Established Powder Coating & Finishing Business

King County, WA

Seller Financing Available

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Cash Flow:$349,000
EBITDA:$242,000
Gross Revenue:$2,214,000
Established Year:1991
BUSINESS DESCRIPTION

For more than three decades, the Company has delivered dependable, top-quality powder coating and sand-blasting services to a diverse range of clients, including industrial and commercial manufacturers, aerospace firms, construction contractors, and various government entities such as the DOT, DOD, Navy, and FAA

• Turnkey operation, experienced technical staff
• Consistent historical revenue and earnings
• Established Reputation for Quality & Service
• Sales Growth: 18% - 5-YR average YOY


DETAILED INFORMATION
Location
King County, WA
Inventory
Included in asking price
Real Estate
Leased
Employees
19
Facilities
The facility hosts a fully equipped 5-stage tank line and two industrial ovens, with the capability for powder coating and sandblasting up to 30 FT. Lifting capacity of 3,500 pounds, all tools and forklifts, and heavy-duty delivery flatbed vehicles. The property has 3 buildings zoned for industrial use on 1/3 acre, fully fenced yard with access for 53' vehicles. The seller occupies 2 buildings, comprising 12,800 SF for production. The seller, owns the buildings, offers a favorable lease arrangement to potential buyer, inclusive of a purchasing option.
Competition
The Seller has earned a strong reputation for consistently delivering high-quality, flawless products promptly and at competitive prices. This has cultivated a sturdy and varied repeat clientele. The company stands out for its capability to produce extra-large parts, which other businesses can't handle.
Growth & Expansion
Even though there has been a recent decline in new construction projects, the company expects consistent growth in the public works, manufacturing, and industrial sectors. The firm has earned further certifications from WDOT and PACCAR. Furthermore, it has gained two rapidly expanding manufacturing clients and an outside sales manager who is making substantial progress.
Financing
Will consider for qualified buyer - Business has been pre-approved for SBA loan.
Support & Training
In anticipation of retirement the Owner has reduced his activities and delegated management, and the manufacturing workflow. Seller will support transition for 3 to 4 months and is available for additional consulting as needed.
Reason for Selling
Retirement
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Andrew
Cross
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Andrew Cross