Detail information about the listing
Commercial and residential painting contractor operating throughout the Greater Puget Sound area. The Company is focused on commercial work with some exposure to residential jobs, and has diverse project experience covering interior and exterior paint work, new construction, and renovation of existing structures. Repeat work received from notable contractors in the region is a testament to the Company’s ability to deliver exceptional service quality.
On site work is completed primarily by in-house painting staff and the Company has the capacity to deploy multiple crews concurrently. The business makes use of both temporary and subcontracted labor as needed to meet demand. The current backlog of projects exceeds roughly $1M of potential revenue, which is a strong indicator of the demand for high quality service providers. As of the end of second quarter 2021, the Company is scheduled out well into the fourth quarter.
Current operating results reflect that of an established entity that generates steady revenues and cash flows. The current owner’s involvement with day-to-day operations is variable depending on the needs of the business, and they have been able to enjoy further distance from operations, frequently taking vacations, working short weeks and recently relocating to another region in the state.
The ideal buyer could choose to either continue operations as-is, enjoying the benefits of a mature business, or, take the business to the next level.
Parties interested in pursuing this transaction are encouraged to respond to Hunter Arwood to discuss thoughts on value and possible deal structure.
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