Asking Price:

$8,500,000

Gross Income:

$5,803,249

Cash Flow:

N/A

FF&E:

$2,837,670.00 *

Inventory:

N/A

Real Estate:

$5,120,000.00 *

Year Established:

1991

Employees:

60

Business Types:

Fabricated Metal Products
Transportation Equipment

* included in the asking price

Business Description

The company was originally started by two
partners in 1991 and they operated the company as a
proprietorship. They specialized in plating for many different
types of small parts for a variety of different industries. In
1997 the current owner bought out his partner and
incorporated the business. During this time period the
company began doing metal plating for custom wheels. Since
then the company has grown significantly and is now known
as the highest quality metal plating facility in the area. When
the company started doing wheels their first large client was
an original equipment manufacturer. Over time they branched
out to 3 piece wheels and after market products. The plating
process consists of six steps. 1. First the wheel is stripped of
any paint or previous finish and hand polished. 2. The wheel
is plated in the first nickel bath to give it a strong coating to
protect against corrosion. 3. Next a copper plating bath to
provide a deep luster and smooth out any surface
imperfections in preparation for the remaining baths. 4. The
wheel is then hand polished and the copper buffed for
smoothness and deep luster. 5. Now the second nickel plating
bath adds to the luster in preparation for the chrome 6. Finally
the chrome plating bath gives the wheel a deep smooth luster.
The company also has the capability to do black chrome
plating. The company has received SBA pre-approval for a
combination of 7A (business acquisition) and 504 (real estate)
combination financing. Pricing for this company includes the
real estate, all equipment, and accounts receivable (net of
payables). The real estate consists of five separate buildings.
All five buildings are used for company purposes.

Detailed Information

Facilities:

The facility consists of five buildings, a total of 29,224 S. F. and total lot size of 59,740. All five buildings are involved in the plating process. Each facility is used as follows: 1. Bldg. 1 Corporate Offices 2. Bldg. 2 Warehouse 3. Bldg.3 Polishing Process 4. Bldg. 4 Chemical Stripping Process 5. Bldg. 5 Plating Process

Competition:

This company is the highest volume plating shop in the area and the owner feels they dominate the local competition.

Growth/Expansion:

This company currently focuses on the wheel business but could very well expand their operation into metal plating for many different products. When the company was founded they did metal plating for many small parts for a wide variety of industries. They decided to concentrate on wheels in the late nineties but could easily commence plating for other industries as well as government and military applications. The company is also capable of doing black chrome, nickel and copper plate.

Financing:

SBA Pre-Approved

Support/Training:

Included in the sales price the seller will provide 4 weeks of training at 40 hours per week.

Reason Selling:

Owner is retiring.