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Industrial Painting Contractor in New York

New York, NY, US

Added 1 month ago

Industrial Painting Contractor

An industrial painting company in New York specializing in municipal infrastructure projects with a team of over 90 employees.

Asking

$18.8M

Revenue

$22.1M

Earnings

$4.5M

Multiple

4.2x

The company has been in operation for 15 years.
Receives approximately 40 projects per year, with $500,000 to $1,000,000 per project.
Backlog of $73,000,000 is included in the purchase.
Assets included total $2,800,000, with $680,000 in trucks and trailers.
Over 90 employees: 3 project managers, 8 foremen, more than 75 painters, and 6 administrative employees.
85% of clients are recurring.
Service area is 90% New York, 10% Pennsylvania, New Jersey, Delaware, and Ohio.
Both owners are active in the business; majority owner willing to stay on part-time for 18 months, other owner willing to stay for several years.
Sellers are willing to roll equity for 12.5% of the purchase price and provide a seller carry for another 12.5%.

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Painting Contractor with 85% Reccurring Clients - Business for Sale