Profitable semi absentee painting business for sale

Fort Lupton, CO (Weld County)

Profitable semi absentee painting business for sale
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Asking Price: $1,200,000

Cash Flow: $800,000

Gross Revenue: $3,600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,000 /Month

Established: 2006

Profitable semi absentee painting business for sale

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Business Description

Profitable semi absentee painting/handyman business

The seller is working with national and local builders, as well as innovative companies changing the real estate process. The company is currently operating in multi family, single family, hospitality, new construction, and existing homes. All sales are business to business with almost no homeowner based revenue stream, so there is a huge untapped market to grow into. He currently works as the estimator about 20-30 hours a week. There are currently qualified office and field personnel in place that operate the business effectively and efficiently with little of the owner's time consumed by the day to day operations. They currently offer painting and handyman services for a diverse workload that is desired by several of the clientele for the convenience of using one company to cover several trades. There are currently 39 employees with over 70 subcontract personnel that are utilized daily. There are currently contracts in place of over 8 million into the year 2021. There are also several existing contracts in place that are work order based. With more opportunities coming down the pipe frequently. The 3.6 million in gross income does not account for the several new clients with work order based projects that are predicted to bring in over 300 additional homes a month to complete handyman work on and paint 80% of those with an average ticket of 10k each!

Detailed Information

Real Estate:
Leased
Building SF:
950
Lease Expiration:
4/15/2019
Employees:
39
Competition:
There is very little competition structured in a similar manner to this company. Currently generates business through word of mouth and cold calls.
Growth & Expansion:
A new buyer could add this portfolio to an existing drywall or maintenance company to easily double the workload and increase the desire of current clients.
Financing:
Includes 3 company trucks and several hand tools as well as paint sprayers.
Support & Training:
As needed and willing to stay for up to a year.
Reason for Selling:
Looking to expand in real estate
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Business Listed By:
Brent Malocsay

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