Listing Number: 0101-626947
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.
- Price: $1,900,000
- Down Payment: $1,500,000
- Sellers Discretionary Earnings: $695,690
- Total Sales: $1,859,994
- Location: Broward County, Florida
- Inventory: $1,000
- FF&E: $80,000
- Employees: 12
- Year Established: 1996
- Reason for Selling: Retirement or Majority Recap
- Category: Construction