Profitable Auckland Painting Business. $400,000 EBITD

This painting business was established in 2017 and has experienced significant growth. It now serves over 50 loyal customers who consistently engage their painting services providing a busy pipeline of work. They have robust relationships with some of Auckland's largest and most esteemed property owners positioning them as a recognised, respected and trusted company within the industry.

This reputation has played a pivotal role in their ability to secure prestigious, high-value projects and has opened the door to many new customers providing a huge opportunity to further grow the business.

The company has an experienced team of highly skilled painters capable of self management and the business has recently introduced a Business Development Manager (BDM) to proactively seek new clients and create a substantial sales pipeline.

Revenue for FY24 have already exceeded $740,000 excl GST in the 4 months from April to July. The current owner works between 10-20 hours per week and his time is spent liasing with the BDM, pricing jobs, planning jobs, accounts payable & receivable and managing administrative tasks.

The sale includes a fleet of 8 vehicles and other equipment providing the new owner with all the necessary tools for a prosperous and profitable future.

Business Highlights
- Established business with history of profitability
- FY23 working owner profits of $400,000+
- FY24 sales over $700,000 (4 months April - July)
- Highly skilled & reliable teams in place
- BDM providing strong pipeline of work
- Includes fleet of 8 branded vehicles & 1 trailer mounted water blaster
- Great reputation & quality website
- Opportunity to grow the business.
- Great handover provided by the vendor

Enquire now to learn more about the portfolio of high-profile projects they have completed, ranging from well known hotels to a chain of supermarkets. Call Keppel Brown today on 021 248 7878 for more information.

Asking Price: $799,000 + Stock

Agency reference #: KA2324