Production Powder Coating Company – Very Profitable

Worcester County, MA

Seller Financing Available
Powder Coating Company
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Asking Price: $489,000

Cash Flow: $262,000

Gross Revenue: $453,000

EBITDA: N/A

FF&E: $60,000

Inventory: $11,000

Established: 1990

Production Powder Coating Company – Very Profitable

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Business Description

This turn-key powder coating company has been in business for decades! It has many regular repeat customers throughout New England and beyond and excellent relationships with its varied customer base due to the company’s reputation for superior powder-coating work. The business boasts an superb profit margin which generates steady profitable earnings that can be easily transferred to the next owner.

The company’s production facility in Worcester County, is fully equipped to handle all the many shapes and sizes of products to which it applies powder coating as well as other specialty coatings. The types of products it works with includes medical equipment, machinery components and automotive/motor-sports products.

The business has a consistent yet manageable backlog of orders throughout the year which keeps things busy virtually all the time. It’s great reputation is what draws new business from word-of-mouth referrals from other satisfied customers. No sales team efforts have ever been used to maintain its sales volume.

We are looking for a hands-on new owner to acquire this business, preferably with a related/transferable skills and experience. Is that you?

We have so much more information about this business that we want to share with you including a full summary and revenue expense breakdown. But this is a very confidential listing. So in order to share the details with you we will need you to fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.

Please note that this is a new listing and we are working on the marketing materials, which we expect to have completed soon. Please contact us now and when everything is ready we'll send it right out to you. Thanks.

Detailed Information

Location:
Worcester County, MA
Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is located in a production space in a 7,500 SF industrial-type area with an additional 7,000 SF of storage space. There is ample parking. The business includes all equipment needed to run the business including ovens, sand blasting equipment, wet and powder application guns, conveyors, hand tools, material handling equipment, fork lift, pallet jacks, air compressors and more. The rent for the premises is $2700 per month.
Competition:
There are competitors but this business deals with some specialty coatings that aren’t found with most companies. Seller will teach you how to use all the various coating technologies used in the business.
Growth & Expansion:
This company has never advertised. All its business comes from word-of-mouth. Imagine how much more business you could do if you promoted the business. The sky is the limit.
Financing:
Business will qualify for SBA financing. Some minor seller financing possible.
Support & Training:
Seller will train and transition with a qualified buyer.
Reason for Selling:
Retirement.
Business Website:
http://www.goodmanonline.com/ourlistings.htm
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(from currently available funds)
 
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Peter Goodman, CBI

Business Listed By:
Peter Goodman

Goodman And Company Business Brokers

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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