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RE:  Midwest Industrial Coatings & Blast Abrasives Contact:  Andy Cavanaugh

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $1,700,000
Net Profit: Not Disclosed
Cash Flow: $375,000
Total Debt: Not Disclosed
FF&E: 80,000
Real Estate: Not Disclosed
Year Established: 25
Employees: Not Disclosed
BBN Listing #: 299028242
Broker Reference #: KS2947-AC

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Business Overview:

This is the opportunity to purchase an independent Industrial Coatings and Blast & Painting Consultation company. The Company offers products and services in the areas of Abrasive Blasting Media, Blasting Equipment, Abrasive Recycling, Abrasive Safety, and Paint Coatings.

The owners have built this business and its outstanding reputation for over 25 years and are ready to retire. Their 2022 Revenue is projected to land between $1.6 and $1.8 Million, with a Cash Flow landing between $350,000 and $400,000.

There is a lot to like about this business. It has shown consistent revenue and profit growth yet still has room to grow for an astute buyer. The businesses boast for an owner:

- Lifestyle Business – Hours of operations are Monday through Friday, 7:30a – 4:30p. The current owner takes every other Friday off.

- Outstanding reputation – This company is highly respected in the industry and sought after by many industrial blasting and painting companies to be their supplier. Many of their customers consider them part of their business improvement team and rely on this company to help them solve challenges.

- Poised for growth – Many of the company’s customers come from direct sales outreach or referral sources, which is excellent for minimizing marketing costs. However, focusing on more salespeople and a professional marketing approach could be avenues to higher revenue and profitability.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Inventory of ~ $200,000 included in asking price.

Reason for Selling:

Retirement

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

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