Profitable Painting Company, $221K earnings, $745K sales

Orange County, CA

Seller Financing Available
Painting Company for Sale
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Asking Price: $380,000

Cash Flow: $221,187

Gross Revenue: $745,352

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Profitable Painting Company, $221K earnings, $745K sales

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Business Description

SBA financing, $78,996 down + Seller Note, Excellent Yelp/Google Reviews

Orange County based Painting Company servicing Orange County and parts of LA County, $745,352 sales, $221,187 DE only $78,996 down with SBA financing, Asking $380,000. The company provides superior residential exterior & interior painting, commercial exterior & interior painting, stucco repair, and wood & trim repair plus excellent customer service. The company boasts excellent Yelp Reviews of 4.5 Stars and 5 Star Google Reviews plus excellent Angie’s List Reviews.

The seller has built a business that is scalable, growing and easy to run. The company has a successful ongoing internet marketing program that delivers steady leads and growth. The company also has a CRM system in place that tracks all leads, provides automated email follow up campaigns and tracks customer actions/notes. The seller has created a quote template with the complete scope of a painting job using a 5 step process for estimating & quoting projects.

Summary
* $745,352 gross sales
* $221,187 Discretionary Earnings
* $78,996 down payment with SBA financing
* Asking $380,000
* Seller will carry note for 10% of transaction value with SBA financing
* Licensed C33 Painting Contractor, Seller will RMO for Buyer

The company has a well-trained professional staff that are:
*OSHA compliant
*Uniformed & professional
*Attend weekly safety meetings
*Trained in ladder safety & fall prevention
*Clean job site daily & remove equipment & debris

Down Payment & Working Capital Required
The down payment required for this transaction is a minimum of $78,996 cash down payment with SBA financing. Additional working capital of approximately $50,000 is required. A minimum FICO score of 700 is required for SBA financing.

Seller Role & Buyer Requirements
The Seller presently works approximately 20 hours per week, and does all of the bids and quotes. The Seller is in the field two days per week doing quotes and bids at customer locations and visiting customer projects as required, working from home the rest of the week. The Seller handles scheduling and company financials, payroll, and ordering materials.

The Seller will act as the RMO (Responsible Managing Officer) for one year while the Buyer obtains their C33 Painting & Decorating Contractors License.

Detailed Information

Location:
Orange County, CA
Financing:
$38,000 5 years, 8% with qualified SBA Buyer
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Contact the Seller

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Bill Grunau

Business Listed By:
Bill Grunau

Pacific Business Sales

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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