Details - Information last confirmed on January 11, 2021
The Company is a full-service painting company serving primarily commercial and some residential clients in New York and Northern New Jersey. Approximately 90% of revenue is generated through repeat business with many of the largest customers using the Company’s services for more than 25 years. The Company has developed a special niche with building contractors, educational facilities, and senior care facilities. It also receives a high volume of work from homeowners in its immediate geography. It provides services for both new construction and regular maintenance of existing buildings, with the latter being the more prominent type of work completed.
Founded more than three decades ago, the Company has been very profitable with little to no investment in marketing, sales, or technology. Management runs a very lean operation, with 4 full-time employees, minimal capital expenditures, and zero debt. This acquisition opportunity is ideal for a strategic acquirer looking to expand its geographic footprint into New York and Northern New Jersey while inheriting a long-tenured, loyal customer base. The opportunity is also ideal for an entrepreneurial individual looking for a stable and profitable operation with low capital expenditure requirements to expand over a number of years.
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