MergerPlace

Highly Profitable Industrial Painting

Michigan


  • Asking Price: $625,000
  • Gross Income: $499,000
  • Cash Flow: $125,200
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $210,000
  • Listing ID: #209133
  • Established: 2001
  • Employees: 3

Business Description

Founded in 2001, the highly profitable industrial coating contractor has provided industrial and commercial painting and residential garage flooring services to customers across Michigan. The Company is highly reputable and respected within the industry and has many positive customer reviews online. The Company has significant growth potential available for an aggressive new owner who chooses to pursue more leads. The current owner spends several months traveling each year.
The owner is selling the Company because he desires to relocate to a warmer climate where he already has a residence. The owner is willing to provide training and assistance during a period of transition.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.
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Business Details

Primary Business Category: Services - Other Services
Location: Michigan

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3

Financial Information

Asking Price: $625,000
Gross Revenue: $499,000
Cash Flow: $125,200
EBITDA: $75,200
FF&E: $210,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of two facilities with combined 5,000 square feet of space that are leased from an unrelated entity. The Company is located in Central Michigan.

Growth & expansion opportunities:

Growth opportunities include: (1) Pursue Additional Marketing Initiatives: The owner does not market or advertise the Company or pursue significant growth as he has spent a considerable time (4 months) on vacation recently. While the Company has maintained steady business without advertisement, there is a great opportunity for growth through new marketing initiatives. (2) Bid on New Projects: Because the owner has been satisfied with the Company’s profits, he has been selective on which projects to bid on. The Company does not bid on many projects that are submitted. A new owner could easily grow the Company through submitting bids on more proposals it receives. (3) Hire Additional Staff: The Company could grow by hiring additional staff to quote and manage projects. Increasing staff would increase the Company’s project capacity.

Competition:

Investment highlights include: (1) Leading Industry Reputation: The Company has developed a strong reputation within its industry and has been praised by past customers for its timely and quality service. (2) Customer Base with Ability to Grow: The Company has a strong grasp on its target market with substantial opportunities for growth. (3) Equipment Base: The Company owns a significant amount of equipment that is essential to perform projects and has been able to generate strong profit margins. (4) Highly Profitable: The Company successfully generated 25% cash flow margins in 2017 while the owner has not aggressively pursued additional projects.

Reason for selling:

Relocation.

Support & Training:

The Owner is willing to provide training and assistance during a reasonable transition period.

Contact Business Seller

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Business Listed By:

Matt Baas

Calder Capital, LLC