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Business for Sale

Business for Sale
Price Asking $450,000

Details

Price Asking $450,000
Location Mia Powder Coating and Abrasive Blasting Griffith NSW
Categories Services
Date Listed 8th October, 2018
Listing ID 5932

Description

Business for Sale

Due to the owner relocating, this is an excellent opportunity to purchase a well-run and very profitable powder coating and abrasive blasting business.

With a reputation for quality and service, and years of expertise MIA Powder Coating & Abrasive Blasting provides top of the line services required to meet their clients demands. Well established & operating for over 30 years, the business also has exceptional potential to expand.

Currently turning over $575,000 annually this factory is ready to run with machinery and equipment perfectly suited for both large and small jobs. Located close to the Kidman Way Highway in Griffith, an office at the front of the factory boasts ample parking for clients, while the work floor is spacious and the yard offers ample storage or room for expansion with easy heavy vehicle access.

Currently operating with 4 fulltime staff, this business has plenty of opportunity to expand for the savvy business person.

Generally, the pipeline of work orders is fully booked 3 to 6 months in advance, giving the new owners an immediate income on takeover.

With over two decades of experience in powder coating and abrasive blasting metal items such as cast steel and aluminium, architectural residential fittings such as doors, windows, screens and balustrades, car and bike parts, and aluminium and steel fencing.The business has a long list of repeat clients and regular recurring orders from five major corporate clients, specifically vehicle tray bodies for local manufacturing companies & auto restorations.

Offering a pick-up and delivery service to selected clientele, enforcing green working procedures and licensed by the Environment Protection Authority. Every day the utility & trailer, which come with the business, are transporting materials to/from clients around Griffith.

A large workshop with custom plant and equipment, featuring blast and paint sheds, 9.2m natural gas oven, a pallet size oven for the small jobs and a spray booth. We have multiple colours in stock, allowing our customer base to re-order in high or varied colour quantities, as there is a continuous delivery schedule.

We also offer on site blasting and painting such as pools, tanks, weigh bridges and other large farm or commercial items. All on site equipment is included as part of the sale.

Will suit either an owner/operator or integrated with an associated industry. However, the business also has the ability to be operated under management if the buyer is looking to purchasing as an investment.
The business currently employs three well trained & experienced staff (10 years, 10 years & 3 years) to assist the working owner of 7 years (25 years working in the business). Currently operating 5 days per week.

Experience is not essential, and current owner is willing to assist the new owner during transition, if required.

Priced well below establishment costs with flexible terms.

Full financials & an extensive list of plant & equipment are available on request.