Off Market
Off Market
Long-standing Painting Services Business
$1,200,000
Cumberland County, NJ
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Gross Revenue
$789,064
Owner's Cash Flow
$458,897
Min Down Payment
$120,000
Employees
5
Business Summary
The business is a family-owned and operated business that specializes in painting services for residential and commercial properties. The company was founded in 2000 by the current owner, who had previously been working in his family’s Italian Market in Vineland, NJ. Realizing that he wanted to pursue a different path in life, he decided to start his own business and utilized his experience and knowledge of painting to launch the business.
Key Highlights
Year established
2000
Real estate
Owned will sell or lease
Reason for selling
After starting and growing the business over the past decades, the owner is ready to call it a day and enjoy time with the family.
Support and training
The owner is willing to stay on up to 6 months to help with the transition.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $5,626 | $5,279 | $4,758 |
| COGS | $489 | $8,691 | $7,440 |
| Gross Income | $5,137 | ($3,412) | ($2,682) |
| Operating Expenses | $572 | $1,906 | $5,555 |
| Operating Incomes | $4,565 | ($5,318) | ($8,237) |
| Net Other Income (Expenses) | ($1,355) | ($9,413) | ($5,010) |
| Net Income | $3,210 | ($14,731) | ($13,247) |
| Interest | $8,804 | $2,930 | $632 |
| Depreciation | $8,734 | $964 | $3,039 |
| Amortization | $3,912 | $3,887 | $1,356 |
| EBITDA | $24,660 | ($6,950) | ($8,220) |
| Add-backs | $54,576 | $67,083 | $58,749 |
| Owner's Cash Flow | $79,236 | $60,133 | $50,529 |
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Projected Free Cash Flow
