Business Overview:
The Company is an industrial metal cleaning service and sales business that performs job shop, industrial cleaning services and sells industrial equipment and parts for customers primarily in Texas, Oklahoma, Louisiana, New Mexico and Colorado. They are also a leading manufacturer of test panels used to assess the suitability of coatings for paint and corrosion control processes for many industries located all over the world. Their versatility enables them the opportunity to not be tied to any specific industry. The areas for growth are plentiful for the Company including the setup of new product lines, expansion of existing product lines, establishing more geographical presence and the growth of the job shop services. In 2020, although the pandemic has had negative impact, the Company is starting to see a recovery due to new accounts coming in as a result of a lost competitor. New service accounts with international companies and current business relationships are growing despite the current situation in the Country. This is neither an offer to sell nor a solicitation to sell securities.
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Property Features and Assets:
Building is owned by Sellers and available for either purchase or lease. Estimated FMV of $850,000. Estimated annual lease of $76,000.
Market Competition and Expansion:
The primary marketing efforts are handled through direct relationship sales. Established over 23 years, the ongoing relationship with the Company and its ability to perform has built a stellar reputation within the industry. The Company members attend three trade shows. A constant contact system allows them to remain at the forefront of their customers’ minds. Additionally, social media is used to stay in front of customers and the general public. Search engine optimization of their website is utilized. There are opportunities to grow the marketing efforts by activating Facebook and LinkedIn pages and updating online directories.
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.
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