An established business within the paint and decorating space, is ready for your touch. Numerous upside opportunities exist to take this business to the next level, while relying on an existing solid client base that consistently grows organically at a rate of 5-10% per annum in one of the fastest growing catchment areas in Ontario. With investments in systems, the business is able to run much leaner than peers in this space and combined with well trained staff and 20+ years of client records the operation can either be full hands on, or part time. The present ownership enjoys a small-town lifestyle, while living only minutes from the present physical location and operate the business part time.
Seize the growing trend we witness of consumers choosing family run, small businesses over big box stores, so that the retail traffic continues to grow and at the same time continuing to grow the commercial side by offering great pricing, top notch service and expertise and one-stop shopping for builders and contractors along with franchised and independent painters.
Hit the ground running by relying on experienced staff who take care of the day-to-day tasks, leverage the free training offered by manufacturers who offer both hands-on as well as online training, combined with 6 months of owner support spells instant success for a new owner.
Asking price includes all technology (replacement cost of equipment alone is greater than asking price), furniture, chattels, good will, names, online presence, client base & records and represents 1.5X annual discretionary cash. Inventory is extra and is costed at replacement (seasonally dependant – Approx. $70.000)
Days Sales Outstanding (DSO) is seasonally dependant, but is always less than 20 days, while supplier terms are usually 30-60 days, meaning the business can easily operate from cash flow. Inventory turns are seasonal, but average out to between 7 and 8 turns annually, which is better than industry peers.
Business is for sale as the original plans to pass on to family have not come to fruition and owners wish to fully retire. Leverage the Brand; known for customer service and product expertise while deciding how best to position the business for your future. Expand the business by increasing the vertical space or deepening existing market penetration. As a small business, transition to new ownership can be via an asset sale or the sale of the un-encumbered numbered Ontario Inc. Financial Statements will be provided upon signing a conditional offer.
Please contact us for more details.