Description of the business for sale
This outstanding company does mostly commercial painting such as schools, hotels, office buildings etc. Office with additional warehouse space attached. Business is a growth mode with increases for the past several years. Contracted jobs will maintain the income through this year. Management in place and willing to stay. Most employees are contract labor or 1099.Seller will remain on for an extended period as needed by buyer. Partnership possible to qualified buyer. Lender Pre-qual.. Our Listing #13403531. www.BizByJM.com
ADDITIONAL FINANCIAL INFORMATION
•Financing: $600,000 @ 10.75% for 120 mths = $180,000 @ 8% for 36 mths
•Inventory: $2,000
•FF&E: $49,000
•Real Estate$240,000
REASONS FOR SELLING: Relocation
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Support / Training provided by seller
3 weeks at no costs
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Description of the facilities
1200 Sq Ft in office/warehouse bldg. $2100 monthly. Lease expires 10/30/2012. Negotiable
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