This industrial painting company completes approximately 40
municipal and infrastructure projects annually, including
bridges, tunnels, subway stations, and water treatment
facilities. The company is supported by an experienced
management team of 14 and 50+ laborers. This staff allows
the owner to live out of state and spends only 10-15 hours per
week on financial oversight and business management. The
corporate location is a 2,000 sq ft office out of state where the
team handles all administration, bidding, and billing functions.
There is a 5,000 sq ft warehouse in NYC where the foreman
and field labor report and where the equipment is stored.
Their client base consists of general contractors that have
been awarded contracts for infrastructure & municipal
projects; 80% or more of clients are repeat and 20% are new.
Services are weighted toward industrial painting (70%) with
additional safety shield and platform installations (30%).
Operations span multiple states, with approximately 90% of
revenue generated in New York. The offering includes $1.085
million in working capital, plus vehicles and equipment valued
at approximately $1.7 million.
Priced at $17,250,000, this opportunity represents a turnkey
operation with established systems, a loyal client base, and a
reputation for quality and reliability in industrial painting and
access solutions. The owner has offered to carry 10% of the
purchase, roll an additional 10% of equity, and has committed
to supporting a smooth transition, offering a period of one to
two years.
- Asking Price:
- $17,250,000 Furniture / Fixtures included
- Sales Revenue:
- $30,191,201
- Cash Flow:
- $5,091,728
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Retirement planning
- Employees:
- 64 FT including 14 in Leadership & Administration; 2 Estimators, 3 Project Managers, 5 Foreman, 2 Office Administrators, 2 in Accounting, and 50 Painters/ Laborers
- Years established:
- 2006
