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BUSINESS FOR SALE - PROFILE #  42520076

Well Known, Profitable Painting Frachise for sale
Charlotte

Asking Price: $480,000   Down Payment: $480,000  
Gross Revenue: $1,022,264   Adj. Cash Flow*: $1,022,264  
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Executive Summary

As a unit of one of the largest painting franchises in the country, this business successfully applies effective and distinctive marketing programs with consistent and measurable quality-control processes that have resulted in far-above-average customer reviews and ratings.


While there is nothing ‘sexy’ about a painting business, it is a service that is neither going to be outsourced overseas nor performed anytime soon by Amazon or any other technology application.  Plus, it is a service that is needed at least every few years.  And THIS one has revenue over $1mm and Seller Discretionary Earnings of $160,000+.


According to the U.S. Census Bureau, Charlotte is one of the fastest growing cities in the country and is expected to grow 47% between 2010 and 2030 (Charlotte Business Journal Feb 3, 2015).  This protected Charlotte franchise territory has been owned by the Seller since 2011.  The bulk of their business is residential painting in a dense and fast-growth area of Charlotte NC.  They also provide commercial painting services to apartments, universities and other commercial locations; and are not limited geographically in providing those services.


The owner oversees operations, scheduling, sales and marketing; but does not pick up a paint brush!  All work is performed by a team of sub-contractor workers who are proven to be reliable and consistent…some of whom have done projects for this owner for 8 years. 


The business leases a small office space; but all supplies and equipment are owned and maintained by the sub-contracted work crews.  No paint cans or equipment are stored by the business owner.


Normal operating hours are daytime hours of Monday through Saturday.  Commercial jobs may occasionally require evenings or Sundays.


This business has been pre-qualified with two SBA lenders.

Acquisition Highlights

  • Financing Information:  Pre-Qualified for SBA Lending, for a qualified buyer
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2012 Inventory:
Employees: 2 Furniture, Fixtures & Equipment: Included
Real Estate:
Included
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Adam Petricoff
Phone:  (704) 360-8898
Fax:  (704) 272-4477
Other:  (704) 905-8658
E-mail:  apetricoff@vrcharlotte.com
VR Business Brokers - Charlotte, NC
9301 Monroe Road
Suite L
Charlotte, NC 28270
www.vrcharlotte.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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