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Southeast Michigan Industrial Plating And Coating Company

Michigan

Seller Financing Available

listing image
Sale Pending
Cash Flow:$330,000
Inventory:$48,600
FF&E:$1,500,000
Established Year:1981
Gross Revenue:$1,800,000
EBITDA:$340,000
Real Estate:$1,000,000
Listing ID: 2198788Listing provided by BizBuySell
BUSINESS DESCRIPTION

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.

3 Year Average Revenue: $1,880,000
3 Year Average EBITDA: $330,000

DETAILED INFORMATION
Location
Michigan
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
15,500
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
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. Supplier relationships – Its top 5 suppliers have been working with the Company for an average of 18 years.
Growth & 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.
Support & Training
The owner is willing to stay on for a period of time to assist and support the new owner with the transition.
Reason for Selling
Retirement
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Tyson Vandervelde
NuVescor Group
Phone Number
Tyson Vandervelde
Call Phone