BizEx274-KF: West LA Professional Painting

Background:

General Location:Santa Monica, CA
Category:Construction > Special Trades
Years in Business:3
Under Present Owner:3
Hours of Operation:M-F 7:30-5 Some Saturdays 1/2 day
Owner Hours:Same
Training:2 weeks, 40 hours/week
Organization Type:S Corp
Lease Expiration:N/A
Lease Options:
Building Size:0 sqft
Employees:10 FT; 0 PT

Reason for Sale:
Partnership issues

Financials

Asking Price:$215,000
Down Payment:$215,000
Gross Sales:$553,500
Discretionary Cash Flow:$125,000
FF&E:$ 5,000
Inventory Included?Yes
Inventory:$ 0
Minimum Operating Capital:$ 20,000
Real Estate Available?No
Real Estate Asking Price:$
Rent:$ 0/month
Payroll:$ /month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale is a professional painting contracting operation in the Santa Monica area of Los Angeles. This is a sales and marketing opportunity. Even in this economy the business is growing at a healthy pace. This is a franchise operation and has been around long enough for the owners to have done the heavy lifting of getting the business up and running and developed a following in its marketplace. Current owners had no experience in this field before opening the business and will show the buyer everything they need to qualify with the franchisor and how to handle the contractor license issue. If you have a sales background and can manage, this is a great opportunity. Very little working capital required and the business can be home based and run out of your garage. If you are looking for a growing business and want a strong parent company supporting you and standing by you every step of the way, here it is. Sale is forced by a partnership split so take advantage of this beautiful growing business supported by a strong and active franchisor.
For more detailed information please go to www.bizex.net and "register" as a buyer. You can also contact Kendric Foultz directly at 310-968-2369.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.