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- RE: Southeast Michgan Industrial Plating And Coating
- Contact: Shu Ghosh
- License #: 6505349567
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | $341,000 | |
| Cash Flow: | $330,000 | |
| Total Debt: | $43,000 | |
| FF&E: | $1,500,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1981 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 938467 | |
| Broker Reference #: | NVC2250 |
Business Overview:
This Southeast Michigan industrial plating and coating Company provides electrodepositions and industrial coatings to the automotive, military, furniture, and appliance industries throughout the Midwest, nationally and internationally. It stands out from competitors in its ability to process a wide variety of part sizes in small to large quantities. In its more than 40-year history, the Company has built a stable of clients that is wide, deep, and loyal. Its location in a region rich in manufacturing presents multiple opportunities for building sales with more aggressive marketing. Current facilities provide plenty of room for growth, and an experienced leadership team is on board to assist new owners.
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Property Features and Assets:
Operations are based in a 15,000-square-foot facility. The facility is located in a region rich with manufacturing facilities. It provides plenty of room for growth, with a capacity in excess of $4 million in sales volume. The Seller owns the building and land which are available for sale or lease as part of the Company sale.
Market Competition and Expansion:
Untapped capacity – The Company’s facility provides plenty of room for growth, capable of potentially doubling its current revenue within the premises.
Aggressive recruiting – Lack of qualified employees, not lack of work, has been the Company’s greatest challenge to growth.
Sales and marketing – The Company has no sales team, relying primarily on its reputation, word of mouth, and its website to generate new business.
Broad capabilities – The Company can process a wide variety of part sizes in quantities ranging from small lots to large production runs.
Many loyal customers – It has built a large stable of loyal clients; its top 10 customers have been working with the Company for an average of 17 years.
Industry certification – The Company’s ISO certification allows it to serve the many customers that require that industry standard.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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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