Industrial Flooring Coating Company

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30364939
Property Subtypes: Building and Construction Services
Building Size (RSF): See Agent
Sale Price: $565,000
Name of Establishment: Confidential
Gross Revenue: $690,000 (Annual)
Cash Flow: $220,000 (Annual)
Last Updated: 4/1/2019

Overview / Comments

Founded in 2001, the highly profitable industrial coating contractor has provided industrial and commercial painting and flooring services to customers across Michigan. The Company is highly reputable and respected within the industry and has many positive customer reviews online. The Company has significant growth potential available for an aggressive new owner who chooses to pursue more leads. The current owner spends several months traveling each year.

Due to the niche nature of the services offered, the Company can be relocated anywhere in Michigan.

The owner is selling the Company because he desires to relocate to a warmer climate where he already has a residence. The owner is willing to provide training and assistance during a period of transition.

Opportunities For Growth:

(1) Pursue Additional Marketing Initiatives: The owner does not market or advertise the Company or pursue significant growth as he has spent a considerable time (4 months) on vacation recently. While the Company has maintained steady business without advertisement, there is a great opportunity for growth through new marketing initiatives.
(2) Bid on New Projects: Because the owner has been satisfied with the Company’s profits, he has been selective on which projects to bid on. The Company does not bid on all projects that are submitted. A new owner could easily grow the Company by aggresively submitting bids on more of the proposals it receives.
(3) Hire Additional Staff: The Company could grow by hiring additional staff to quote and manage projects. Increasing staff would increase the Company’s project capacity.

Additional Details

Industry Segment: Other Services
Reason for Selling: Relocation
Value of Inventory Included ($): $250,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Not Applicable
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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