Cabinet Painting and Refinishing Company - Niche Business!


Asking Price: $225,000
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  Aaron Muller
Phone: 425.274.2092
Email: info@ACBrokersInc.com
 

Listing Information

Address: , Puget Sound region, WA,
Gross Income (last 12 months):
$399,196.00
Value of Furniture, Fixtures, and Equipment:
$34,603.00
Cash Flow (last 12 months):
$80,558.00
Included in Asking Price?:
Yes
Year Established:
2014
Value of Inventory:
$2,000.00
Number of full-time employees:
3
Included in Asking Price?:
No
Number of part-time employees:
0
Value of Property (if for sale also):
--
   
Included in Asking Price?:
No

Description


Established in 2014, this is a non-franchise, well-systemized business that specializes in painting and refinishing kitchen and bathroom cabinets. Whether it’s getting a house ready for sale or the homeowners doing a kitchen and bathroom remodel, giving the existing cabinets a brand new look is much more cost-effective and eco-friendly than replacing all the cabinets. As a specialty painting contractor that only paints kitchen and bathroom cabinets, the company has in-depth knowledge on how to make cabinets look good and works with interior designers to transform the kitchen with a “wow factor”. The company has three full-time painters. The owner works full-time in the business; about half of the owner’s time is spent on sales and general management, and half of it is spent painting cabinets. Due to health issues, the owner is selling the business. This is a wonderful opportunity to take over a simple, well-established, and niche business and grow it to the next level.

Facilities / Location


The business is home-based so the buyer will need to relocate the business. The business can be run from anywhere in the Puget Sound area. Three company vans outfitted with all the equipment are included in the sale.

Competition / Market Pros & Cons


Over the years, the company has developed a proprietary process that allows the job to be completed much faster with much less interruption to the homeowners’ use of the kitchen compared to what is offered by the typical painting contractor. The result is a much higher customer satisfaction rate and lots of five-star reviews.

Growth and Expansion Pros & Cons


Business has picked up tremendously in 2021 and the company is currently doing 7 to 8 jobs per month with an average of $8,000 per sale. Doing the math, revenues are expected to be much higher in 2021 compared to the revenues in 2020. The owner cannot keep up due to health issues. A new owner with fresh energy can take over the flow of business that is coming in, focus on marketing, and grow the business to the next level.

Support / Training Available


Seller will train the buyer on the company’s proprietary painting methods and business processes. Length of training period negotiable.

Reason for Selling


Health issues forcing the owner to sell.

Any Financing Seller Will Provide?


Cash at closing. Broker can assist buyer with obtaining bank financing with as little as 10% to 20% down.

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