Proprietary Metal Finishing Business

Washington
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Asking Price:$1,000,000
Gross Revenue:$1,930,000
Rent:$7.88/SF/Year
Established Year:1991
Cash Flow:$367,000
Inventory:$100,000
FF&E:$900,000
BUSINESS DESCRIPTION

This business serves a number of industries, including commercial building industry, developers, fabricators, architectural firms. The company has multiple product lines and services that are proprietary. It has a solid base of regular clientele and a constant supply of new customers in and out of state. Customers continually seek out this company's products and services, keeping this business less affected than most businesses during the height of the Covid-19 epidemic.


DETAILED INFORMATION
Location
Washington
Inventory
Not Included in asking price
Building SF
32,000
Lease Expiration
28/02/2032
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business facility is located within a large metal stand-alone commercial building, along a busy highway and adjacent to major freeway access. The building includes approximately 30,000 square feet, including production area, shipping dept., material and inventory storage. There is an additional 1,000 square feet utilized as private offices for administration, a conference room area, and a breakroom for employees.
Competition
Due to unique, established processes and licensing agreements there is very little competition, and those few competitors are mostly out of the region and a great distance away. There are also substantial barriers to entry that protects this business from the threat of new competition
Growth & Expansion
Demand for the company’s unique products and services remains high, even as most businesses are feeling the economy contracting. No sales force has been needed because of growth of existing clients and referrals. The company has multiple product lines in the metal finishing field that appeal to numerous markets and customer segments. Most new customer orders are received with little more than bid submission. The Company operates production only 4 days per week and administration 5 days, leaving more production days available.
Financing
SBA financing possible
Support & Training
Owner will stay on for reasonable training and transition time period.
Reason for Selling
Health
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Ron
Sterling
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Ron Sterling