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High Margin Painting Company Serving Harford, Baltimore, and Cecil Co
Harford County, Maryland, United States
Asking Price$295k
Revenue$781k
EBITDA-
Cash Flow$160k
Description
Well-established painting company located in Harford County, Maryland and also servicing Baltimore and Cecil counties since 2007. Known for premium quality, the business specialized in both residential and commercial painting. Besides the owner the business employs a service manager/office manager as well as two long-standing painting crews. The two crew leads have been there 12 and 15 years. The business has a large customer database and 75% of revenue comes from existing customers and referrals from previous customers. This offers a strong foundation for consistent cash flow and future growth.
Number of EmployeesFull-Time: 6
Year Established
2007
Reason Selling
Retiring
Facilities & Assets
The business currently operates from a rented space in Harford County. Included in the sale are all tools and equipment necessary to support two fully equipped painting crews capable of delivering high-quality work from day one.
Support & Training
The owner is willing to provide training for daily business operations and providing painting estimates which is estimated to take 4 to 6 weeks. Additional support can be provided to transition commercial relationships. The owner is flexible and is willing to do what is necessary to support the new owner.
Market & Competition
The company currently serves a 20-mile radius around the city of Bel Air, in Hartford county Maryland. This includes parts of Cecil and Baltimore Counties. While many competitors simply paint over existing surfaces, this business performs full wall preparation, delivering a “level-4 finish” before painting. This premium service allows for 20 to 50% higher pricing, and generates strong referrals and drives repeat business from both residential and commercial clients.
Growth Opportunities
Significant growth potential by expanding further into Baltimore. The current owner has prioritized quality of life over expanding the business and so only services an area 20 miles around Bel Air where he lives. New zip codes can be added to existing marketing efforts to expand the area.
The business has recently switched to a new marketing company with a track record of success. They were referred by a fellow owner in the painting industry who expanded his marketing spend with them since he was seeing so much success.
Financing Options
Seller financing is available.10% owner financing available
Related Categories
Asking Price$295k
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