Seller Financing
Asking Price
$749,000
Gross Revenue
$1,720,838
Cash Flow
$250,000
Overview
Business
Description
Long established painting company serving the greater San Francisco Bay Area. Seller must sell due to other commitments. Earnings were $500K in 2021 and 2022, but have decreased to $250K due to Seller's absence. Your presence as a full time working owner is an opportunity to increase earnings again. C-33 Contractor's License is required.
The job mix is 80% residential 20% commercial with 25% interior and 75% exterior work.
The seller may consider some seller financing for a buyer who, in seller's sole opinion, is qualified and with adequate additional security. The seller also may consider an RMO arrangement for a transition period.
Growth Prospects
Company has opportunities to build its relationship with a building maintenance company and grow an opportunity with a manufacturer. Geographic service area could be expanded. Commercial jobs, now about 25% of business, could be expanded. The key to profitability is a full-time working owner.
Sale
Reason for Selling
Seller has other business commitments that limit available time for this business.
Training/Support
Negotiable
Premises
Facilities
The business occupies two spaces in a large industrial complex. Leases are industrial gross leases.
The main office space 855 sf per its lease and current rent is $2,281 per month. A second adjacent space is 465 sf per its lease with rent of $1,307 per month. This space is used only for painting jobs for one customer. A buyer could elect to not renew the second lease, which renews annually on 8/1.
Location
San Mateo County, CA
Contact The Seller
Listed by:
Click To See 5103841046 *Notice Regarding Third Party Advertisements: This Ad and all the contents are created and provided by the advertiser who is solely responsibile for the contents including without limitation, text, audio, video, images and links to other websites. We assume no liability or responsibility for the contents or the linked websites. Please click on links to Terms and Privacy Policy at the bottom of this page for additional information about the ads appearing on our sites.