Profitable, In-Demand, Painting Contractor Business Marion County, FL
Asking Price:$525,000
Cash Flow:$190,000
Gross Revenue:$510,000
EBITDA:$190,000
Established:1999
Business Description
Consistent Repeat Book of Business; $55,000 Down Payment to Own!
The Business has a rich 25+ year history with existing clientele and significant room for expansion and growth.
$525,000
Deal Recap:
Gross Revenue: $510,000
Purchase Price: $525,000
Cash Flow: $190,000+
Down Payment: $55,000
Flourishing Painting Contractor Business, North Central Florida
Perfect Buyer:
Motivated entrepreneur in, or looking to relocate to, North Central Florida
Entrepreneur seeking to find a well paying career.
Strategic acquisition for existing Contractor company
Painting Contractor experience is a plus
Established Clientele
25+ Years in Business
Buy an established restaurant with existing clients for $55,000 down!*
*(To qualify for 10% down you must have 10% post closing reserves, total 20%)
Flourishing Painting Contractor for sale $525,000. Currently grossing $510,000 and Nets $190k+ per year as an owner operator of the business. Includes 3 employees in place willing to transfer with the business. This business operates in Marion County, Florida and currently has 3 employees. The seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Great Opportunity at a Great Price!
Financing: SBA financing IS available for this transaction up to 90%.
*To qualify for 10% down you must have 10% post closing reserves, total 20%
What Does Financing do for you:
Purchase Example:
Minimum 10% down, 11.50% interest, 10 year Amortization
Purchase Price $525,000
Equity Investment: $ 55,000
SBA Loan: $ 470,000
Working Capital: $ 0
SBA Guarantee Fee: $ 14,100
Closing Costs: $ 10,000
Total SBA Loan: $ 494,100
Monthly SBA Loan Debt Service: $ 6,947
Cash flow: $ 190,000
Annual Seller Loan debt service: $ 83,362
Cash Flow Net of Debt Service: $ 106,638
Cash on Cash Return: 193.89%
You may complete the NDA now using the link below. Please provide the first page of your bank or brokerage statement, or online snapshot (with account number redacted), showing at least $55,000 down payment as your Proof of Funds.
Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.
Contact Darin Jerger for details on all of our Premier Listings.
Darin Jerger
949-793-2999