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Custom Residential Painting

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $500000
Net Profit / Cash Flow  $250000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1979
Number of Employees  1 - 3
Inventory  35000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will train.
Reason for Sale  Other ventures.
Description  Quality workmanship for over 28 years for Custom Residential Repaints - Interiors and Exteriors throughout Orange County. This licensed and bonded contractor has a repeat and referral client base that keeps his full-time crew of 3 plus himself fully engaged and maintains a backlog from 2 to 3 months. They specialize in only residential repaints. Masters of the Fine Finish. Jobs are high-end but fairly priced for the quality and care delivered. Revenues have ranged in the $250,000 to $275,000 range with seller's discretionary earnings in the $110,000 + area. However, in the first 6 months of 2007 the revenues have doubled and the seller expects his revenues to hit $450,000 and seller's discretionary earning to be $200,000. Owner said this is in part due to his more aggressively bidding for jobs, better profit margins and adding the third painter. He says 70% of his customers are not price shoppers, as long as he is fair. The average job ranges from 5 to 8 days with some larger ones more than a month. Virtually no advertising is necessary. Owner has a new company truck with logo and all new equipment replaced within the last year or two, which are included in the price. Owner said the business is transferable to a buyer who will maintain the quality and care reputation this company has earned. Requires a C-33 license. Office is in his house. Owner has other ventures in life that he wants to pursue. Contact for more information on this Residential Painting business for sale.
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