OFF-MARKET ‘Q1 2023
New Haven Painting & Remodeling Company for Sale
Location: New Haven, CT
Asking Price: $2,900,000
Cash Flow: $900,000
Gross Revenue: $2,200,000
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 2008
Employees: 0 employees (10 independent contractors)
Business Description
The Company is a family-run business that provides high-quality painting and remodeling services to residential clients in the greater Connecticut area. With over 15 years of experience in the industry, the company has built a reputation for its exceptional workmanship and outstanding customer service. The founder, a former executive in New York City, brings a unique touch of refinement and design expertise to each project.
The Company has received numerous positive reviews and referrals, leading to consistent business growth year over year. The company is known for its ability to listen to clients’ needs and deliver results that exceed their expectations. The founder believes in always putting the customer first, and will go the extra mile to ensure their satisfaction, even at the cost of their own pocket.
The Company’s mission is to be the go-to choice for painting and general contracting services in the New Haven, CT area. The Company’s unique selling point is the ability to provide design ideas and recommendations to clients, leveraging the founder’s professional experience and good eye. The Company values efficient and thorough processes, great communication skills, and a focus on customer satisfaction. There is potential for the Company to expand into interior design and partner with a designer to further grow the business.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
The Seller operates out of the home and, thus, making this Business a great acquisition for a buyer in any location
Competition:
The Company is growing at a rapid rate despite facing competition from larger scale businesses. Their competitive nature has allowed them to remain one of the top players in the industry, and with continued exemplary service, they are sure to stay that way.
Growth & Expansion:
The Company provides a few areas of opportunities that the new Buyer can get into in order to expand the business:
• Masonry
• Roofing
• Siding
• Windows
• Flooring
• Designing along with construction
Financing:
TBD if structure and terms are acceptable.
Support & Training:
To ensure a smooth transition and ongoing success the Seller will work with a buyer as needed for four weeks, up to 20 hours a week, and may be willing to continue to consult on an as-needed basis with a pre-negotiated hourly rate.
Reason for Selling:
Seller would like to spend his remaining years enjoying his retirement and pursue other hobbies and interests.
OFF-MARKET-High Net CT Painting and Remodeling Company for Sale
