This paint manufacturing and retail business in northwest Iowa produces interior and exterior paint, primer, varnish and stains which they sell to contractors, distributors and direct to consumers through their retail location. They also sell specialty paints that they do not manufacture as well as a variety of painting supplies such as brushes, rollers, drop cloths and more.
- Asking Price:
- $350,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $367,178
- Cash Flow:
- $132,443
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$24,000 per annum
- Location:
-
Northwest Iowa
- Premises Details:
-
The business leases an approx. 5,364 square foot building for its manufacturing and retail business operation. The business has been on an annual lease, but the landlord is willing to enter into a long-term lease and may consider selling the building to an interested buyer. The lease includes adequate concrete and gravel parking areas adjacent to the building for employees and retail clients. There is an additional 4,455 square foot cold storage adjacent space with a bathroom which could be added if a new owner was looking to grow the business.
- Size in square feet:
- 5,364
Business Operation
- Expansion Potential:
-
There is great opportunity to increase revenues by expanding the trade area as a nearby town recently had their main retail paint store close. The business could add a second retail location to serve this community and the surrounding area. The business could also add sales reps and begin to market their paint products to home repair and hardware stores through wholesale. An effective marketing campaign designed to target the area could also increase revenues.
- Competition / Market:
-
The business comes with formulas and written processes for the manufacturing of all their products. The business has an excellent reputation in their area for their quality paint and supplies.
- Reasons for selling:
-
Pursuing other interests.
- Employees:
- 2
- Years established:
- Est. 1947
