MergerPlace

Profitable Metal Coatings Business

Virginia


  • Asking Price: $1,100,000
  • Gross Income: $889,053
  • Cash Flow: $271,754
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $259,565
  • Listing ID: #222431
  • Established: 2004
  • Employees: 6 FT

Business Description

Popular Powder Coating & Metal Refinishing Business -- For Immediate Sale

Established in 2004, this successful, profitable, and established metal and powder coatings business has built its reputation on quality, reliability, convenience, and value for the money. This operation services the industrial, protective, and decorative coating needs for a broad range of customers. From fabrications to restorations, few jobs are too large and no job is too small. The business caters to residential, commercial, and governmental contracts always ensuring the requirements for quality and timing are fully satisfied. This is a turn-key business with all facility and equipment in place and a dedicated, highly trained staff working to ensure delivery of quality, schedule, and price. Make money on Day 1 with a growing, profitable, and established powder coating and metal refinishing business -- this one will not last!


Business Details

Primary Business Category: Manufacturing - Primary Metal
Location: Virginia

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT

Financial Information

Asking Price: $1,100,000
Gross Revenue: $889,053
Cash Flow: $271,754
FF&E: $259,565
Seller Financing Available: No

Property Information

Facilities:

This operation is housed in a standalone 9,000 square foot facility on 1.25 acres and located in the heart of its loyal customer base. A 5-year triple net lease is available for $6,000 / month with (2) two 5-year renewal options.

Growth & expansion opportunities:

Since 2016, the company has experienced 33% revenue growth but has several growth avenues available for the new ownership, including: 1) Geographic expansion via the addition of a dedicated Sales/Business Development position 2) More aggressive, consistent marketing and advertising programs to conquest new business 3) Addition of fieldwork projects to the present shop-based only customer pipeline

Competition:

This business category is characterized by a very low concentration of companies. This specific business is very established in its market space and enjoys a loyal customer base after operating successfully for over 16 years. Strong relationships have also been developed with several large commercial accounts which also helps to damper competitive pressure and protect margins.

Reason for selling:

The President is retiring/relocating and the CEO is focusing on another business venture.

Support & Training:

Will train for 2 weeks @ no cost Powder Coating The business is able to process items large and small. The oven internal size is 8 ft high by 8 ft wide by 24 ft long and will accommodate most items. They are able to achieve short turn around times and change colors as needed. Ceramic Coating A coating made of a nonmetallic mineral, applied to metals to provide heat or abrasive-wear protection. This is a great way to give your vehicle exhaust system a clean new look. Phenolic Coating This coating offers consistent high quality protection for a wide range of applications including immersion service for most acids, solvents, and salts. Phenolic coatings are also resistant to hydrochloric acid, phenol, anhydrous chloro-benzene, carbon tetrachloride, and many other chemicals preventing corrosion. Sand Blasting Industrial abrasive blast using aluminum oxide, coal utility, and jet-mag abrasives. Other abrasives are available when specifications require. Cabinet blasting of small parts using aluminum oxide, re-fractured glass, or other abrasives as required. Wet Paint Conventional spray painting of polyurethanes, epoxies, enamels, acrylic urethanes, universal shop primers, and inorganic zinc is available. Pick up and Delivery The business provides pick up and delivery services within a 50 mile radius for a reasonable charge.

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Business Listed By:

Hal Feder

Murphy Business Brokers