Long established painter and decorating business located in Edinburgh.

  • Leasehold Price: £180,000
Edinburgh, Edinburgh City, Scotland
Seller Ref:Paintelite51
For Sale

Long established painter and decorating business located in Edinburgh.

Edinburgh, Edinburgh City, Scotland
Seller Ref:Paintelite51
  • Leasehold Price: £180,000

Description

Long established painter and decorating business located in Edinburgh. Corporate and domestic work undertaken. High value contracts in place. Fully staffed business with wide knowledge base. Chosen decorating firm for many of the high streets leading names. Strong income levels with impressive levels of future business now booked in. Ideal opportunity for larger operator wishing to expand by acquisition. High EBITDA figure 2022.

Scottish Business Centre is delighted to bring to the market for sale, one of Edinburgh’s premier decorating companies. Elite Painters and Decorators Ltd which was set up by our clients back in 2009 is a commercial and domestic painting and decorating firm that is based in Edinburgh. Starting from humble beginnings offering mainly residential decorating services, the company has expanded to become one of the most in demand privately owned firms within the sector covering Edinburgh, Dundee, Glasgow, Fife and the Scottish Borders. Carrying out work for some of the high streets leading names such as Starbucks, River Island, Specsavers to branches of the Bank of Scotland, Elite Painters and Decorators has grown to impressive levels since inception.
With a highly experienced & skilled team, our client has seen the business grow at a steady level whilst being in a position to keep the level of quality and service that is demanded from both residential and corporate clients. Offering services such as shop fit-outs, cornice renovation, wallpaper hanging, wall emulsion, painting, plastering and ames taping to name a few, Elite Painters and Decorators offers a wide range of services at a sensible price point. By continually investing in both staff and the operational side of the business, our client has enjoyed an enviable level of positive reviews and repeat business.
On top of the lucrative domestic work, the vendors have a range of high value commercial contracts that sees Elite Painters and Decorators staff working throughout the country. Catering for many international & domestic brands, the business has built up a reputation within the sector for quality, reliability and over all good customer service. Future bookings and contracts for the coming year ahead amount to almost £0.5Million in trading income alone.
With their vans being a regular sight throughout Edinburgh, Elite Painters and Decorators sees a tremendous level of repeat and referral trade from the domestic sector which is set to grow further as we move on from the challenges of Covid19. Operating with a highly skilled and experienced team, our client has developed the business in such a way that Elite Painters and Decorators can react quickly to incoming enquiries and are flexible enough to offer their services to a wide customer base. By being so capable and with having the highly skilled team on board, the business is perfectly set for a larger firm to capitalise on the hard work and effort put in by the vendor of Elite Painters and Decorators.
While the business is Edinburgh based, with the operational systems that are now in place and the highly valuable contracts that are secured, a new operator could either view the business as a high quality “bolt on” to possibly a larger firm, or potentially as an investment vehicle for an entrepreneurial individual who can see the growth potential of the business. It should be noted that our client is willing to offer a hand over period to allow for smooth transition from the current owner to the purchasing party. In addition, as the vendor has a built up an impressive level of knowledge and connections within the sector, they may be willing to offer their input after the handover on a fee paid, consultancy basis.
The business is now being offered for sale due our clients wish to semi retire and to allow for the business to grow and successfully advance to the next level of development. The sale of Elite Painters and Decorators represents an exciting investment opportunity that we expect will draw much attention therefore, early notes of interest are advised to avoid disappointment.

Is this business relocatable:
No
Is this business home based:
Yes
Is accommodation included:
No
Is stock included:
Stock at valuation
Website address:
https://scottishbusinesscentre.com/property/painting-decorating-company/

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