Listing ID: 80782
This Company was established in 1986 and for over 35 years has been providing quality services to a diversified customer base. The operation offers a wide range of services including coatings, non-stick coatings, protective coatings and sand blasting for commercial, industrial, residential and individual customers. The advanced finishing methods are cost effective, environmentally friendly and can be used on a variety of surfaces.
A separate synergistic Franchise was established in 2016 that was immediately successful and currently accounts for approximately $450,000 of revenues. This operation offers a unique coating technology and related accessories. This separate enterprise has a protected territory and an ability to open multiple sites in the geographic region.
Both companies have their own financials and can be purchased separately. Click the links at bottom right to view separate profiles.
- Asking Price: $900,000
- Cash Flow: $259,838
- Gross Revenue: $1,017,230
- EBITDA: N/A
- FF&E: $508,715
- Inventory: $37,600
- Inventory Included: Yes
- Established: N/A
The central location provides easy access with a layout ideally set up for the multiple production services offered. Both businesses operate out of a total of +/-9,000 square feet, inclusive of a 4,000 square foot production facility, a 5,000 square foot production facility, 600 square foot Quonset Hut and yard on +/-1.2 acres. A new lease will be negotiated as part of the acquisition of the business.
The Owner enjoys operating this successful enterprise but is ready to sell and f
The many strengths of this business include being established for over three and a half decades with excellent reputation and name recognition. The Company offers a diversified array of coating services to commercial, industrial, residential and individual customers. The business has a successful niche in the marketplace that draws customers from all over the geographic region.
The ideal buyer would be any entrepreneur interested in production and customer service. The Owner will provide negotiable transition assistance. THE POSSIBILITIES This business has solid sales volume and profitability although there is still additional capacity for continued growth. A new Owner may want to launch other locations in the area to increase sales and reap the benefits of some economies of scale.
The transaction will include inventory valued at $37,600, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 completely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a range of other reasons. This is why it is really important that you not rely totally on a vendor's word, however rather, use the seller's answer along with your overall due diligence. This will repaint a more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new clients? Often times, businesses have repeat customers, which develop the core of their daily profits. Particular variables such as brand-new competitors growing up around the area, roadway building, as well as staff turnover can affect repeat customers and negatively impact future revenues. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local mean family income effect future income prospects?