Commercial Painting Contractor-New York City & Boros

Commercial Painting Contractor-New York City & Boros

Price: $995,000

Location: New York

Industry: Services, Paint/Decorating/Wallpaper

Listing ID: 888

Updated EBITDA:  Gross Revenue YTD, 8 months of 2019 = $1,700,000.
8 months SDE = $285,000 (annualized $425,000)

This full-service, renovation company serves the lucrative New York City marketplace. Established in 1991, it serves primarily commercial customers (10% residential) in the NY Metro area. The company is consistent and growing with robust opportunities available.
Products & services include:
• Painting
• Wall covering
• Carpentry
• Renovations

The Company takes pride in providing a best-in-class quality service to its devoted customer base. It attributes its success to the following reasons:

• Experience with Hospitals and Universities
• Many return customers
• Multi-year contracts
• Quality Control
• Fully Operational Support Staff
• OSHA Certified and other related certifications and licenses

Synergistic Savings for like kind business in excess of $150,000 ( Insurance, premises, Economies of scale).

Listing Details

Revenue: $1,880,000

Cash Flow: $249,000

Form of Ownership:

S Corp

Reason For Sale:

Retirement

Training & Support:

Support and transition available. Staff is capable of executing jobs and assignments with limited supervision.

Operation

Year Established: 1991

Owner Hours Per Week: 40

Location

Security on Lease: 6000

Monthly Rent: $ 3,050

Facilities Information:

On site services

Summary

Competition:

Limited competition with the quality and specific marketplace covered by this company

Potential Growth:

Outstanding Growth potential with existing and new opportunities with educational institutions and private industry. With the company capable of handling New York City and the 5 boroughs there is significant work available for the new aggressive owner.

Anthony Citrolo

anthony@nybbinc.com
631-390-9650
Address:
The NYBB Group
25 Melville Park Road Suite 216 Melville, NY 11747

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