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Morton, Tazewell County

Morton Painting Company for Sale

A painting company in Morton is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Peoria — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide painting companies playbook is on the industry hub; this page is the Morton file. Confidential sale. No upfront listing fee.

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Morton market

Selling a painting company in Morton

A painting company in Morton is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Peoria — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide painting companies playbook is on the industry hub; this page is the Morton file.

Morton is the Tazewell village of Libby’s pumpkin heritage and a corporate/food-processing campus — affluent relative to the river cities, not Pekin and not East Peoria industry.

Food-processing and corporate-adjacent vendors can attract strategics that a Pekin storefront will not; household services cover a tidy village grid. I-74/I-155 access is real — do not sell a pumpkin-festival weekend as cash flow. Cat-supplier history matters only if it is still on the AR aging.

Morton has about 16,267 residents in Tazewell County, inside the Peoria area. Nearby markets buyers already compare this book to include Peoria, Pekin, East Peoria, Washington. That comparison changes who shows up: a buyer who will drive from Peoria is not the same buyer who will fly in from a coastal platform.

Planning facts

Typical multiple
2x–3.5x SDE
Typical timeline
4–8 months
SBA eligible
Often — confirm
County
Tazewell County
Population
16,267
Metro
Peoria
Nearby comps
Peoria, Pekin, East Peoria, Washington
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
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Tazewell County demand

Central Illinois demand

Springfield, Bloomington-Normal, Decatur, and nearby county seats sell to operators who already know the trade area. State-vendor and campus calendars matter on some books.

File CBS-1 on time. Do not paste a Naperville multiple onto a Sangamon or McLean file.

Morton demand for painting companies is the customer list and the license path — not the Census population figure. About 16,267 residents is context for who already lives in the trade area. It is not a sale price.

Painting Company in Morton

What a Morton buyer will underwrite on this painting company

Construction in Morton is contracted backlog and whoever can pull the next municipal permit. Tazewell County and Morton clerk registrations are the local file. Bonding and prequalification sit on a person. They reset.

Painting Companies statewide typically plan around 2x–3.5x SDE and a 4–8 months process when books and the lease are ready. That is a planning range, not a price for this Morton shop. Buyers here usually argue commercial contract backlog, crew size, equipment, builder/property manager relationships.

Closing clock for this Morton file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: EPA RRP (Renovation, Repair and Painting) certification is required for compensated work on pre-1978 housing — it is federal and personal to the firm’s certified renovator. The industry hub teaches the statewide rule. This URL is the Morton application of it.

Morton is a regional market. The first serious call is often an owner-operator from Peoria, Pekin, East Peoria, not a platform that needs $2 million of earnings to pay for diligence. SBA 7(a) and seller financing usually matter more here than a headline multiple.

Buyer pool

Who buys a painting company in Morton

Peoria-MSA operators. Morton’s corporate and food-processing orbit can attract strategics.

Illustration: a residential-and-light-commercial painting company in Elmhurst with three crews, RRP on the owner only, and a summer exterior book that the seller wants treated as year-round. Not a closed sale.

A painting company whose customers already sit in Peoria, Pekin, East Peoria, Washington is a larger business than one that stops at the Morton city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Morton painting company

Painting recasts on crew-week contribution and contracted commercial maintenance, not a single HOA-exterior year. Add back owner-painter hours, then isolate weather-delayed exteriors and any lead-abatement job that needs extra credentials. A 2x–3.5x SDE band assumes crews that show up without the seller on the scaffold and a book that is not only summer exteriors.

Illustration only — not a quote for any Morton shop. A painting company whose tax return shows $14,000 of net profit is not worth $14,000 × a rumor multiple.

