Business Overview:
Powder Coating is a dry finishing process created by an electric charge that causes a dry powder to fuse to the surface of the metal. This is then baked in a curing oven to achieve a smooth coating. It is usually used to create a hard finish that is tougher than conventional paint.
This Powder Coating factory is located on 1+ acres of owned real estate in the Knoxville Metro Area of East Tennessee. The building, a 12,000+ square foot metal structure, was built in 1999. Seller founded the powder coating business at this location in 2008. There are 13 full-time employees and the owner. Most employees have been employed here for the past 6-12 years. The business was established early on through the sales work of the founder, who currently operates mainly on established accounts and word of mouth. Little to no advertising is done.
Successful business with high profit margins. Applications for many different industries and categories:
General Metal
Lawn & Garden
Electrical & HVAC
Agricultural
Construction
Automotive
Appliances
Architectural
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Property Features and Assets:
12,000+ sq ft metal structure with 2nd floor office and storage. Fenced lot with outbuilding.
Powder Coating ovens, work vans, forklifts, spray guns, finishing equipment, and much more.
Market Competition and Expansion:
Growth: Increase production. Add a second work shift. Per sellers' calculations on adding a second shift, this could add 20-30% additional sales growth. Additionally, a capable sales representative for the business would bring on new accounts and significant growth. Additional growth can be achieved by building a new website, keeping up social media accounts, and doing much more advertising.
Competition: No competition in this particular area - located outside the Knoxville metro area in a neighboring county. Some competition in Knoxville.
Reason for Selling:
Health Issues and 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.
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