Under LOI – Successful Painting Contractor – West Michigan Area

Under LOI – This is an exciting opportunity to acquire a well-rooted business with proven profitability and a fifteen-year reputation in the community. The company has established itself as a well-known brand in the West Michigan construction industry. As a respected business with a robust list of past clients and solid relationships in the area, this is an opportunity to buy an already thriving business and take it to the next level.

Services include residential and commercial painting (interior and exterior) — new construction, remodels, and repaints. In the residential realm, lots of business with refinishing of kitchen cabinets.

Listing ID:

ABB-23105333-90

Location:

West Michigan

Type of Business:

Painting Contractor

Asking Price:

$800,000

Gross Revenue:

$1,978,000

Cash Flow:

$275,000

FF&E:

Included

Established:

2008

Employees:

12 F/T – 14 P/T – many IC

Facilities:

  • Located on busy corner with lots of traffic
  • Good building signage
  • Good warehouse space
  • Industrial spray booth

Real Estate / Lease Terms:

  • Available for lease or purchase

Growth Opportunity:

  • Significant new home builds in service area
  • Good commercial relationships to continue to build with
  • Continue to build kitchen cabinet refinishing business

Competition:

  • The industry is competitive
  • Franchise and individual firms

Support & Training:

  • Owner will provide support and training to create a smooth transition with employees, clients, and vendors
  • Several internal systems in place with ample documentation

Reason for Selling:

  • Seller moving into full time pastoral ministry

Broker Contact:

Larry Baumgart – Advanced Business Brokers

Direct: 269-330-6924

Fax: 248-564-5259

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.