Powder Paint And Metal Fabrication For Sale

Business description

The company was founded around 1994 and acquired by its current owners in 1997. At that point in time, the company had only six clients and one employee. They currently have six people employed on a full time basis and one part-time employee. Excellent financial and technical records are kept and available. Similar orders can be remade with reference to previous orders to ensure uniformity of quality, color, shape, and finishing. The company provides a solid reputation for quality and on time work delivered to specification. While the acquisition price does not reflect future potential, a corporate buyer with a sales arm could greatly increase revenues Capabilities include bar and tube cutting and forming using hand tools and pneumatic machines enabling consistent cuts and bends of steel, copper, aluminum and other metals. Approximately 1,500 square feet of shop floor space is allocated to these activities. Company also has an automated conveyor line for powder painting and heat curing which can produce on a 24 hour cycle with minimal human intervention. (Currently the line is only active for one eight hour shift.) A separate 10X10X12 foot oven with a 4 foot length extension is used for large items and to cure items when the production line is in use or another color is required.

Property information

Real Estate:

Lease

Location:

The business is located in a 6,000 sq. ft. of industrial building in an industrial park. Excess office space within plant. It is about 10 minutes off of I40 and 5 minutes from downtown

Business Operation

Expansion potential:

The lack of current sales and marketing indicate significant growth could be achieved through sales and marketing and simply asking current clients for more business.

Competition / Market:

This is a low technology industry, however, capital investment is required to enter the market. Competition in this niche market focusing on small batches and customization is minimal. The company has shallow market penetration and has not actively sold to its existing clients to get more of their business.

Reasons for selling:

Retirment

Trading hours:

9-5 M-F

Employees:

8

Years established:

1994

Other information

Support & training:

Wants to retire, so will give a month for free and be available for a couple hours a week afterwards by phone for free. Can negotiate something above or beyond that.

Financing available:

Will consider partial financing with good down payment

Furniture / Fixtures value:

$71,650 (included in the asking price)

Inventory / Stock value:

$2,000