description

30Yr Old Painting & Sandblasting Co/Gross 2.59M/Net 673k!!!

Business has been completely streamlined and updated in an recession proof industry. The current owner has upgraded to the latest technology and best equipment available for their service. The new logistics system has allowed them to identify additional verticals for expansion. The company is positioned to scale with the right leadership and forward thinking-mindset. 80% of contracts are with Municipalities.

To be noted, the current back log is 18 months at this time with over $3.5M contracted revenue through 2020. *Expected EBITDA $1M+ for 2019*

REAL ESTATE HAS BEEN VALUED AT $670,000 AND IS NOT INCLUDED IN SALES PRICE!!! SERIOUS & QUALIFIED BUYER/INVESTORS ONLY!!!
**REDUCED PRICE**

Detailed Information

Location:
Palo Pinto, TX
Real Estate:
Owned
Not included in asking price
Building SF:
7,400
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4400 Sq Ft Office Space & 3000 Sq ft of Warehouse Space sitting on 10 acres.
Competition:
Growing market place
Growth & Expansion:
Multiple additional verticals available. Customers in both public & private sectors
Financing:
Small amount of Seller Financing if needed
Support & Training:
Owner will stay for a period designated at close in order to ensure that the business and new owner have an easy transition
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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James Kallman

Business Listed By:
James Kallman

MDR & Associates

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Sponsoring Broker:
Michael D. Rubin

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