This Southeast Michigan industrial plating and coating Company provides electrodepositions and industrial coatings to the automotive, military, furniture, and appliance industries throughout the Midwest, nationally and internationally. It stands out from competitors in its ability to process a wide variety of part sizes in small to large quantities. In its more than 40-year history, the Company has built a stable of clients that is wide, deep, and loyal. Its location in a region rich in manufacturing presents multiple opportunities for building sales with more aggressive marketing. Current facilities provide plenty of room for growth, and an experienced leadership team is on board to assist new owners.
- Asking Price:
- On request Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1M - $5M
- Cash Flow:
- $250K - $500K
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Southeast Michigan
- Premises Details:
-
Operations are based in a 15,000-square-foot facility. The facility is located in a region rich with manufacturing facilities. It provides plenty of room for growth, with a capacity in excess of $4 million in sales volume. The Seller owns the building and land which are available for sale or lease as part of the Company sale.
- Size in square feet:
- 15,500
Business Operation
- Expansion Potential:
-
Untapped capacity – The Company’s facility provides plenty of room for growth, capable of potentially doubling its current revenue within the premises.
Aggressive recruiting – Lack of qualified employees, not lack of work, has been the Company’s greatest challenge to growth.
Sales and marketing – The Company has no sales team, relying primarily on its reputation, word of mouth, and its website to generate new business.
- Competition / Market:
-
Broad capabilities – The Company can process a wide variety of part sizes in quantities ranging from small lots to large production runs.
Many loyal customers – It has built a large stable of loyal clients; its top 10 customers have been working with the Company for an average of 17 years.
Industry certification – The Company’s ISO certification allows it to serve the many customers that require that industry standard.
Supplier relationships – Its top 5 suppliers have been working with the Company for an average of 18 years.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Mon-Fri business working hours
- Years established:
- 1981
Other Information
- Support & training:
-
The owner is willing to stay on for a period of time to assist and support the new owner with the transition.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $1,500,000 - included in the asking price
- Inventory / Stock value:
- $48,600 - included in the asking price
