Powder Coating Line Green Ring$833K Sales in 2017

$238K SDE in 2017  

Seller is seeking an acquisition candidate for one or both of its ISO certified coating divisions, currently operating successfully in Eastern Iowa:  
1) Industrial powder coating (PC) and
2) Specialty coating (SC) such as manganese & zinc phosphate and dry film lube coating

Both divisions include some sand blasting and surface prep equipment and inventory. Currently has 7 FTE.  Sale includes all equipment and customers associated with each division. Will sell Powder coating division only for $450K, will sell both for $725K. 

Detailed Offering Memorandum available to qualified buyers. Includes equipment list, historical financial summary, photos, capabilities, customer and growth opportunity summary. 

 

 

 Asking Price: $725,000
Gross Sales: *$814,000
SDE: *$233,000
Inventory in Price: $13,000
FF&E in Price: $441,000
Real Estate:

Sell or Lease

not included in Asking Price

*$814K in top line sales is 7 year average. $233K in cash flow is 7 year average for Seller's Discretionary Earnings (SDE).

Competition & Customers  

Very competitive, yet profitable, on small shop runs. Close proximity to customers up to 50 miles away.

Facilities

14,600 square feet modern warehouse in small town Iowa industrial park, with loading docks, easy access. Seller owned facility available for long term lease at $4k/month.

Growth & Expansion 

Powder coating sales volume can be readily tripled with current equipment and setup. Will require additional staff but not an additional shift.

Support & Training

Willing to stay on up to 25 hours per week for $70K per year.

Reason for Selling

Focusing on firearm coating at 2nd facility near home in prep for retirement.