Owner Financing is Available
Business for Sale Overview:
This company was founded by the current owner over 20 years ago. The company utilizes equipment they own to take paint from gallon containers and convert it to hand held spray paint cans of various sizes. This process is rather simple and there is limited competiton. OEM's are primary users and there are no customer concentraction issues. The business is a C Corporation which also owns the real estate. A sale of the business and real estate is preferred, but the seller will entertain leasing the real estate. The facility is almost a specialty built structure as it has fans, ventilation systems and fire proof doors that were built for the purpose of making paints. Sales are down some in 2009 but they just picked up a new major customer. The sales trend has been $809k in 2008, $844k in in 2007, $937k in 2006, $807k in 2005 and $749k in 2004. Cash flow has ranged from $152k to $185k during this time. Seller financing will be considered on a buyer for buyer basis. Principals Only Please.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
7,500 Sq. Ft. building available for purchase or lease. No appraisal on the real estate currently, but believed to be about $500k as it is somewhat special use and built for the business.
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.