SBA Approved Absentee 50+yrOld Painting Co w RE NETS $918,187!!!!

Queen Annes County, MD

Seller Financing Available

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Asking Price:$4,750,000
Gross Revenue:$2,595,553
FF&E:$200,000
Established Year:1970
Cash Flow:$918,871
Inventory:$150,000
Real Estate:$700,000
BUSINESS DESCRIPTION

Owner Absentee AAA-Rated Accredited Lead Painting & Restoration Company with Landmark Corner Property | Low Operating Costs High Profit Business | Operating in the Moneymaking Target Market from NY to DC Metro Area | Majority of their Sales Comes Through Repeat Business | Strong Cash Flows Year on Year | Loyal Customer Base with Impeccable History Has Earned Rocksolid Brand Recognition | Consistent Growth Expected in Revenue & Profit Trends in 2024 & Beyond!!!!!!!!!!!!!!!!!!!

REPUTED HISTORY & TRUE VALUE INVESTING OPPORTUNITY FOR BUYERS
Well established Mid-Atlantic, well known property improvements and painting company, successfully catering to residential and commercial customers alike with fantastic credentials. Established since 1971, this firm specializes in painting and restorations services supporting residential and commercial clients. Enjoys reputation for high quality workmanship with all kinds of customers. Business has earned an impeccable reputation for a reliable service provider due to its outstanding customer service provided throughout. With virtually very little competition and expertise in its niche, the company has earned its status as a one of industry leaders.

FULL RANGE OF HIGH QUALITY SERVICES OFFERED
Throughout its long history, company has ensured highest standards by offering a full selection of services for both residential and commercial clients, with proven track records. Company day to day services including, Interior and Exterior Painting, Plaster and drywall repair, Hardwood floor sanding and refinishing, Storm window sales & installation – Window restoration (glass reglazing and replacement), Furniture and Door refinishing (stripping, repair and refinishing), and Kitchen Cabinet Refinishing for residential as well as historical restorations to commercial and industrial projects as per request. Perfectly blending only the best quality services with a customer-centric educational approach has provided a fertile stream of customers. Their preparations are second to none and is reflected in final products endurance, longevity and appearance and excellent after services.

130+YEARS COMBINED LEADERSHIP EXPERIENCE & A VIRTUAL MONOPOLY
Indeed, ownership’s commitment to providing timely, efficient completion of all projects has been rewarded with the company’s “favored son” treatment in awarding new jobs consistently. Further, management cites their staff’s core competencies and substantial equipment complement as significant barriers to entry for new competitors thus resulting in a virtual monopoly in picking up new work in their industry. Management’s keen focus on painting industry's knowledge and an in-house training program for all employees allows the company to be a trusted advisor to home and commercial property sectors professionals and laypersons. Management’s cumulative 130+ years of experience in serving the market has helped built fabulous relationships with their loyal customer base maintaining strong customer retention rate of over 73% consecutively.

STATE OF THE ART OFFICE & WAREHOUSING FACILITY ON A BUSY HIGHWAY
Thanks to excellent operational and warehousing structures and highly efficient team of professionals company maintains extremely good relationships with their customers and suppliers/vendors, resulting in sales and growth in orders book which means creating of new projects pipeline. Premium location is situated at the main street in the fastest growing population centers in the USA. A well-appointed facility and yard to store its assets including range of raw materials, trucks and other equipment as well as a loyal, motivated staff.

GOVERNMENT PROGRAMS SUPPORT INDUSTRY GROWTH
New state and federal government programs encourage residential, commercial and industry property owners to upgrade/improve their properties to make them look great and sustain a long-term value for their owners' and tenants.

KEY FINANCIAL PERFORMANCE FACTS YTD 2024 & BEYOND


DETAILED INFORMATION
Location
Queen Annes County, MD
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,000
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Building and grounds in EXCELLENT condition and good for next 10 years. FF&E Overview: Highly valuable interior includes fantastic handcrafted designs, fixtures, fitting and luxurious buildout/fitouts all over the business to create an experience for the customers. FF&E General Condition: State of the art and well maintained FF & E good to go for next 10 years.
Competition
There are other painting and home improvements/refurbishments companies in the area but few as tried and seasoned as this one hence they enjoy strong customer satisfaction and unraveled royalty. Thanks to their strong loyal customer base, this business has survived and thrived with authority throughout every economic crisis and climate for the last over 50 years and growing up every year with solid bottmline performances.
Growth & Expansion
Enormous growth potential exists in the following areas: - Organic business growth -Aggressively Targeting residential and commercial builders and developers in Mid-Atlantic region and I-95 Corridors and nationwide - Government buildings and infrastructures - Industrial and large scale commercial businesses /properties maintenance long term contracts including Malls, Airports and Federal and state Agencies - Boost ongoing sale through the Digital marketing and print media marketing
Financing
Owner Terms:$1,000,000.00 Interest:9% Term Months:60 Monthly Payment:$20,105.00
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Retirement
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Aamer
Chaudhary
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Aamer Chaudhary