Professional Paint Contractor Opportunity
About this business for saleProfessional Paint Contractor Opportunity
This franchised professional paint contractor business was established in 2015 and operated its operations mainly all over Gauteng. The business is an approved professional paint contractor with all the well-known and major suppliers and their target market is residential owners as well as commercial businesses.
The business is owner run with two sales managers, a project manager and an office administrative person.
All work is contracted out to well-trained sub-contractors under the supervision of the owner and project manager to ensure that a good quality of service is rendered and being maintained at all times.
The owner is involved on a full time basis with the marketing, managing and administration of the business.
The only reason for this franchised paint contractor opportunity coming on the market, is that the owner wishes to pursue other business interests.
Opportunities for a new buyer to grow/maximise the business, lies amongst others in the following:
*Establish a bigger and loyal customer base
*Set targets to the staff team of a turnover of about R1m per month
*More training to the sales team to manage more management accounts per month.
The average monthly turnover for the 19 months period March 2016 to September 2017 was R402 627.
The projected income for the 2018 financial year will be about R6m compared with the 2017 actual figure of R3.955m.
The average monthly calculated NPBITD for the 2016 and 2017 financial years amounts R32 228 with a ROI of 38.7% on the proposed selling price of R1 000 000 and a payback period of 31 months.
A detailed asset list is available.
The selling price of this professional paint contractor business on offer is R1 000 000 plus VAT (Where applicable) and includes assets of R214 000 and stock at cost of about R6 000.
Full financial statements of expenses/income as well as a detailed asset list are available to serious Buyers.
It is an ideal opportunity for a new Buyer to grow it further and to be successful in a very competitive industry.
For any further enquiries about the business on offer, please contact the listed Broker.