Powder Coating Plant, profitable with strong continued growth.

Seattle, WA (King County)

32,000 SF Powder Coating Plant
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Asking Price: Get Financing: $3,500,000

Cash Flow: $504,000

Gross Revenue: $3,650,000

EBITDA: N/A

FF&E: $1,500,000

Inventory: $45,000*

Lease Rate: $1 /SF/Month

Established: 1980

*not included in asking price.

Powder Coating Plant, profitable with strong continued growth.

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Business Description

35 year established business, strong continued growth, industry-leader

This powder coating facility has long held the best reputation in the entire pacific northwest for quality of work. Catering to a diverse industry including Aerospace, General Manufacturing, Metal Fabrication, Marine, Construction, and more, this business has historically proven to be recession proof.

With minimal competition, the essential service to manufacturing of finishing metal is constantly busy. The majority of customers become repeat customers. The impressive customer list includes names like Boeing, Starbucks, Nordstrom, Microsoft, and many many more well known northwest businesses. Currently there is no proactive sales or marketing effort required, due to lack of competition meeting the quality standards of this business.

Of the 30+ staff, many are well into their 2nd decade as loyal employees, with deep rooted skills and knowledge of all facets of powder coating.

The business is impressively organized, with excellent systems and tidy work habits evident throughout the plant.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
32,000
Lease Expiration:
7/31/2023
Employees:
32
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
32,000 SF, complete with modern processing equipment, and materials inventory.
Competition:
Minimal. Existing competitors have less capacity and do not meet the well known quality standards of this business.
Growth & Expansion:
This business has tremendous further growth potential. The business is family owned, and the reason for selling is the family feels the business has now reached a scale where experienced professional business management would be the next ingredient to take the business to the next level.
Financing:
The above Financial Info is based on 12/31/2017 Income Statement
Support & Training:
Owner willing to stay with business 6+ months for transitional support
Reason for Selling:
Family owned business beginning to outgrow existing management skills
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Business Listed By:
Ian Edward

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