BUSINESS TYPE: Painting Contractor
PRICE: $ 395,000
LOCATION: Yuba City, CA
LISTING ID#: 6308
INDUSTRY: Residential & Commercial Painting
Family owned, well-established highly successful painting contractor providing Commercial, Residential, and Light Industrial interior and exterior painting. A Qualified buyer may receive an SBA acquisition loan. Assuming 27% down payment of $80,000 and loan balance of $221,300, buyer could obtain SBA financing with an estimated interest rate of 6.25% APR, and 120 month term.
40 years of experience has created a solid reputation for this business providing full state-of-the-art painting/contracting service. Located on a ½ acre property with a 4,100 sq.ft. Warehouse/Shop including 10 in-service branded vehicles.
After working in the business for many years the current owners purchased the company, and are now preparing for retirement. With a strong reputation, experienced dedicated loyal staff, and a large market presence, this business makes an excellent opportunity for a buyer interested in carrying on the Owners’ commitment to excellence and pursuing new opportunities for growth.
Multi year local award winner for “Best Painting Service.” Learn from 40+ years of proven systems and procedures to provide outstanding service creating repeat business. Currently 9 FT employees, and 3 PT, with 11 year’s average tenure with the company, are servicing a 60-mile radius.
In addition to painting and staining services, they also do special cabinet finishes, metal finishes, vinyl signage and lettering, and historical restoration. They also offer high quality pressure washing/cleaning , and repair/replacement services.
Mostly repeat and referral business with a 1600 client database, including work history. Business mix is 45% residential, 48% commercial, and 7% light industrial. 2015 year to date revenue currently enjoying a tremendous growth level. The last 12 months revenues are up over 50% from 2014 as a result of the company’s incredible reputation.
Great location in a growing part of town with a much desired special permitted workshop. The seller owns the offices and yard and is willing to negotiate a long-term, market-based lease, or sell the real estate along with the business. Seller provided training is available.
Excellent books and records. Strong company name with a well-known positive reputation accompany a complete and up-to- date Website- informational photo gallery included.
The ideal prospect for this business is someone who is service focused, has hands-on leadership experience, 4-6 years industry experience, or a commercial painting contractor wishing to add market share in the growing North Sacramento Yuba City, residential, commercial, and light industrial painting market. Great opportunity as well for a husband and wife team.
2015 Revenue: $925,000
Asking Price: $395,000
Gross Income: $663,183
Cash Flow: $187,783
FFE: $44,700 (Included in Price)
Inventory: $5,000 (Included in Price)
Reason For Sale: Retirement
Training & Support: Training Included
Year Established: 1975
Days & Hours of Operation: M-F 730am to 430pm
Employees: 9 FTE, 3 PTE
General Location: Yuba City, CA
Monthly Rent: For negotiation with current owner.
Square Footage: 4,100 sq. ft
Home Based?: No