Asking Price: $500,000

Gross Revenue: $1,665,007

Cash Flow: $266,563

Seller Financing: The owners are seeking the most attractive offer and are willing to entertain varying financial and legal structures.

Started in 1973, the primary service of the company is the painting portion of new dwelling construction, which includes condominiums, town-homes, and single family units. The company also performs some rental unit repainting and small scale commercial work. The company’s client base consists of builders ranging from small, local, one- man operations to several national public companies. 20 well trained employees work for the company. The company is ideally located to take advantage of the future increase in home building in the Baltimore region due to the U.S. Armed Forces Base Realignment and Closure (BRAC). A full suite of equipment is included in the sale including, vehicles, miscellaneous office equipment, tools dedicated to each truck, spare ladders, extra truck utility caps and racks, scaffolding, and portable propane heaters.

Year Established: 1973

Employees: 20 full time -

Relocatable: Yes

Facilities: The company leases 1400 square feet of office space for $6,000 a year. The current lease is on a month to month basis and a new owner will have full discretion for a new location as the present office space will not transfer to the new owner. Because the actual production happens elsewhere, the office can be located wherever it is most convenient for the new owner. It can also be assimilated into the existing office of a larger company.

Market Outlook and Competition: The company’s competitive advantages include the relationships it has established with home builders all over the Baltimore region. Their reputation, highly skilled employees, quality of service, and brand awareness has allowed them to maintain those relationships.

Management Training and Support: The owner is passionate about seeing the business succeed and is willing to stay on for a reasonable period of time to provide a smooth transition. The owner hopes to work closely with new ownership and contribute to the success and future growth of the business.

Reason For Selling: The owner feels that this is a perfect opportunity for him to step down as the owner of the business. The owner would like to sell the business to an individual or company that is poised to take the business to the next level. At this stage in his life, the owner does not believe that he is prepared to handle the growth opportunities currently available.