Regional painting company with a good reputation

Company history/background

Re:

The sale of the assets and activities of a general partnership.

Reason for sale:

The current owners are ready for a new phase in their lives and would like to sell the business. There is no succession available within the family or among the staff; therefore, a suitable takeover candidate is being sought.

Company activities

Company profile:

The painting company's focus is primarily on painting, but it also provides glazing services. The company works for both businesses and private individuals, with the majority, approximately 70%, consisting of businesses (of which 55% are contractors with recurring turnover).

The work is primarily contracted out, with 30% executed on a time and materials basis.

Employees:

The company employs 5–10 employees, approximately 7 FTEs. The employees form a close-knit team and have been employed for an average of 5 years.

Unique selling points

Location: The company is based in North Brabant; customers are located within a radius of approximately 20 kilometers around the company.

Financial data:

Year: 2020

• Revenue: €1,200,000
• Gross margin: 62%
• EBIT: € 300,000

Year: 2021

• Revenue: €1,000,000
• Gross margin: 74%
• EBIT: € 350,000

Other

Comments:

The company could be an interesting addition for existing market players looking to increase their market share or for an MBI candidate with an affinity for the profession. The entrepreneurs are willing to continue working for a period after the sale.

Follow-up procedure:

More information is available for interested candidates. Following an introductory meeting with the seller and advisor, interested parties are requested to submit an initial non-binding offer.