Well-Known, Profitable Painting Franchise

Charlotte, NC (Mecklenburg County)

Seller Financing Available
Well-Known, Profitable Painting Franchise
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Asking Price: $525,000

Cash Flow: $160,334

Gross Revenue: $1,179,000

EBITDA: N/A

FF&E: $25,000

Inventory: N/A

Established: 2011

Well-Known, Profitable Painting Franchise

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Business Description

Excellent Franchise and Territory, Solid Cash Flow

A distinctive unit of one of the nation’s largest painting franchises, with $1mm+ revenue, Seller Discretionary Earnings of $160,000+, and far-above-average customer reviews and ratings.

The owner oversees operations, scheduling, sales and marketing; but does not pick up a paint brush! All work is performed by a team of sub-contractor workers who are proven to be reliable and consistent…some of whom have done projects for this owner for 8 years.

While there is nothing ‘sexy’ about a painting business, it is a service that is neither going to be outsourced overseas nor performed anytime soon by Amazon or any other technology application. Plus, it is a service that is needed at least every few years.

According to the U.S. Census Bureau, Charlotte is one of the fastest growing cities in the country and is expected to grow 47% between 2010 and 2030 (Charlotte Business Journal Feb 3, 2015). This protected Charlotte franchise territory has been owned by the Seller since 2011. The bulk of their business is residential painting in a dense and fast-growth area of Charlotte NC. They also provide commercial painting services to apartments, universities and other commercial locations; and are not limited geographically in providing those services.

The business leases a small office space; but all supplies and equipment are owned and maintained by the sub-contracted work crews. A minimal amount of equipment is stored at business premises.

Normal operating hours are daytime hours of Monday through Saturday. Commercial jobs may occasionally require evenings or Sundays.

Franchisor and owner will provide thorough training and transition support to a new owner.

Pre-Approved for SBA Loan for qualified buyers.

Detailed Information

Location:
Charlotte, NC
Employees:
2 + Owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Small office space for headquarters. No paint and minimal equipment stored on site.
Support & Training:
Owner will work on transition plan. Buyer will need to work with Franchisor on specifics of training.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Adam Petricoff

Business Listed By:
Adam Petricoff

VR Mergers & Acquisitions - Charlotte

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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 M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. 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.

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