Off Market
Off Market
Highly Profitable Painting Business
$300,000
Windsor County, VT
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Gross Revenue
$583,700
Owner's Cash Flow
$228,000
Min Down Payment
$55,000
Employees
9 FT
Business Summary
Originally a painting and carpentry business, the current owner decided to cut the carpentry division to focus exclusively on painting. The painting division delivers higher margins and requires significantly less of the owner's time. This business has been routinely making the owners over $225k off of $600k in yearly revenues. With an SDE multiplier of 1.52, this long-standing business is priced to sell. There is a huge upside for a new buyer who wants to push into the commercial end. This region of the country has seen strong growth from NYC and Boston since the pandemic, leading to a large increase in demand for their services. Current property can be purchased with the business for an additional $190k. The owner has agreed to lease to the new buyer if that is their preference.
Key Highlights
Year established
1999
Real estate
Owned will sell or lease
Reason for selling
After 10+ years, the owners are off to their next great adventure!
Support and training
The current owners are willing to stay on for 3-6 months to help facilitate the transition.
