Profitable, In-Demand, Painting Contractor Business

Marion County, FL
Painting Contractor
Asking Price:$525,000
Gross Revenue:$510,000
EBITDA:$190,000
Established Year:1999
Cash Flow:$190,000
Inventory:$2,000
FF&E:$40,000
BUSINESS DESCRIPTION

Consistent Repeat Book of Business; $55,000 Down Payment to Own!

$55,000 Down Payment to Own!
The Business has a rich 25+ year history with existing clientele and significant room for expansion and growth.

Deal Recap:
Gross Revenue: $510,000 +
Purchase Price: $525,000
Cash Flow: $190,000+
Down Payment: $55,000
Flourishing Painting Contractor Business, North Central Florida

Great Opportunity; Marion County, Florida!
Step into a thriving Painting Contractor business

Perfect Buyer:
Motivated entrepreneur in, or looking to relocate to, North Central Florida
Entrepreneur seeking to find a well paying career
Strategic acquisition for existing Contractor company or
Painting Contractor experience is a plus

Established Clientele:
25+ Years in Business

Buy an established Business with existing clients for $55,000 down!*

*(To qualify for 10% down you must have 10% post closing reserves, total 20%)

Flourishing Paint Contractor for sale $525,000. Currently grossing $510,000 and Nets $190k+ per year as an owner operator of the business. Includes 3 employees in place willing to transfer with the business. This business operates in Marion County, Florida and currently has 3 employees. The seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Great Opportunity at a Great Price!

Financing: SBA financing IS available for this transaction up to 90%.

*To qualify for 10% down you must have 10% post closing reserves, total 20%

What Does Financing do for you:

Purchase Example:
10% down, 11.50% interest, 10-year Amortization

Purchase Price $525,000

Equity Investment: $ 55,000
SBA Loan: $ 470,000
Working Capital: $ 0
SBA Guarantee Fee: $ 14,100
Closing Costs: $ 10,000
Total SBA Loan: $ 494,100

Monthly SBA Debt Service: $ 6,947

Cash flow: $ 190,000+
Annual SBA debt service: $ 83,362
Cash Flow Net of Debt Service: $ 106,638

Cash on Cash Return: 193,89%

Please complete the attached NDA now and email to info@AegisInvest.com, along with the first page of your bank or brokerage statement, or online snapshot (with account number redacted), showing at least $55,000 down payment as your Proof of Funds.

OR

COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature.

https://secure.rightsignature.com/templates/0541eaa6-3adf-48df-9285-c9ffe912710f/template-signer-link/df57768eb1bba9325b28fe33ce796d8b

Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.


ATTACHED DOCUMENTS
Paint NDA.pdf Download

DETAILED INFORMATION
Location
Marion County, FL
Inventory
Not Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Contractor Trucks & equipment included with the sale
Competition
The Business has a rich 25+ year history with existing clientele and significant room for expansion and growth.
Growth & Expansion
Significant room for expansion. Owner has to turn away business.
Support & Training
Seller is willing to stay on for 30-45 days, subject to negotiation.
Reason for Selling
Retirement
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Darin Jerger
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Darin Jerger