This is an industrial paint shop providing liquid and powder coating, sand blasting, and silk screening services to a broad range of industries. Having started 40 years ago as a family business, it has become known for its expertise and proven performance. Due to recent changes in the family, the seller is now seeking to retire.
- Asking Price:
- $818,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $829,958
- Cash Flow:
- $157,934
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business occupies 7000 square feet which includes 6500 square feet in the main building and 500 square feet in a smaller, climate controlled building which is used for powder storage. The site also includes an adjacent lot. Seller owns the real estate which is not included in the sale however it is available for sale. Seller will sign a lease with the new owner.
Business Operation
- Expansion Potential:
-
Top sectors for growth include manufacturing and telecom, although other sectors of interest or continued growth include aerospace and defense and medical device. Hiring a dedicated sales person could have a very positive impact on the business.
- Competition / Market:
-
There are multiple powder coating businesses in the area however few provide the diversity of services, fast turnaround, quality work, tenured employees and ISO certification that this business has. Local government has placed a moratorium on similar businesses coming into the area.
- Reasons for selling:
-
Seller is retiring.
- Trading hours:
-
Monday-Friday 8:30am-4:35pm
- Employees:
- 6 FT/4 PT
- Years established:
- 40
Other Information
- Support & training:
-
Will train for 8 weeks @ $0 cost.
- Furniture / Fixtures value:
- $161,064 - included in the asking price
- Inventory / Stock value:
- $35,000 - included in the asking price
