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Specialty Epoxy Paint Manufacturer / Distributor In Florida For Sale

Florida, US
Asking Price:
$1,250,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,477,000
Cash Flow:
$244,000

This leading specialty paint distributor and manufacturer has a strong national reach and a long, successful track record as a leader in its industry for more than 35 years. The sale includes valuable intellectual property.

This could be operated on an owner-operator or absentee basis, with dramatic growth potential and plans already in place for a new owner with expansion ambitions. The seller will help with a transition period and would also consider staying on in a limited capacity or part-time role in business development or a key client retention role.

The high-tech proprietary epoxy formula is included in the sale and has dramatic advantages vs. competing products, including being highly chemically resistant to 20+ caustic chemicals, being more durable, and having the unique ability to be applied much thicker than other products. As the formula is owned, there is a substantial opportunity to create and profit from regional distributorships and other opportunities, as well as continuing to profit from the company’s existing client base. A long list of fiercely loyal and repeating contractor and end-user clients ensures continued profitability for a new owner.

Proprietary paint applicators and specialized tools (patent pending) inventory are also included in the sale, as is a substantial quantity of the epoxy paint product (approximately . $105,000 in ready-to-sell inventory). And there is a large value to the proprietary, protected formula. This cutting-edge formulation is the cutting-edge result of decades of improvements. This very valuable intellectual property has substantial value in addition to the ongoing business value and is included with a full-priced sale.

While it’s currently based in Florida, this distributorship could be relocated anywhere in the US without much disruption.

The seller has health issues that prevented additional business expansion but will share many ideas and details for how to grow the business substantially from here.

The seller will assist with a strong transition and would also consider staying on in a limited capacity or part-time role in business development or a key client retention role.

Property Information

Real Estate:

Lease

Lease Terms:

$1300 per month with renewal options available.

Leasehold Rent:

$14,600 per annum

Location:

Currently based in SE Florida, this distributorship could be relocated anywhere in the US without much disruption.

Premises Details:

1250 sq. ft. flex space at $1310 per month. The landlord is very friendly and reasonable and has offered expansion space if needed. Proprietary paint applicators and specialized tools (patent pending) inventory are also included in the sale, as well as a substantial quantity of the epoxy paint product (appx. $105,000 in ready to sell inventory). The sale also includes about $50,000 in equipment and other assets. Listed lease expiration date is approximate, but landlord will provide renewal options.

Size in square feet:
1250 sq. ft.

Business Operation

Expansion Potential:

This business has dramatic growth potential, and plans are already in place for a new owner to take advantage of. With its national reach, there are many untapped regions with strong potential and the seller has detailed plans for creating regional distribution centers and developing a distributor network.

Competition / Market:

The owned proprietary formula is superior to and has substantial and definable advantages over other specialty epoxy paints with the same applications. The brand is well-known and very popular with the business's many loyal/repeating clients.

Reasons for selling:

The seller has health issues which prevented additional business expansion but will share many ideas and details for how to grow the business substantially from here.

Employees:
1
Years established:
38

Other Information

Support & training:

Seller will stay for at least 30 days (more may be negotiated) to ensure a smooth and efficient transition to a new owner, including making introduction to key clients and suppliers, etc. and would also consider staying on in a limited capacity /part-time in business development or a key client retention role.

Furniture / Fixtures value:
$49,000 - included in the asking price
Inventory / Stock value:
$105,000 - included in the asking price
Relocatable:
This business can be relocated.