¢
BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Service
77
/100 score
Excellent

Bathtub Refinishing Business

Ugly tubs, happy landlords, and tiny-ticket reglazing jobs that add up fast

Bathtub refinishing companies resurface worn tubs, tile, sinks, and countertops instead of replacing them. The surprising angle is that owners and property managers can save thousands versus a full bathroom renovation, which makes refinishing an easy sell in older housing stock. It is a compact service business with straightforward crews and attractive labor leverage.

Avg Revenue

$300K

Profit Margin

28%

Acquisition Multiple

2x - 3.5x

Startup Cost

$10K - $50K

Difficulty

2/5

How It Works

The operator prepares the surface, repairs chips or cracks, sprays a new coating, and returns the fixture to service after curing. Revenue comes from per-fixture jobs, apartment turnover work, hotel renovations, and contractor referrals. Many owners start mobile, then add crews and light shop space as volume grows.

Revenue Range

Low End
$100K
Typical
$300K
High End
$700K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 238220 · Plumbing, Heating, and Air-Conditioning Contractors

Deals tracked
690
239 in last 24 mo
Median loan
$711K
$299K–$1.6M p25/p75
Implied deal size
$836K
median · ~85% LTV
Charge-off rate
0.9%
of loans that finished

Deal Size Distribution

<$150K
68
$150K–500K
208
$500K–1M
147
$1M–2M
143
>$2M
124

Deal Flow Over Time

Deals per year · median loan
$635K
2020
92
$635K
2021
106
$594K
2022
91
$708K
2023
97
$513K
2024
138
$890K
2025
144
$762K
2026
22
12-month momentum
-45.8%
deal volume vs prior 12 mo
Median loan Δ
+41.0%
84 recent · 155 prior

Financing Profile

Median rate
9.75%
12% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
98%
of loans secured
Median jobs
11
supported per deal
Top lenders in this space
Live Oak Banking Company164
The Huntington National Bank43
First Internet Bank of Indiana23
Old National Bank14
Byline Bank12
Where deals happen
FL81
TX60
CA52
PA39
MI30
CO29
WI28
NC27
IL26
AZ24

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Dec 2025TX$500K$588K30
Dec 2025TX$2.5M$2.9M30
Dec 2025TX$990K$1.2M11
Dec 2025TX$250K$294K11
Dec 2025TX$1.8M$2.2M11
Dec 2025NJ$1.7M$2.0M26
Dec 2025GA$2.3M$2.7M18
Dec 2025FL$4.3M$5.1M31
Dec 2025MO$3.0M$3.6M16
Nov 2025FL$864K$1.0M7
Volume rank #7/534Deal-size rank #255/534Momentum rank #231p90 loan: $2.8MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +Low startup cost and mobile-friendly model
  • +Clear ROI versus full bathroom replacement
  • +Property manager and contractor accounts can repeat often
  • +Fast jobs create good revenue per technician day

Cons

  • -Work quality and ventilation safety cannot be sloppy
  • -Consumer jobs can be lumpy without B2B referral channels
  • -Commodity pricing pressure exists in some local markets

Best For

First-time operators who want a low-capex home-service business with visible before-and-after value

Operating Costs

A BizBuySell search result for an established bathtub refinishing business in Los Angeles showed about $84K cash flow on a $48K asking price, which suggests small owner-operator shops can throw off strong earnings. Main costs are coatings and chemicals, labor, lead generation, insurance, and vehicle expense.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

$-2337/mo
after debt service
Deal price — $840K
Range: $450K (2×) to $1.4M (3.5×+)
Down payment — 15% ($126K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.75%
SBA median for this category: 9.8%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$126K
15% equity injection
Loan amount
$714K
85% SBA-financed
Monthly payment
$9K/mo
$406K total interest
Monthly profit
$7K/mo
at 28% margin
Monthly cash flow after debt service
$-2337/mo
Margin does not cover debt service at these terms. Lower the deal price, increase the down payment, or extend the loan term.

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell – Bathtub Refinishing Business

Search result snippet referenced an established bathtub refinishing business with disclosed cash flow

Miracle Method

Large refinishing operator showing the service mix and replacement-versus-refinishing value proposition

This Old House – Tub Refinishing Cost

Consumer cost comparison that helps explain why refinishing is easier to sell than replacement

77/100Excellent

Acquisition Score

Profit margin
19/30
Entry multiple
25/25
Market depth
20/20
Risk (charge-off)
14/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
service
Difficulty
2/5
Buy price
$600K$1.1M

Get the full breakdown in your inbox

Weekly boring business breakdowns

Get notified when high-margin businesses hit the market

Buy a bathtub refinishing business
via BizBuySell – Bathtub Refinishing Business
See listings →