- City Charlotte
- State North Carolina
- CountryUnited States
Not Relocatable
Real Estate Included
This company was founded by the current owners 20 years ago and they are ready to retire. The company utilizes equipment they own to take paint from gallon containers and convert it to hand held spray paint cans of various sizes. The process is rather simple and there is very limited competition. OEM's are primary users and there are no customer concentration issues. The business is a C-corp which also owns the real estate. There is a preference to sell the business and real estate together, but a lease will be considered. The facility is almost a specialty built structure as it has fans, ventilation systems and fire proof doors that were built for the purpose of making paints. Sales are down some in 2009, but the sales trend has been 2008 sales of $809k, $844k in 2007, $937k in 2006, $807k in 2005 and $749k in 2004. Cash flow has ranged from $150k to $185k during these years.
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