Industrial Paint & Coatings Manufacturer

NJ

Industrial Paint & Coatings Manufacturer
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Asking Price: $18,000,000

Cash Flow: N/A

Gross Revenue: $10,225,000

EBITDA: $3,500,000

FF&E: N/A

Inventory: N/A

Established: N/A

Industrial Paint & Coatings Manufacturer

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Business Description

Highly profitable manufacturing operation producing proprietary products

The Company is a manufacturer and distributer of branded and custom industrial paints & coatings for various niche markets. Founded over 70 years ago, the Company has developed a strong reputation for manufacturing top quality, proprietary paints & coatings.

The products manufactured by the Company are utilized for various applications, most common being bathtub coatings, automotive coatings, woodworking, metalwork, and industrial finishing. The majority of its products are solvent-based, but it also manufactures water-based products. The Company enjoys substantial gross profit margins as it focuses on niche markets with minimal competition and maintains proprietary formulas for all paints & coatings produced, including specialized, custom products for specific customers. Its core customer base is comprised of manufacturers, distributors, and resellers engaged in the various niche markets targeted by the Company.

Detailed Information

Employees:
13
Facilities:
27,000 sq. ft. facility for production, warehousing, and office operations.
Competition:
The Company maintains long-tenured relationships with many of its customers, creating consistent, predictable revenue streams. It maintains ownership of the custom formulas utilized to manufacture the products supplied to a majority of its customer base. In addition to developing high-quality products and providing top-notch customer service, this proprietary ownership of product formulas drives high customer retention.
Growth & Expansion:
The Company has been able to significantly expand its operations by attracting and retaining a strong management team, fostering a loyal customer base, and innovative new product development. There are several expansion opportunities available that would further expand the Company’s operations and continue its positive growth trend including, but not limited to, acquisition of similar paint & coating manufacturers and creating a dedicated sales force.
Support & Training:
The Principal will participate in a transition period, and is open to discussions regarding continued involvement in an advisory or consulting capacity.
Reason for Selling:
Retirement/Succession Planning
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La'Teya Tennet

Business Listed By:
Le'Teya Tennet

Sun Mergers & Acquisitions

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Sponsoring Broker:
Randi Goldberg

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