Growing Industrial Electroplating Company For Sale

Business description

The Company is an ISO 9001:2000 certified, RoHS compliant industrial electroplating company. The Company performs rack and barrel and bulk plating and finishing of nuts, bolts and other components used by manufacturers in their end product. Plating and finishing services meet military specifications and commercial requirements. Close tolerance and selective plating is a specialty. In-house laboratory and analysis capabilities. Complete on-site, environmentally safe and approved treatment facility meets or exceeds all local, state and federal environmental requirements.

Significant additional cash flow can be generated through a minimal investment (estimated at $20,000-$50,000 and 90 days) in getting the Company Nadcap (National Aerospace and Defense Contractors Accreditation Program) certified. Close proximity to military contractors (Boeing, Lockheed Martin) and related job shops allows sales volumes to double with this certification. The operation is currently running at less then 50% of capacity so these volumes can be easily accommodated. The current owner has experience in obtaining this certification and will provide guidance and access to resources to the buyer to facilitate this process.

The legal entity is a subchapter S corporation.

Property information

Real Estate:

Lease

Lease terms:

Business rents two bays (8,500 sq. ft.) in a 25,000 sq. ft. industrial building. Rent is $3,643 plus CAM of $1,081 for a total of 4,724/month or $6.67/sq. ft. Lease term through September, 2013 plus one, ten-year option

Leasehold rent:

$7 per sq ft per annum

Premises details:

Business rents two bays (8,500 sq. ft.) in a 25,000 sq. ft. industrial building. Rent is $3,643 plus CAM of $1,081 for a total of 4,724/month or $6.67/sq. ft. Lease term through September, 2013 plus one, ten-year option

Equipment includes tanks, cranes and pollution control equipment.

Size in square feet:

8,500

Other information

Expansion potential:

Significant additional cash flow can be generated through a minimal investment (estimated at $20,000-$50,000 and 90 days) in getting the Company Nadcap (National Aerospace and Defense Contractors Accreditation Program) certified. Close proximity to military contractors (Boeing, Lockheed Martin) and related job shops allows sales volumes to double with this certification. The operation is currently running at less then 50% of capacity so these volumes can be easily accommodated. The current owner has experience in obtaining this certification and will provide guidance and access to resources to the buyer to facilitate this process.

Competition / Market:

Significant additional cash flow can be generated through a minimal investment Consolidation in the industry during the down economy has enabled the company to increase sales with very minimal sales and marketing effort. Added a product line and new customers over the past 12 months that have additional growth potential Excellent reputation for quality, quick turnarounds and 100% on-time delivery. Solid, diversified client base

Support & training:

Owner is willing to train and sign a non-compete. The current owner has experience in obtaining Nadcap certification and will provide guidance and access to resources to the buyer to facilitate this process.

Reasons for selling:

Owner wants to focus on his primary business

Trading hours:

Monday – Saturday; 6:00 AM – 4:00 PM

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Up to 10% of the asking price

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)