Powder Coating & Specialty Coating Business

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Asking Price:
$725,000

Gross Revenue:
$814,000
Cash Flow:
$233,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$13,600
included in asking price

FF&E:
$441,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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. Sale includes all equipment and customers associated with each division. Will sell Powder coating division only for $450K, will sell both for $725K.

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

Detailed Offering Memorandum available to qualified buyers. Includes equipment list, historical financial summary, photos, capabilities, customer and growth opportunity summary. Click website link on this page to complete the e-signature NDA.

About the Business

Location:
Iowa
Year Established:
2012
Number of Employees:
7
Real Estate:
Owned
Building Sq. Ft.:
14,600
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.
Website:
www.marigoldresources.com/listings/powder-coating-specialty-coating
Market Outlook/
Competition:
Very competitive, yet profitable, on small shop runs. Close proximity to customers up to 50 miles away.
Growth & Expansion:
Powder coating sales volume can be readily tripled with current equipment and setup. Will require additional staff but not an additional shift.
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About the Sale

Reason For Selling:
Focusing on firearm coating at 2nd facility near home in prep for retirement.
Training/Support:
Willing to stay on up to 25 hours per week for $70K per year.
Seller Financing:
TBD

Listing Info

ID:
1563878
Ad Detail Views:
108

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$
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Business Listed by

Chris Barnard

Marigold Resources

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Sponsoring Broker:

Todd McGreevy
Marigold Resources

U.S. Census Data for Iowa
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Iowa
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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