Asking Price: $2,200,000 Gross Revenue: $1,700,855Cash Flow: $421,887 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $1,000,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Our client is a manufacturer of innovative industrial/commercial coatings that help their customers’ products last longer, perform better and provide protection against mold, mildew, fungus, bacteria, mineral buildup and corrosion. Their products include the highest performance EPA registered products in their class. The Company is best known for their proprietary controlled-release products created and developed for the industrial/commercial HVAC industry. However, their broad trademarked product lineup includes USDA/EPA approved applications for the food manufacturing industry, medical and clean rooms and more. Industrial/commercial applications include certified flame and smoke resistant coatings as well as floor coatings that exceed all known slip resistant coatings (OSHA, ADA, etc.). The Company excels at identifying needs in industrial markets and developing products to address those needs.
About the Business
Mecklenburg County, North Carolina
Number of Employees:
Building Sq. Ft.:
The Company operates in a modern 30,000 square foot building with four truck height loading doors and a UPS drive up ramp, which sits on about five acres. The building was purchased with the idea that they would grow into it. However, with no sales staff there is plenty of unused space and room to grow. Although the founder would consider leasing the property, his strong preference is to sell. The property is available for purchase at $1 million. The building was appraised within the last year and the appraisal supports the asking price.
The Company has a proven track record spanning almost 35 years. They have recognized brand names with scientifically provable best in industry results. They have staff, products and facilities in place to easily quadruple sales without major capital expenditure. The Company has survived without a sales force and without advertising the benefits of their products. There are many additional applications for their products, particularly in food processing and in supermarket produce areas that have not yet been exploited.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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