Business Summary:
Semi-Absentee Operated — This successful Southern California based company has maintained consistent annual profitability serving a loyal and consistent customer base of approximately 50+ customers. Those customers encompass numerous industries, including aircraft, Silicon Valley, and the military. It has maintained steady YEARLY income and profit margins with minor advertising. Additional growth has recently occurred due to customers that have traditionally relied on overseas suppliers but have reverted to U.S.-based suppliers. The Company operates only one shift currently but can easily be expanded to 1-1/2 shifts with its current employees, boosting revenues accordingly.

Being one of the oldest companies in its market area, it has minimal competition. With its reputation for timeliness and quality, the Company rarely loses a customer. Additionally, the owner has accumulated backup equipment and processes to assure timely production. All employees are expected to remain with the Company. It is poised to grow with new ownership at its current location or can be absorbed into an existing powder coating facility that wishes to expand its customer base and production capabilities.

Several city and county permits are required to operate the business. These permits are unobtainable in today’s highly regulated market but are transferrable. The owner is retiring and will provide training and customer introductions during a transition period to a new owner.

Established: 39 Years
Employees: 12-14 at an average payroll of approximately $40,000-$45,000 monthly.
Facility: 20,800 sf contained in two (2) adjacent buildings. The current owner of the
business also owns the buildings. Rent is negotiable with the right party. The
ideal buyer will integrate a complimentary business into the premises or
remove the current equipment, inventory, processes, and customers to their
own facility.

Price Includes: All furniture, fixtures, equipment, tools 2 company utility trucks, 2 trailers
and 2 forklifts at a value of approximately $700,000 and inventory of
approximately $30,000.
Transition Support By owner
Reason Selling: Retirement
Asking Price: $ 1,425,297
2022 Gross Revenues: $ 1,697,880
Seller’s Discretionary Earnings: $ 413,184