Full service powder coating company for sale. Included in the asking price is $575k in Real Estate and $700k in equipment. Fully staffed and turn key for the next owner, this company has a solid foundation and profit margin around 40%. Current owner works 32 hours per week on average. Ideal for a single investor that wants to run the operations or two partners that want to split up duties.
Well kept and clean 16,000 sq ft facility with ample room for current operations and the ability to expand. Built in 2006, the building is located on an approximately 2.5 acre lot and is in an industrial park. The current site offers the opportunity to add building space if needed and there is room within the current space to expand more. 90% of the building is manufacturing space with 15 foot ceilings and 5 truck doors for easy loading of product.
This business is ripe for expansion. The owner is at retirement age and has not done a good job staying on top of marketing efforts. With very little marketing currently being done, hiring a sales person or increasing presence at industry events and trade shows could increase sales. In addition, adding a delivery/pick-up service that would deliver parts to and from the manufacturing site could bring in many new clients. Over the past three years the owner has pared back sales to focus on higher profit margin customers. A new owner could earn back some of those intentionally lost sales.
Factors, such as technological advancement, ease of application and product development along with increasing consumer spending are among the key aspects driving the powder coatings market. The ability to enhance durability and provide improved thermal, chemical and electrical resistance is escalating the product penetration into diverse industries. Stringent government regulations pertaining to volatile organic compounds (VOCs) content in coatings is escalating powder coatings market growth as well. The global powder coatings market is highly fragmented owing to the presence of several multinational corporations and increasing count of regional manufacturers. Manufacturers are working on improving their product margins by launching environmental compliant products, further gaining competitive advantage.
Owner wishes to retire.
Will train for 2 weeks @ $0 cost. This company offers powder coating solutions for many different metal manufacturers around the area. No special certifications are required to run this business. The current owner operates the business and breaks up their time between general business management, production scheduling, customer relations/quoting and supplies ordering. The new owner should be prepared to focus on customer satisfaction and maintaining high quality standards.