Construction ServicesVerified Seller
Established Painting Company in San Mateo County - $649K - $240K Annual Cash Flow
San Mateo, California
Asking Price$649,000
Annual Revenue$500,000
EBITDA / Cash FlowUpon Request
Executive Overview
Discover a lucrative opportunity with this long-established painting company in San Mateo County, CA, offering a steady cash flow of $240K. Priced at $649,000, this business promises growth potential for a dedicated owner.
Key Investment Highlights
- •Location: San Mateo County, CA
- •Established: 1987
- •Employees: 13
- •Cash Flow: $240K
- •Asking Price: $649,000
- •Job Mix: 80% residential, 20% commercial
- •Work Type: 25% interior, 75% exterior
This painting company has a strong foothold in the greater San Francisco Bay Area. Initially generating $500K in annual earnings for 2021 and 2022, the income has decreased due to the current owner's absence. A full-time working owner can leverage this opportunity to restore and potentially increase earnings. A C-33 Contractor's License is necessary to operate.
The seller is motivated to sell due to other commitments and may offer seller financing to a qualified buyer who provides adequate additional security. Additionally, a Responsible Managing Employee (RME) arrangement may be negotiated for a transitional period.