Painting / Tiling Business With Growth Potential
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $334900
Net Profit / Cash Flow $122400
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 1 - 3
Inventory 18000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Owner is willing to train/assist with transition for 4 weeks.
Reason for Sale Focusing on main business.
Description This painting and tiling business has been growing every year since inception. In 2011, the present owner surpassed $330,000 in revenue and over $120,000 in cash flow. One of the main reasons for such growth and high profitability is that the New York and New Jersey state law mandates that each unit (rented or owned) must be serviced each time a tenant moves out. This law and the outstanding service this company provides is why the business has grown in these tough economic times. They offers professional painting and tiling services to several buildings located in Brooklyn, NY and Northern NJ.
All the painters/tile setters have a good reputation and can be left alone in luxury buildings/homes, which gives great comfort to their clients and especially to the present business owner.
The buyer does not need to know about painting or tiling (but it can help). The present owner pays professional subcontractors while only working 8 - 16 hours a week managing this business. The current owner does not currently market this business and has only been maintaining the current relationships. He has started another business and is looking to focus solely on that.
If you are looking for a strong business with growth potential, then this painting and tiling business is for you!
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