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SELECTION: For sale, North, Non Catering

Painting Business - North Mallorca

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Sales Price:
Currency convertor € 90,000
Rental Price:
Currency convertor € 0
Transaction:
For Sale/For Rent
Business Type:
Non Catering
Term:
5 years
Tenure:
Leasehold
Area:
Reference No.:
b3306
View:
NA
Location:
North
Front line:
NA
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Reference No.: b3306
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Property Description

The business is essentially run by a couple, working from a combined lockup / office (265 metres) central to a village, working themselves flexible family hours with husband as project manager, liaison and PR for clients and wife running administration and accounts. They are supported by two recognized and qualified painters. Advertising is minimal, just about all of the work comes in via word of mouth and much of that via complex management companies and wealthy home owners (with more than one property requiring annual repainting)
The business specialises in exterior painting offered with the benefit of owning scaffolding plus a team all legally qualified and insured for this field of work. They can tend small houses to multistory hotels. Included in the sale are two vans and an inventory of scaffolding towers, mixers and other important essentials and a stock of paints, currently valued at around 37,000€.
Incomes indicated in region of 210,000 euros profitable considering owners minimal input, with the business fundamentally coming from key property owners and administration companies (most end users British) plenty of expansion easily obtained in the British ex-pat market for those wanting smaller jobs as well as the mainly large jobs currently sort after. The sellers are willing to stay on with the purchaser for a while to ensure a smooth handover and settling in period to continue on further on a consultancy basis as required.
COMMENT: A very interesting non-catering business suitable for another couple, ideally with some painting and decorating experience. Staff willing to stay on with one ideal for additional responsibilities should the new owners require. .

English and Spanish run 'Interior and Exterior Painting Company' with an excellent reputation and a healthy order book (at print in region of 70,000 euros confirmed with 200,000 euros of quotes awaiting acceptance. Established since 2002 with full trading records and owner's accounts available for inspection in person.

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