CCB painting contractor w/$120k PPP Forgiveness

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Call Us:

Boise: (208) 906-0237
Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 438-9705
Los Angeles: (213) 438-9705
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Spokane: 509.443.4337
Stockton: (800) 622-0192

Category:
EG10571 - Building and Construction

Location:
Oregon - Oregon

CCB painting contractor w/$120k PPP Forgiveness

Business Description:

30+ years at the top of the residential and commercial painting market with lead certifications, competent and reliable crew, well maintained trucks and equipment with available real property in this once in 30 year opportunity to acquire a well known brand known for the highest quality. Excellent add on for an existing contractor looking for a huge local established base of satisfied customers to offer new services to and a complete crew capable of performing any work that is bid. Younger work force with specialty knowledge makes this an excellent acquisition for a general contractor with an aging crew. $473,000 price includes $291k asset value for all vehicles and equipment in addition to durable cash flow. A 2bd/1ba 752sf house on Industrial Improved zoned .52 acres is available for $375,000 (taxes are ~$1400 per year). COVID drastically reduced the 2020 interior painting income usually performed in the winter months however, the company is experiencing a rebound with an apartment complex and a pipeline into Summer of 2022.


Asking Price: $473,000


Inventory (included):
$2,000

Real Property Available:
Yes

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Recast Earnings (Not Verified by Business Team)

8 Months Ended

8/31/2021

$453,382
(Sales)

($29,697)
(Adjusted Cash Flow)

12 Months Ended

12/31/2020

$813,358
(Sales)

$31,800
(Adjusted Cash Flow)

12 Months Ended

12/31/2019

$1,184,187
(Sales)

$297,679
(Adjusted Cash Flow)

12 Months Ended

12/31/2018

$843,736
(Sales)

$113,647
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 6 0
Owners 1 0

Hours of Operation
8-4 M-F

Licenses Required:

  • CCB painting contractor
  • lead certification

Lease

Monthly Rent Including NNN:
$0

Expires:

Option:
No

Size(sq.ft.):
752

Miscellaneous

Type of Organization:
LLC

Reason for Sale:
Retirement

Training:
8 weeks 10 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Boise: (208) 906-0237
Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (213) 438-9705
Los Angeles: (213) 438-9705
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 584-6248
Seattle: 425-957-6180
Spokane: 509.443.4337
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.