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Buy a Thriving Powder Coating Business with Regular Customers in Worcestershire

 Undisclosed, Worcestershire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    19/03/24

  • Advert ID

    608445

  • Reference

    B07913 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £119,995
  • Turnover: £230,044 (£4,424 Per week)
  • Net Profit: £25,222 (11% Profit margin)

Business Details

Well Established Powder Coating Business For Sale

Business
Please quote reference B07913

CoGoGo welcomes to the market a highly rated powder coating business in Worcestershire. 

The business was first established over 20 years ago, with our client taking over ownership over 10 years ago. During that time, the business has been building up an excellent reputation and regular customer base. 

It has now come to the open market due to our clients travel commitments. 

The business offers superior powder coating, wet spray, stove enamelling services to finish your products or components. The vast majority of work is commercial ranging from medical to large construction pieces. Multiple and large components can be processed.

Powder coating is a surface coating technique and this business can match any colour you require. The business also offers a collection and delivery service, with their drop side vehicle 4 metre long x 2 metre wide bed with a weight limit of 1.2 ton.

The company has got a special purpose built processing software that tracks the whereabouts the particular work. It also times every process from start to finish to then give a overall time length per job. Once the work is complete a automatically generated email will notify the designated person that the work is ready for collection. Once the work has been collected then a automatically generated delivery note is emailed to the same person. The system is semi automatic, and then helps with the final coatings when to invoice.

The system can be remotely accessed to see where the work is.

Other services offered include - 

  • Wet Paint spraying - Wet paint spraying is a surface coating technique.
  • Stove Enamelling - Stove enamelling is a wet paint process which uses specialised stoving paints. The paint is applied by spraying and then cured in an oven.
  • Chemical Stripping - They can undertake chemical stripping to strip and clean metal based items of coverings such as paint, lacquer and filler. There are different types of chemical stripping available to use depending on the types of materials and parts.
  • Shot Blasting - Abrasive blasting or shot blasting is a method of preparing surfaces prior to coating or painting. Blast media and blasting abrasives are used to provide surface texturing and preparation, etching, finishing, and degreasing. Shotblasting is a method used to clean or polish metal and is typically done in a blast room. Cast steel shot or steel grit is used to clean and prepare the surface before coating. Shot blasting recycles the media and is environmentally friendly.
Key selling points -

  • Well established
  • Staff in place
  • Scope for expansion
  • Large customer base
  • Great location
  • Outstanding reviews
  • Handover offered
Scope for further growth -

  • Increase advertising and marketing
  • Extend trading hours


Location
The business occupies a warehouse in Worcestershire.

 



Premises
  • Occupies a large workshop (circa 4,300 sqft)
  • 2 XL curing ovens
  • Spray booth
  • Coating booth
  • Fork lifts (2 ton lifting capacity)
  • Parking available at the front of the premises




Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £22,000 per annum. 



Hours
The current trading hours are -

Monday to Thursday - 8:00am - 5:00pm

Friday - 8:00am - 2:00pm

Saturday to Sunday - Closed



Staff
We are advised that the business has 2 members of staff. 



Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £230,000. Further financials can be made available upon request. 



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Listing Statistics

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Well Established Powder Coating Business For Sale - B07913 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.