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Peoria, Peoria County

Peoria Painting Company — Backlog and License

A painting company in Peoria is priced on adjusted seller’s discretionary earnings after a buyer compares this book to East 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 Peoria file. Confidential sale. No upfront listing fee.

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Peoria market

Selling a painting company in Peoria

A painting company in Peoria is priced on adjusted seller’s discretionary earnings after a buyer compares this book to East 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 Peoria file.

Peoria is the Illinois River industrial-and-medical city: Caterpillar’s historic home, OSF and other hospital campuses, and a genuine MSA that is not Chicago and not a farm town.

CAT-adjacent and medical-campus vendors need customer-concentration analysis before anyone argues a multiple. I-74 is the buyer road from the Quad Cities and Bloomington. East Peoria and Tazewell businesses often enter the same conversation — say so if the book already crosses the river.

Peoria has about 111,388 residents in Peoria County, inside the Peoria area. Nearby markets buyers already compare this book to include East Peoria, Pekin, Morton, Washington. That comparison changes who shows up: a buyer who will drive from East 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
Peoria County
Population
111,388
Metro
Peoria
Nearby comps
East Peoria, Pekin, Morton, 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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Peoria 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.

Peoria demand for painting companies is the customer list and the license path — not the Census population figure. About 111,388 residents is context for who already lives in the trade area. It is not a sale price.

Painting Company in Peoria

What a Peoria buyer will underwrite on this painting company

Construction in Peoria is contracted backlog and whoever can pull the next municipal permit. Peoria County and Peoria 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 Peoria shop. Buyers here usually argue commercial contract backlog, crew size, equipment, builder/property manager relationships.

Closing clock for this Peoria 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 Peoria application of it.

In a major Illinois city like Peoria, painters, owner-operators, construction pe groups are the names that usually appear on the NDA list. A buyer who will drive from East Peoria is not the same buyer who will fly in from a coastal platform.

Buyer pool

Who buys a painting company in Peoria

Medical, industrial-service, and owner-operator buyers. OSF and Caterpillar orbits create strategic interest in some verticals and concentration risk in others.

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 East Peoria, Pekin, Morton, Washington is a larger business than one that stops at the Peoria city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Peoria 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 Peoria shop. A painting company whose tax return shows $52,000 of net profit is not worth $52,000 × a rumor multiple.

Add back the owner’s $53,000 W-2 and payroll tax, $17,000 of discretionary benefits, $9,000 of accepted one-time cost, and $7,000 of personal expenses that a buyer will not run. Then subtract $3,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $135,000. At the planning range 2.0x–3.5x, enterprise value is $270,000 to $472,500. Mid-range 2.75x is $371,250 before debt, working capital, holdback, and tax. A Peoria buyer will argue the multiple after they ride with the staff and read the lease.

At 2.75 times $135,000 of seller’s discretionary earnings, enterprise value is $371,250 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 Peoria painting company — not a quote
Net profit$52,000
Owner W-2$53,000
Benefits$17,000
One-time$9,000
Personal$7,000
Replacement labor (subtract)−$3,000
Recast SDE$135,000
Planning EV at 2.75x$371,250

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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Peoria County closing

Licenses and closing steps for a Peoria sale

Peoria County uses state CBS-1 and City of Peoria licenses. Caterpillar-adjacent and medical-campus vendors need customer-concentration analysis.

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 Peoria

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

Illinois River and I-74. Skilled trades and clinical labor are tight. East Peoria and Tazewell businesses are often the same buyer conversation.

Legacy OEM plus a large medical economy. adjust the customer list before you adjust the multiple.

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 Peoria 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 Peoria 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.

$
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%
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 Peoria painting company for sale

  1. Recast this Peoria painting company. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Peoria 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 Peoria, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Peoria 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 Peoria limit.
  4. Open the lease and the labor file. Remaining term and assignment in Peoria 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 Peoria file. Confidential consult — no upfront listing fee.
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Answers for owners and buyers in Peoria County, including local closing steps.

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