Add back the owner’s $40,000 W-2 and payroll tax, $18,500 of discretionary benefits, $13,500 of accepted one-time cost, and $14,500 of personal expenses that a buyer will not run. Then subtract $0 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $100,000. At the planning range 2.0x–3.5x, enterprise value is $200,000 to $350,000. Mid-range 2.75x is $275,000 before debt, working capital, holdback, and tax. A Morton buyer will argue the multiple after they ride with the staff and read the lease.

At 2.75 times $100,000 of seller’s discretionary earnings, enterprise value is $275,000 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.

SDE line items

  1. Reported net profit (tax return, not the marketing P&L)
  2. + Interest expense
  3. + Income taxes (not payroll, sales, or property tax)
  4. + Depreciation and amortization
  5. + Owner W-2, bonuses, and payroll taxes on the owner
  6. + Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
  7. + Accepted one-time or non-recurring expenses
  8. − Market-rate replacement labor for owner work that will not transfer
  9. = Seller’s Discretionary Earnings (SDE)
Illustration recast for a Morton painting company — not a quote
Net profit$14,000
Owner W-2$40,000
Benefits$18,500
One-time$13,500
Personal$14,500
Replacement labor (subtract)−$0
Recast SDE$100,000
Planning EV at 2.75x$275,000

Recast Seller’s Discretionary Earnings, then apply a planning multiple for painting companies. Replacement labor is subtracted. This is a planning tool, not an appraisal.

Recast SDE—
Planning enterprise value—

Before debt, working-capital peg, holdback, and tax. Educational only.

Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.

$
1x 3.0x 8x
Estimated Value Range — to —

This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.

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Tazewell County closing

Licenses and closing steps for a Morton sale

Tazewell (Pekin, East Peoria, Morton, Washington) uses state CBS-1 and village licenses. East Peoria industrial and Morton corporate-adjacent businesses need landlord and environmental extras.

EPA RRP (Renovation, Repair and Painting) certification is required for compensated work on pre-1978 housing — it is federal and personal to the firm’s certified renovator. Illinois has no statewide painter license. Municipal contractor registration and the Home Repair and Remodeling Act apply on residential. Commercial and prevailing-wage work add their own packets. RRP is the license sellers forget.

Labor and lease

What has to keep working on Monday after close in Morton

For a painting company in Morton, the first labor question is: Interior and commercial work that prints in February.

Cross-river labor with Peoria. A Pekin retail book is not a Morton industrial-service book.

Peoria MSA south and east bank. Price by customer, not by county line.

Diligence

What a serious painting company buyer will open

Levers that move the multiple in this vertical: Interior and commercial work that prints in February; RRP certifications on staying renovators; Crews that are not the seller; Property-manager contracts with term; Workers-comp and height file a carrier will renew.

Have these ready before anyone hears the name of the Morton business: Interior vs exterior vs commercial-maintenance mix across seasons; RRP firm and renovator certifications on people who stay; Crew model and whether the seller still cuts in every room; Property-manager or builder concentration; Spray equipment, lifts, and any lead-job history; Workers-comp class versus actual height and commercial work.

Buyer tool

SBA payment sketch for a Morton painting company buyer

Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.

SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.

$
%
%
yrs
Down Payment Required —
Loan Amount —
Est. Monthly Payment —

This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.

Sale steps

How to prepare a Morton painting company for sale

  1. Recast this Morton painting company. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Morton buyer must hire. Do not treat a spike year as the new normal.
  2. Name who can operate on Monday. List every credential that lets this painting company pull a permit or see a patient in Morton, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Morton trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Morton limit.
  4. Open the lease and the labor file. Remaining term and assignment in Tazewell County. Whether the crew can run without the seller living eight minutes away.
  5. Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
  6. Read the statewide playbook, then talk. The Illinois painting companies hub is the statute and recast teaching. This page is the Morton file. Confidential consult — no upfront listing fee.
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Questions

Questions about painting companies in Morton

Answers for owners and buyers in Tazewell County, including local closing steps.

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Painting Company Brokerage Near Morton

We serve painting companies owners and buyers across Tazewell County and the surrounding region.

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