8 year old Painting, Holiday Lighting & Light Home Services Company

Cincinnati, OH
listing image
Asking Price:$165,000
Established Year:2016
Gross Revenue:$403,000
BUSINESS DESCRIPTION

Motivated seller. Get the entire Cincy/NKY market!

This is a rare opportunity to purchase a one of a kind painting, holiday lighting & light home services company that offers a turn-key business model with proven processes, integrated technology, US based call center, and an inhouse dedicated marketing team. This is an existing business, not a start up! Basically it's a 6 territory deal for the price of getting 1 territory off the ground with revenue, existing customer base, multiple 5 star reviews & a list of current sub contractors!

The business also offers additional services such as:

-holiday lighting
-epoxy floor coatings
-gutters
-cabinet refinishing
-power washing
-minor drywall
-carpentry repair

These additional services create bigger tickets and allow the owner to target customers more often throughout the year.

This is an opportunity to take over the entire Greater Cincinnati/Northern Kentucky market as a protected franchise territory from the owner who has decided to focus on a corporate career.

The current business offers:

-Strong, long standing business(started in 2016)
-Excellent reputation with happy customers (4.7 star Google rating with 73 reviews)
-existing and strong historical revenue with 12-15% of business coming from repeat customers.
-complete customer list for marketing purposes
-pre vetted sub contractor list
-scalability(you will own the entire Cincinnati/NKY area as protected(no other franchisees can come into your territory) as well as wide open areas outside the protected territory(next closest franchise locations are Columbus OH and Indianapolis IN. This means you can also work with customers in Dayton, Lexington, Louisville etc.!

Process and Systems Advantage:

With proven and repeatable processes, and tested and fully integrated systems, the business owner can confidently focus on gaining new customers and operational efficiency to grow a healthy business.

The following are key processes and systems that differentiates this business from their competition:

-Seamless CRM module that bridges their lead generation engine, national call center, and the field sales team with customer estimation requests.
-Integrated project workflow systems to assure their customers have a professional quality experience, resulting in referrals and repeat business.

National/strategic partnerships:

Sherwin Williams Partnership: the business has a national partnership with industry titan, Sherwin Williams. In fact, this brand is one of only a few companies that Sherwin Williams co-brands with and grants the use of their logo. They provide numerous benefits to the owner, including:
-You’ll be assigned a National Sales Reps
-Partnering owner with the top sub-contractors in the market
-National Discounts on paint
-Customer color consultations
-Credit terms to help franchisees cash flow

Other national programs:

-PPG Paints (lots of the same financial benefits as Sherwin-Williams)
-Benjamin Moore
-BuyMax – Discounts on everything from vehicles, gas cards, etc.
-Property Management – Target Homeowners Associations


This is a franchise business so the new owner will need to be approved by the franchisor before the sale can be finalized. A few things to know about the franchise side of this opportunity:

-this brand was founded in 1997
-over 40 locations nationally
-there is a 6% royalty

As stated previously, the owner is selling to devote his time to a corporate career. The price reflects what one would pay to get 1 franchise territory off the ground but this is the equivalent of 5-6 territories with:

-a book of business already in place
-a seasoned business with an excellent reputation (4.7 star google rating with 73 reviews)
-pre-vetted list of subcontractors

Owner is available to discuss the opportunity, reach out for more info.

Not interested in working with brokers/consultants at this time.


DETAILED INFORMATION
Location
Cincinnati, OH
Inventory
Not Included in asking price
Employees
2
Facilities
Approximately $16,000 of holiday lighting inventory included with sale. 10 foot square trade show display package(table cloth, and professionally printed backdrop)
Competition
This is in the home services sector. There are direct competitors including national franchise brands like 5 Star Painting, CertaPro Painters, Painter1, WOW 1 Day, along with private operators.
Growth & Expansion
The entire greater Cincinnati and Northern Kentucky areas are protected (no other franchisee of this brand can come into the market) and equate to 6 franchise territories. The closest other franchisees of this brand are in Indianapolis and Columbus which means all the other surrounding areas (Dayton, Lexington, Louisville etc) are able to be serviced.
Financing
3rd party financing options available
Support & Training
Full training and support provided by the franchisor.
Reason for Selling
The owner is focusing on going back into a corporate position within the industr
Home-Based
This business is Home-Based
Franchise
This business is an established franchise
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Sean Krimmer
Sean Krimmer