This is an opportunity to acquire a well-established, highly profitable painting business, successfully operating since 1999 in Nassau County, NY that is poised for expansion. At present, over 90% of the business revenue comes from repeat customers and referrals.
The business has been pre-qualified for SBA financing, providing qualified buyers with the funds needed to complete the acquisition with a low investment of $150K. Revenue stability is enhanced by the high percentage of recurring customer relationships.
A basic contractor's license is sufficient for ownership, and no prior painting experience is necessary. The business model is suitable for a minimal time commitment, making it suitable for owner-operators or professional managers.
Based on projected income, this business was originally marketed at an asking price of $1.25MM, with seller financing. Although the seller strongly believes in his income projections, he is ready for retirement and asked that we negotiate a sale based strictly on reported income and a bank financed, all cash close.
The business is a turnkey operation with established systems and procedures in place. Daily operations are managed with proprietary software solutions that monitor labor efficiency, project profitability, and performance metrics. The business is low overhead, operating from the seller's home, with an experienced manager overseeing an experienced working staff. The manager is expected to remain with the company.
Qualified buyers must execute confidentiality agreements and provide financial qualification documentation prior to detailed financial review.
Ad#:2454436
