High Margins, Great Opportunity
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.
|Gross Revenue:||$100,000 was $250,000
|Inventory in Price:||$5,000|
not included in Asking Price
Competition & Customers
- 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.
- 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.
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 precluded seller from growing business when purchased in 2014.