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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
63
/100 score
Strong

Painting Business

Fresh coats, fresh profits — every 5-7 years they call again

Painting businesses provide interior and exterior painting services for residential and commercial properties. The business benefits from a built-in repaint cycle — every property needs repainting every 5-7 years. Commercial and new construction painting offer higher-volume project work.

Avg Revenue

$250K

Profit Margin

20%

Acquisition Multiple

1.5x - 2.5x

Startup Cost

$10K - $35K

Difficulty

2/5

How It Works

Estimate jobs based on square footage and complexity. Crews prep surfaces, apply primer and paint, and perform finishing work. Residential interior jobs average $2,000-$5,000, while exterior and commercial projects run $5,000-$30,000+. Growth comes from building a referral network and hiring crews.

Revenue Range

Low End
$80K
Typical
$250K
High End
$600K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 238320 · Painting and Wall Covering Contractors

Deals tracked
122
44 in last 24 mo
Median loan
$431K
$200K–$835K p25/p75
Implied deal size
$508K
median · ~85% LTV
Charge-off rate
0.0%
of loans that finished

Deal Size Distribution

<$150K
27
$150K–500K
40
$500K–1M
30
$1M–2M
15
>$2M
10

Deal Flow Over Time

Deals per year · median loan
$514K
2020
18
$268K
2021
15
$569K
2022
21
$386K
2023
12
$380K
2024
21
$500K
2025
32
$1.9M
2026
3
12-month momentum
-24.0%
deal volume vs prior 12 mo
Median loan Δ
+85.6%
19 recent · 25 prior

Financing Profile

Median rate
9.75%
5% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
95%
of loans secured
Median jobs
8
supported per deal
Top lenders in this space
Live Oak Banking Company25
The Huntington National Bank10
Merchants Bank of Indiana5
Byline Bank4
Old National Bank4
Where deals happen
FL12
CO10
CA9
TX8
OH8
NC7
IL6
SC5
NJ5
WI4
Franchise vs independent
Franchised acquisitions finance at $314K median vs $500K for independents — a -37% franchise discount. Franchises make up 34% of deals tracked.

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Nov 2025CO$500K$588K10
Nov 2025CO$4.5M$5.3M10
Nov 2025UT$1.9M$2.3M2
Sep 2025MO$400K$471K7
Sep 2025NJ$374K$440K5CertaPro Painters
Sep 2025MA$2.5M$2.9M14CertaPro Painters
Jul 2025FL$835K$982K2
Jul 2025FL$50K$59K2
Jul 2025TX$75K$88K1
Jul 2025TX$965K$1.1M1
Volume rank #58/534Deal-size rank #438/534Momentum rank #148p90 loan: $1.4MData 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 costs — basic equipment and a vehicle
  • +Built-in repaint cycle creates natural repeat business
  • +Easy to learn and train new painters
  • +Exterior and commercial work scale revenue significantly

Cons

  • -Seasonal slowdowns in cold climates (exterior work)
  • -Labor-intensive with slim margins on employee-operated jobs
  • -Estimating accuracy directly impacts profitability

Best For

Detail-oriented operators who can estimate accurately and manage crews

Operating Costs

Labor is 40-50% of revenue, followed by paint and materials (15-20%), vehicle costs, insurance, and marketing.

SBA Financing Estimator

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

$-1502/mo
after debt service
Deal price — $510K
Range: $250K (1.5×) to $880K (2.5×+)
Down payment — 15% ($77K)
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
$77K
15% equity injection
Loan amount
$434K
85% SBA-financed
Monthly payment
$6K/mo
$247K total interest
Monthly profit
$4K/mo
at 20% margin
Monthly cash flow after debt service
$-1502/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

Find painting businesses for sale nationwide

BizQuest

Browse painting company acquisition opportunities

63/100Strong

Acquisition Score

Profit margin
13/30
Entry multiple
29/25
Market depth
6/20
Risk (charge-off)
15/15
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
$375K$625K

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