Paint And Wall Paper Contractor For Sale

Business description

This excellent 3rd generation business has been providing superior services to commercial construction clients for 5 decades. This company is the largest, most reputable company of it's kind in the region owning a dominant market share. The company serves an active client base of over 45 customers of which 75% represent repeat business. Average tenure of managers is 20+ years which is nearly unheard of in this industry. Population demographics and new construction starts in the region are excellent. This opportunity should not be overlooked. Company services include tape and float, along with painting and wall covering installation for contractors based in the region. In 2006, new construction accounted for 70% of revenues, remodel work 20% and repaint jobs 10%. Jobs range in size from $60,000 to $200,000 with four to five large jobs at or above the high end range. The company currently sits on 3.2M in back logged orders that will be completed within the next year. Focus is on high quality work to satisfy customer needs, enhance company reputation and to generate increasing margins. The company currently employs 70 to 100 loyal employees.

Other information

Expansion potential:

Management cites significant opportunities to grow above and beyond the projections discussed herein given appropriate investments in capital assets and human resources. Already boasting a solid asset base and experienced personnel, management indicates that steeper growth for the compnay largely lies in accelerated investment in the Company’s asset base and capital to facilitate more aggressive marketing.

Competition / Market:

This client is the largest commercial painting contractor in the area and dominates the market. There are many smaller competitors but none have the long-term client relationships that this firm has.

Support & training:

Owners are willing to stay on through a reasonable transition period.

Reasons for selling:

Retirement

Contact the seller