Tri-County Profitable Commercial Painting Contractor

Ldhl, FL (Broward County) (Relocatable)

Tri-County Profitable Commercial Painting Contractor
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Asking Price: $1,900,000

Cash Flow: $695,690

Gross Revenue: $1,859,994

EBITDA: N/A

FF&E: $80,000

Inventory: $1,000

Rent: $655 /Month

Established: 1996

Tri-County Profitable Commercial Painting Contractor

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Business Description

Profitable Painting Contractor for Sale - Great Opportunty or Add-on

This is one of the most profitable painting contractors on the market today, in South Florida. They specialize in painting and waterproofing offices, warehouses, hotels, retail outlets, medical and industrial facilities (no residential). The business has been established for over 20-years and they thrive on an excellent reputation for getting the job done, on time and within budget. There is a well-trained staff of W-2 employees in place, as the owner Does Not paint but rather manages the operation as a true professional. There are about 20-longstanding clients (property managers, developers, general contractors) in place with very limiting advertising or networking being done.
The business has 3-county licenses (Miami, Broward and Palm Beach) and derives about 1/3rd of its revenues from each >. Revenues have grown from about $740k in 2016 to more than $1.8MM in 2018 and with over $1.4MM in this year’s pipeline already the seller is projecting at least $2.1MM for 2019. The seller(s) is seeking to retire from the industry, however they would consider staying on as a salesperson or even undertake a majority recapitalization, to further grow the business beyond their current means. Seller/Bank financing may be available, and the business should qualify for an immigration visa. *All buyers must be pre-qualified prior to disclosure. Please refer to listing # 0101626947 Business Broker Thomas Milana when you inquiring about this listing.

Detailed Information

Location:
Ldhl, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
12/31/2020
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease/Month: 655 Square Footage: 1000 Building Type: office/warehouse Terms & Options: TBD Expiration Date: 12/31/2020
Competition:
Non Compete : Miles: 75 Years: 3
Support & Training:
For 4 weeks at no cost
Reason for Selling:
Retirement or majority Recap
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Thomas Milana

Business Listed By:
Thomas Milana

Transworld Business Brokers, LLC.

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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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


Sponsoring Broker:
Andrew Cagnetta

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