Established and Growing Painting Business
Albany, NY
| Asking Price: | $295,000 |
| Gross Revenue: | $962,000 |
| Rent: | $500/Month |
| Cash Flow: | $173,000 |
| Inventory: | $500 |
| Established Year: | 2019 |
Listing ID: 2317992Listing provided by BizBuySell
BUSINESS DESCRIPTION
You may hear painting and think - no thanks. Painting is not glamourous but it is lucrative and in high demand. The owner of this business does not paint - he is focused strictly on the business end of things while a couple of highly skilled outsourced crews perform the painting.
This business is currently focused mostly on residential jobs although commercial is a prime target as well. While the business is run about 80% from a home office, they do rent a few hundred SQ FT in a shared warehouse to store things like signs and some tools.
DETAILED INFORMATION
Location
Albany, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
600
Lease Expiration
01/03/2027
Employees
2
Facilities
1 fully wrapped Ford F-150 used to see prospects and visit job sites. Owner shares some warehouse space for storage of basic items.
Financing
3rd party SBA may be available.
Support & Training
Owner and corporate will provide initial transition support and training.
Reason for Selling
Current owning is moving out of state.
Franchise
This business is an established franchise
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