Business Overview:
Manufacturer & complete formulation facility for all types of coatings, primers & paints with special emphasis on corrosion control & waterproofing of structures. Facility is capable of production rate of 100,000 gallons/year. Local chemist & other labor subcontracted as needed for order fulfillment. Needs comprehensive marketing program & dedicated management to once again be a leader in the market. Plenty of manufacturing space available or may be moved. Ideal add-on business. Asset sale with some repeat business.
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:
Proprietary formulations estimated at a value of $435,000 are included in the sale along with all of the furniture, fixtures and equipment. Extensive customer list with some on-going accounts including the application division complete with all of its assets. Unique products available to a worldwide market. Plenty of manufacturing space available or may be moved. Facility is capable of production rate of 100,000 gallons/year. Will train for two weeks at no extra cost.
Market Competition and Expansion:
Limited competition for these products and unique applications make this company poised for immediate growth. Established for over 27 years, this company has established a reputation for innovative and quality products. This isn't your typical paint mfr, but a solver of complex and difficult applications requiring coatings and materials not found at Lowe's or Home Depot. This business needs an owner operator with marketing and sales. Manufacturing and chemists are available to ramp up on an as needed basis. Some repeat business, but business is being sold as an asset sale and whatever business comes with the sales is a bonus. In 2011 that was approximately $248,000 Gross.
Reason for Selling:
Owner is retiring.
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.
Resources: