Incredible Painting Company with a Stellar Reputation
Iron County, UT (Home-Based,)
Asking Price :
$ 900,000
Cash Flow :
$ 192,000
Gross Revenue :
$ 585,000
Inventory :
$ 500
FF&E:
$ 15,000
Year Started:
2017
Business Description
This incredible company provides painting services to General Contractors and HomeOwners. It currently runs subcontractors only, allowing for rapid expansion and the completion of large jobs. The current owner does the sales, but this could be a hired position if the new owner doesn’t want to handle sales. There is a full time estimator for commercial projects as well as a Project Manager that oversees time lines and quality of projects. The company also currently has an assistant that manages many of the office duties, such as answering the phone, scheduling appointments, sending out paperwork, and updating various spreadsheets.This painting company is by far the highest rated painting company on Google in the area and one of the highest in all of Southern Utah. It has a great reputation for quality workmanship. Making money is easy with this company. You secure the job and then subcontract it out, taking 50% off the top for overhead and growth.
The company has a truck and trailer stocked with all necessary painting equipment. It has 6 sprayers, tubs of battery powered sanders, several extension ladders, 8' a frame ladders, a 6' A frame ladder, many step ladders, a few vacuums, and a variety of other tools. The business is ran out of the owners house, so there is no real estate involved.
This company has recently added drywall, acoustical ceilings, and metal stud framing to commercial jobs thus more than tripling work volume. It has also recently changed its focus to larger commercial jobs. Utah is one of the fastest growing states in the country and Iron County is the fastest growing county in Utah, percentage wise.
The current owner will teach the new owner how to use the CRM, how to bid and estimate, as well as find and on board subcontractors. Businesses don’t get much more turn key than this!
Detail Information
Location: Iron County, Utah
Inventory : Yes Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Employees: 12
Year Established: 2017