Commercial Paint Co - DOD Contractor

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Background

BizEx ID:BizEx1293-TM
General Location:Temecula, CA
Category: Special Trades
Construction
Years in Business:19
Under Present Owner:19
Hours of Operation:N/A
Owner Hours:40
Training:8 weeks @ 20 hours
Organization Type:C-Corp
Lease Expiration:N/A
Lease Options:N/A
Building Size:N/A
Employees:12
Reason for Sale:Retirement

Financials

Asking Price:$800,000
Down Payment:Negotiable
Gross Sales:$1,651,807
Discretionary Cash Flow:$192,000
FF&E:$87,000
Inventory Included?Yes
Inventory:TBD
Min. Operating Capital:$100,000
Real Estate Available?No
Rent:N/A
Payroll:$54,900
Financing:SBA

2018 2017 2016
Gross Sales $ 1,652,061 $ 1,418,011 $ 888,062
Gross Profit $ 711,105 $ 710,471 $ 326,694
Disc. Earnings $ 152,557 $ 250,257 $ -98,100

Description

 

VALUE PROPOSITION

Commercial painting contractor with the people, processes and long-standing reputation required to outperform the competition, year-over-year.

 

GROWTH & EXPANSION OPPORTUNITIES

This company has already won over $2M in bids for 2020!

Construction companies already operating as primary contract holders or sub-contractors would be able to quickly add gross revenues with this purchase. 

Additional estimators and outside sales reps would help capture many of the contracts that are currently available.

 

IDEAL NEW OWNER

The ideal new buyer would require the following knowledge and skills:

  • All aspects of commercial painting
  • Already hold an SBA or equivalent certification
  • Understand the federal contracting process and requirements
  • Experience with CAD, Job Costing, Estimating
  • Bilingual, Spanish


Download Setup Sheet



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.




Tony Miller
M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 143
Direct: (310) 801-0512
Lic#: 02004232

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations