Industrial Painting Business Focused 100% On Infrastructure For Sale

Description

Industrial painting and infrastructure services company operating across multiple states, with most revenue generated in New York.

Business

• Projects completed annually: approximately 40
• Municipal and infrastructure work
• Bridge projects
• Tunnel projects
• Subway station projects
• Water treatment facility projects

Service Mix

• Industrial painting: approximately 70%
• Safety shield and platform installations: approximately 30%

Team

• Management team: 14
• Field laborers: 50+

Owner Involvement

• Owner resides out of state
• Weekly involvement stated: approximately 10–15 hours
• Financial oversight
• Business management

Facilities

• Corporate office: approximately 2,000 sq ft
• Administrative, bidding and billing functions handled from the office
• New York City warehouse: approximately 5,000 sq ft
• Warehouse used for equipment storage
• Foremen and field staff report through the New York City location

Clients

• General contractors working on municipal and infrastructure projects
• Repeat clients: approximately 80%
• New clients: approximately 20%

Geographic Revenue Mix

• Operations stated across multiple states
• Revenue from New York: approximately 90%

Assets

• Working capital included: $1.085 million
• Vehicles and equipment: approximately $1.7 million

Transaction

• Asking price: $17,250,000
• Seller financing stated: 10% of the purchase price
• Seller equity rollover stated: additional 10%
• Transition support: 1 to 2 years stated

Additional Details

• Revenue: not provided
• Net profit: not provided
• Exact states served: not provided