INDUSTRIAL COATINGS COMPANY – Indianapolis

Power coating
1
Power coating
2
  • Property ID: 672
  • Date added: 02/07/21
  • Broker: Broker: Thomas D. Poyser - 317-513-2898 TomAmericanBusiness@gmail.com
  • Asking Price: $ 400,000.00
  • Revenue: $ 305,000.00
  • Cash Flow: $ 102,000.00

Description

Business Description

Profitable, established company that applies specialty coatings to manufactured parts. The company has recurring revenue from loyal customers across the US.

Detailed Information

Established:  1946
Location:  Indianapolis, IN
Inventory:  $35,000, included in asking price
Real Estate:  Owned by company
Employees:  FT 2
Furniture, Fixtures, & Equipment (FF&E):  $500,000, included in asking price
Facilities:  15,600 Sq.Ft facility houses all the process equipment necessary to support the parts coating business of the company.
Competition:  Limited competition in the area, company specializes in coating that most competitors cannot deal with.
Growth & Expansion:  Add a sales person and market the company’s services to parts manufacturers, consider using specialized reps
Financing:  Seller will consider a note only to support the potential buyers to obtain an SBA loan
Support & Training:  30 days within the purchase price, longer term consulting agreement would be available to a qualified buyer
Reason for Selling:  Retirement

 

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