Commercial Painting Company, $1.1M sales, $526.376DE

Orange County, CA
Commercial Painting Company For Sale
Asking Price:$1,490,000
Gross Revenue:$1,139,653
Established Year:1979
Cash Flow:$526,376
Rent:$518/Month
BUSINESS DESCRIPTION

Established 46 years, SBA financing available with $165,044 down

Commercial painting company, established 46 years, with $1.1M Revenue, $526,376 DE, Offered at $!.490,000 is available for acquisiton with $165,044 down SBA financing for qualified buyers. The company has consistently very high gross margins.

The company has a friendly professional team of 5 employees providing full service commercial painting for both interior and exterior projects.

There are opportunities for expansion geographically (outside Orange County), expanding to additional Orange County customers, as well as growing the Tenant Improvement business.

Summary:

* Offered at $1.49 million + A/R
* $1.1 million sales
* $526,376 Discretionary Earnings
* $165,044 Down w/SBA Financing

Staff:

* 5 employees
* Office Manager
* 2 Foremen
* 2 painters

Services:
* Commercial Painting
* Residential Painting (less than 10%)
* Tenant Improvements
* Waterproofing
* Wood, Drywall, concrete repair & Tis

Buyer Skills and Requirements:
The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business. While the buyer does not necessarily have to be an experienced painter, they must be willing and capable of learning the technical aspects of this business. This is not a passive owner business.

The owner has a C33 Painting Contractor License and and General Contractor B License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA). The buyer will have to obtain their Painting and General Contractor licenses. The Seller will provide training for 4 weeks/30 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.

Reason for Selling:
The owner is retiring after running the business for 46 years.

Inquiries from principals only


DETAILED INFORMATION
Location
Orange County, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
300
Lease Expiration
28/02/2025
Employees
5
Support & Training
The owner has a C33 Painting Contractor License and and General Contractor B License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA). The buyer will have to obtain their Painting and General Contractor licenses. The Seller will provide training for 4 weeks/30 hours per week and in addition, will provi
Reason for Selling
The owner is retiring after running the business for 46 years.
Report an Issue with this listing
profile-img
Bill
Grunau
logo-img
Bill Grunau