Paint & Finishing Product Retailer
Financial Information
- Asking Price: $985,000
- Gross Revenue: $1,650,000
- Cash Flow: $194,000
- Down Payment: 0
- FF&E (Included): $150,000
- Inventory: $438,000
- Financing: No
Business Location
- Knox
- Knoxville
- Tennessee
Since the 1950's, this company has been the go-to place for paint, stain and coating needs. Homeowners, painting contractors, and commercial and industrial facilities depend on them for the exact product they need at the affordable price they're looking for. Service, though, is what truly sets this company apart. From recommending the right product to taking the time to get just the right paint or stain color match, you can depend on their employees. They have over 200 years of collective "in-store" experience in doing it right. This company averaged $1.65M in revenue over the last 3 years and is projected to outpace that in 2020. Seller discretionary earnings in the last 12 months is $194,000. This company has operated based on word of mouth referrals and its longevity in the marketplace. It's current structure is with an owner operator. This structure could continue, or there is an opportunity to run this company with a General Manager via Part Time Manager Owner or Investment Owner.
Support / Training Comments
The seller is willing to train and transition the purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Reason For Sale
Retirement- Home Based: No
- Year Established: 1956
- Franchise: No
- Year Acquired: 1956
- Willing to Train: Yes
- Relocatable: Yes
- Required Licences:
- Is Property Leased: No
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: N/A
- Days Open: Mon-Sat
- Hours Open: M-F 6:00-5:00 Sat 7-12:00
- Fulltime Employees: 4
- Part time Employees: 1
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: $0
- Monthly Rent: N/A