Sold! Facility Services – Commercial Coatings, Painting, & Cleaning

Price: $1,450,000

Location: Fairfield County, CT

Industry: Service Businesses

Listing ID: 33462919-PV

Full service commercial and industrial contracting company that provides floor & surface coatings, painting, and cleaning services for various facilities and warehouses, both large scale and small. The business has strong demand for their services, established accounts as well as a solid reputation, skilled employees and work crews. They serve commercial real estate, food and beverage, manufacturing, automotive, aerospace, construction, municipalities, and more.

Their services include epoxy, urethane, & waterproof surface coatings, and they can handle all necessary prep work, including repairs, diamond grinding, shot blasting, leveling, etc. They also provide all types of painting and cleaning/pressure washing services including buildings, ventilation, machinery degreasing and more. They can handle heights and high traffic areas for all types of warehouses and facilities.

The owner provides advanced training and has skilled employees capable of handling all the field work. They use the latest techniques and technologies for superior results and strong customer satisfaction. The company has significant assets in equipment and vehicles. The seller is looking to transition to retirement and will support a buyer after the sale as needed

Gross Revenue: $1,900,000

Cash Flow: $375,000

FFE: $350,000 (Included in price)

Reason for Sale:

Retirement

Training & Support:

Business is fully staffed with skilled employees. Owner will assist with operational and managerial support after the sale

Year Established: 2008

Days & Hours of Operation: Mon to Fri

Owner Hours Per Week: 40 to 50

Employees: 10

Managers: Owner plus project manager

Monthly Rent: 2500 NNN

Type of Location: Standalone Building

Square Footage: 2500

Facilities Information:

Corner property - stand lone service building with business offices for lease. Assets include paint sprayers, concrete prep equipment and vacuums, hand tools, miscellaneous tools, office equipment, and significant vehicle assets

Potential Growth:

strong growth with marketing efforts and added staff

Financing/Terms:

bank financing, SBA preapproved