Business Overview:
The March Group currently represents a world-class storage tank manufacturing firm, servicing customers in a wide variety of industries including chemical, oil and gas, petrochemical, print media, and pulp and paper industries. The Company is a specialist in the manufacture of single walled and dual walled corrosion-protected underground and above ground storage tanks. In addition to its proven manufacturing expertise, this Company also offers proprietary patented technology in its construction of custom oil/water separator tanks. Management is committed to complete customer satisfaction and it is dedicated to delivering the highest possible quality standards within its manufacturing process. The Company maintains a well-planned and organized Web site, providing a wealth of information on its history, product line, and the depth of its manufacturing expertise.
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Property Features and Assets:
The Company’s headquarters, with 58,000 square feet of manufacturing space and 5,000 square feet of office space, is located on 3.2 acres of prime commercial real estate. The Company also operates a 4,500 square foot coatings facility on 4.35 acres of land. The Company-owned land is appraised at $6.3 million and is also for sale given the right terms and conditions.
Market Competition and Expansion:
Negative macroeconomic forces, both domestically and internationally, made 2009 a challenging year in the storage tank business. However, 2010 has begun on a strong note and the Company plans to leverage its history and excellent reputation in its industry through expanding marketing efforts and increased sales representation.The following are potential engines of growth for this Company:
Expansion of direct marketing efforts within its Southern market, with a special focus on expanding the Company’s presence in Florida, where environmental storage tank compliance issues are compelling and favorable
Increased use and participation of outside sales representatives to market the Company’s products (a concerted search is already underway in the Southeastern U.S. market)
Increased focus and development of business related to the Company’s proprietary patented oil/water separator tank technology
Exploration and development of growing opportunities in vapor recovery and vapor steam processing
Expanded presence with the “large project” market involving multiple disciplines including pump, piping, and tank projects (including a major push within the trucking industry relating to storage tank requirements involving diesel emissions fluid)
Exploration and development of growing demand for special UL listed tanks in specific applications such as fuel blending.
Additional future growth will come from an aggressive expansion outside the firm’s current operating base and also from selective strategic expansion of the Company’s product line. Following a recession year for the U.S. and global economies in 2009, management is projecting a very positive rebound in 2010 and then a return to steady annual revenue growth near 10% per year beginning in 2011.
Reason for Selling:
Retirement and diversification of owners’ personal
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.