Profitable Floor Coating Company
This business specializes in Epoxy, Sealants, Coatings for garage floors, commercial floors, sealing concrete, beautifying, repairing, staining, etc. They have created a 1 day application system that makes their floors fully usable in 24 hours. It is a simple business ran from a small office. High margins make this very attractive and the business is ready to be taken to the next level. More marketing and bigger vision will take you there.
Architects and the end users love floor coating systems for the durability and look. Its becoming more in demand than ever.
Asking Price: $450,000
Gross Income: $470,000
Cash Flow: $195,289
Furniture, Fixtures, and Equipment ( FF&E): $78,000
Facilities: Leased. Very basic class C office space in Olathe. The operations are done from vehicles and trailers which are parked at the office location--which has plenty of space in the over-sized lot.
Competition: Virtually zero. They are the only company in the area that can install their coatings and have the treated space be fully usable within 24 hours. They have cornered the market. Other companies don't have that capability. It takes 3 days for the closest competitor to do what they do and the results lack the quality of this company's.
Growth & Expenses: Sales could exceed 1MM a year in 3 years by implementing additional marketing strategies with a larger budget. They could easily reach 650K within the year.
Financing: 10% of the purchase price for 6%APR for 36 months
Support and Training: The owners are willing to assist as long as the buyers need help. The current owners are manufacturing the product lines and distributing as well. They want to transition fully into that model and let a new owner take this active business to the next level. The business outlook is great but needs a new owner to totally concentrate on the service aspects of the business.
Reason for Selling: Want to focus on manufacturing the product lines and distribution.