Summary
Very profitable painting company for sale. Relocating overseas. Company servicing SE Qld. Started in 2000 and has been going strong for 24 years. Very good accessible income. Good long term clients.
Revenue
$1,000,000 pa
Rent
$8,400 pa
Expenses
$700,000 pa
Net Profit
$291,600 pa
Location Details
Queensland
Warehouse storage of all equipment is in Bulimba area. Servicing all areas throughout SE QLD
Potential
Potential growth of the business is totally up to the new owner. It has the capability of 200% growth without question. All the right systems are in place to grow as fas as you need. In the past the company has empolyed 20 people.
Skills
Painting and decorating background advised but not essential as I have now been running the business remotely fro 6 months. My team are very good and can run the day to day on their own.
Hours
Monday to Friday 7am- 3pm
Lease
Only a current lease on a vehicle but this is all included in expenses and not a great outlay.
Employees
8 xemployess at the moment.
Two full time - owners
6 x subcontractors
Reason for Sale
Relocating overseas. Can run remotely no problem but feel its time to move on.
About the Business
The Company is a very profitable business and has made very good money in the last 24 years. No tax debt, no finance outstanding. Looks after itself. Very attractive for the right person.
The customers include private clients, real estate agaents, gyms, restaurants and builders.
As I mentioned it is run remotely for the last 6 months so it is not a business the right person needs to be in day to day. It is quite possible to run this business as a supervisor and work on the business and not in the business.
Very good investment and very profitable.
History
Started in 2000 and now running for 24 years. Very established name and large customer base.
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