Return to search results

Commercial Painting & Coating Services

NJ

Commercial Painting & Coating Services
Contact Seller

Asking Price: $7,500,000

Cash Flow: N/A

Gross Revenue: $11,200,000

EBITDA: $1,550,000

FF&E: N/A

Inventory: N/A

Established: N/A

Commercial Painting & Coating Services

Save Print Share Valuation Report

Business Description

Premier painting services company with exclusive clientele

The Company is a full-service provider of interior and exterior painting and coating services. It has established a well-known reputation in the Greater New York Metropolitan area for its dedication to unparalleled quality and service, and developed a reliable network of both employee and outsourced skilled painters to ensure all completed projects meet its quality standards.

As a full-service provider, the Company offers a wide array of services to accommodate its clients’ needs. Core services include interior and exterior painting for both new construction and maintenance work, roof and floor coatings, and waterproofing. It collaborates with developers and owners to assist in the value engineering process. In 2018, approximately 40% of its annual revenue is attributable to recurring revenue generated from maintenance contracts with real estate management companies serving office buildings, rental apartment buildings, co-ops and condominiums, and other commercial facilities. The remaining 60% is commercial work obtained from qualified bids from ongoing relationships with developers, owners, and management companies.

There are approximately 75 active clients comprised primarily of property management companies, general contractors, and developers of commercial and industrial facilities. The customer base includes large public companies and Fortune 500 companies. The Company’s service area is concentrated in New York and New Jersey.

Detailed Information

Employees:
25
Facilities:
The Company is in a two floor, 2,500 sq. ft. building in the Greater New York Metropolitan area.
Competition:
As a full-service provider, the Company offers a wide array of services to accommodate its clients’ needs. It has developed a strong reputation across various markets which has contributed to the diversification of its loyal customer base. Maintaining high-quality workmanship and developing word-of-mouth referrals have strengthened its customer base and driven the Company’s growth.
Growth & Expansion:
The Company has over two decades of experience providing exemplary painting and coating services to its well-established customer base. Since 2013, revenues have steadily increased for a cumulative growth of approximately 70%. Management maintains an optimistic outlook for the coming years as several expansion opportunities have been identified that the Company will seek to capitalize on in order to continue its growth trend.
Support & Training:
Principal is willing to sell outright or partner with an acquirer post transaction to help continue to grow the business.
Reason for Selling:
Succession Planning/Retirement
Contact Seller

Contact the Seller

Contact Seller Loading

La'Teya Tennet

Business Listed By:
Le'Teya Tennet

Sun Mergers & Acquisitions

Show Phone Number

View My Listings


Sponsoring Broker:
Randi Goldberg

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1639673 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Footprints Floor

Franchise Opportunity In NJ
Capital Required: $65,500