Powder Coating Business

IL

70-80% Gross Margins at this Location
Contact Seller

Asking Price: Get Financing: $100,000

Cash Flow: $16,000

Gross Revenue: $100,000

EBITDA: N/A

FF&E: $40,000

Inventory: $5,000*

Real Estate: $100,000*

Established: 1999

*not included in asking price.

Powder Coating Business

Get Financing Save Print Share Valuation Report

Business Description

This business changed hands in 2014, and had discretionary earnings of over $120,000 at the time. Due to illness with the new ownership, top line revenues have fallen to less than half of 2014 levels. But, the number one customer has been retained, who made up 90% of 2017 sales. No new sales and marketing efforts have been made, and a new owner can capitalize on this foundation covering nearly all fixed costs and a very low COGS to regain and exceed 2014's profitability.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,300
Employees:
1.5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,300 sf warehouse with four overhead doors, storefront, parking and trees on .75 acres. Built in 1980, zoned C-2 Commercial. Overlooks Mississippi River. Sale includes all FF&E onsite including industrial oven (18x8x6.5 expandable to 24') formerly located in auto factory in Detroit. Oven was maintenanced in 2017.
Competition:
Shop tools, equipment and materials available to take care of a variety of powder coating jobs including paint booths for epoxy primer and industrial paint coverings.
Growth & Expansion:
High customer concentration is a benefit that can be leveraged to return to the high gross margins realized by prior owner.
Support & Training:
Will provide as needed.
Reason for Selling:
Health Issues
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Chris Barnard

Business Listed By:
Chris Barnard

Marigold Resources

Show Phone Number

View My Listings


Sponsoring Broker:
Todd McGreevy

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1462141 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings