Business For Sale

Profitable Sandblasting and Painting Company

Not Disclosed, MI
Kent County


Asking Price: Annual Revenue:
$900,000 $2,013,000

Services: Non-classifiable


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RE: Profitable Sandblasting and Painting Company Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: $900,000
Annual Revenue: $2,013,000
Net Profit: Not Disclosed
Cash Flow: $377,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 7
BBN Listing #: 205245079
Broker Reference #: 946

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Business Overview:

This profitable Company offers sandblasting and painting services to a niche client base. The Company’s services are specialized. With a skilled crew and $250,000 of owned equipment, projects get completed successfully. The Company generates a significant amount of cash each year and has had revenue hover about $2 million over the past few years. The owner has reached retirement age and desires to transition into retirement. With several opportunities for growth available, this Company is well-positioned moving forward under new ownership.
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Property Features and Assets:

The Company operates out of an owned 3,600 square feet facility that is worth approximately $350,000.

Market Competition and Expansion:

Investment highlights include: (1) Valuable Equipment Base: The Company owns $250,000 in equipment that it uses to complete projects. (2) Customer Base with Ability to Grow: The customer base served has the ability to grow should new ownership tap into growth opportunities available. (3) Leading Industry Reputation: The Company has an industry-leading reputation in Michigan. (4) Financial Stability and Profitability: With revenues hovering $2 million and cash flow margins near 20%, the Company is in a strong financial position. Growth Opportunities Include: (1) Pursue Marketing Initiatives: The Company receives most new business through word of mouth referrals. There are simple marketing tools available that would likely significantly grow the Company’s brand. (2) Bid on More Requests: The Company has not actively pursued all requests it receives. It has operated according to the desired lifestyle of the owner. Immediate growth could be reached by being more aggressive with requests that are received.

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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