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
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.
