Should I buy an existing line striping business or start one?
Weigh what an existing striping firm gives you, such as property-manager relationships, repeat restripe customers, a trained crew and working equipment, against what starting fresh gives you: no inherited problems and your own pace. Neither is the right choice for everyone. Your savings, experience and appetite for sales work should decide it.
People who ask this usually like the look of striping: a hands-on trade, repeat customers and modest overhead. Both routes can work. The choice comes down to what you already have, which is likely experience, cash, time and contacts, and what you would rather not build from nothing. Here are the points many buyers weigh. They are things to think through, not a verdict on what you should do.
What an existing firm can bring
An established firm may come with relationships with property managers and retailers, customers who restripe the same lots each year, and a crew that already knows the work. It may also bring trucks, machines and layout records, so you start with income rather than a search for it. Ask how much of that depends on the current owner, because relationships do not always transfer on their own.
What starting fresh can offer
Starting your own gives you a clean record, no old equipment or disputes, and freedom to choose your trucks, your customers and your name. It also means finding every customer yourself and training everyone yourself. Early months can be slow, and striping is seasonal, so the quiet stretch arrives whether or not your sales have caught up. Some people value the control enough to accept that.
Questions to put to yourself
- Have you run a crew, or painted lines, or sold to property managers before?
- Could you cover a slow first season while customers build up?
- Would the seller stay on for a handover and introductions?
- Do you want the existing name, crew and customers, or a firm shaped your way?
Paving is a related but different trade. The paving version of this question may help you think it through, and a lawyer and accountant can tell you how each route would be set up and taxed.
Related reading
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentEquipment purchase financing for entrepreneurs
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