Largest Industrial Paint & Powder Coating in Arizona

Phoenix, AZ (Maricopa County)

Largest Industrial Paint & Powder Coating in Arizona
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Asking Price: $8,000,000

Cash Flow: $1,200,000

Gross Revenue: $8,700,000

EBITDA: $1,200,000

FF&E: $1,500,000

Inventory: $200,000

Rent: $20,000 /Month

Established: 2005

Largest Industrial Paint & Powder Coating in Arizona

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Business Description

This business went from scratch to the largest in just 10 years - and NOT by being the low-cost bidder. High-quality, premium workmanship from semi-conductor clean room equipment to patio furniture - yes, they run the whole gamut. Over 40,000 s.f., 5 ovens, a self-contained automated line - no floor drains - everything is recycled or barreled for disposal. About 100 FTE Employees - low turnover. Nadcap accredited. The owner is hands-on administrative - he has never been a painter. Metals and coatings background would be a plus. Full management org-chart stays in except for the CEO. Bottom line is $832,000 before any add-back (which would include over $300,000 in executive salary)

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
40,000
Lease Expiration:
N/A
Employees:
100
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Over 40,000 s.f., one building
Competition:
Powder coating is a fragmented marketplace. The obstacles to entry are fairly small. But the step from a small 4-man shop to an automated 100-employee business is far too great for all but the fewest competitors to aspire to. This owner had over 20 years of prior experience in the metal coatings business - in sales, not in production.
Growth & Expansion:
The firm seeks out the largest industrial customers who demand quality and timeliness over a cheap bid. California opportunities abound - the costs structure over there is so much more than in Arizona The customer base is very diversified (no automotive) so this biz is cycle resistant, but not immune to an overall economic downturn - although this firm has turned a profit every years since opening in 2005
Support & Training:
CEO expects to assist for up to one year. The balance of the management team stays in place.
Reason for Selling:
Retirement - CEO is over 65 yrs old
Business Website:
http://www.performancecoating.com
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Paul Gallo

Business Listed By:
Paul Gallo

First U.S. Advisors, Inc.

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