$300,000
Business Type: Construction / Contractor Painting
Construction / Contractor Painting
This Franchisee is a very profitable residential and commercial painting
business that was built from the ground up in 2017 and is demonstrating very
strong growth year over year. This business provides exterior and interior
painting/staining services for the North Texas and surrounding areas and is
known for their outstanding quality work and superb customer service.
Currently, the owners are managing day-to-day operations and oversee each
job site daily, manage crews as necessary as well as handling bids and quotes,
maintain customer & vendor relations and handle any contracts as necessary.
They also have recently hired one part time administrative assistant to
help them with day-to-day tasks. They also have 3 regular crews: a 2-man crew,
a 3-man crew and a 5-man crew. All painting crews are 1099 subcontractors.
This business has experienced year-over-year growth in revenue of 17% in
2022, 39% in 2021 and was relatively unaffected in 2020. This company spends
roughly 6% on advertising annually, however, due to the quality of work,
attention to detail, a great emphasis on customer service and its superior
reputation within the community, this business is beginning to receive even
more repeat work from previous clients and receiving new clients via word of
mouth in addition to the clients they receive via their normal advertising
efforts. This business is primed for growth in 2023 and with the additional
hire of a project manager and/or a salesperson this business will have no
reason to see even more explosive growth in the future.
IBIS World identified 5 key factors to success in this industry, to which
this company checks all 5 boxes, and they are defined as follows:
Ability to compete on tender: Much of the work generated in this
industry is on a tender basis, and successful contractors seek to win tenders
based on competitive pricing and an established reputation for quality.
Having a good reputation: It is important for operators to build
a reputation for high-quality workmanship, timeliness, cleanliness and
completing jobs within budget.
Ability to change which market the company operates in: The capacity to
operate across a wide range of markets, such as housing, commercial,
maintenance and repair, and shift the business’s focus toward specific markets
based on demand helps ensure a steady workflow.
Having a loyal customer base: Establishing a loyal customer base
is integral for long-term success in the industry. Maintaining a high-quality
workmanship and developing word-of-mouth referrals strengthens a loyal customer
base.
Development of new products: Successful players keep abreast of
advancements in painting, decorating products and application techniques to
provide clients with a diverse range of products and services, and keep pace
with constantly changing consumer preferences.
Also note that this business is a franchise. The buyer will have to be
approved by franchisor and all necessary fees paid and documents signed per
franchisor guidelines before the transfer of the business can occur.
For inquiries or to get in touch with us directly, please feel free to reach out via the provided phone number or complete the form below. We’re here to assist you in any way we can, making your business exploration as seamless as possible.
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