This Company is one of the most capable zinc plating shops in Indiana. Over $4 million of revenue is consistently generated annually by its long-standing customer base, which is well diversified and extends in a 75 mile radius beyond Indiana into Michigan, Ohio, and Illinois. The Company’s barrel and rack zinc plating lines meet or exceed numerous plating specifications. Unmatched experience, extensive capabilities, and a competent and extremely committed team are what sets the Company apart from the competition.
While the current owner is completely uninvolved in the Company’s day-to-day operations, he has reached an advanced age and has decided that divesting of the business is in the best interests of its future.
Cash Machine – The Company consistently generates a net income of 23-27% of revenue. This exceptional profitability is possible for three key reasons: expertise, high barrier s to entry (it is a capital intensive industry and new entrants to the industry must overcome daunting regulatory hurdles), and an operation that has been optimized for over 100+ years of operation.
Passive Ownership / Autonomous Operation – The current owner visits the company 3-4 times per year. That is the extent of his involvement. A fully-capable management team oversees the day-to-day operation of the business.
Low Employee Turnover – The Company is comprised of incredibly committed and competent individuals. The average management tenure is 15 years.
Fortune 500 Customers – The Company has experience doing work for world-class customers such as John Deere (the Company is a 3rd tier supplier) and Goshen Stamping, which supplies Warner Stepladder with tens of thousands of ladders annually. These customers not only provide the Company with significant and steady volumes of business, but also lend credibility to the operational excellence and capacity of the Company.
John Deere –Over the past six months, the Company has been proving its capabilities and competence to John Deere suppliers. What started out as a small contract to plate U bolts on tractors has been growing. The Company expects for this contract to generate more contracts and revenue in the future.
Capabilities – Although there is a lot of overlap in terms of equipment and knowledge between zinc plating and chrome, copper, and brass plating, the Company has never offered these services.
Expand On-Site – The present owner recommends that the buyer invest in a 6,000-8,000 sqft facility to store materials and supplies. This would free up additional manufacturing space in the plant.
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Due to confidentiality requirements, if you call first, we will be unable to disclose further information without a signed non-disclosure agreement.
The fastest and most efficient way to get the information on this great opportunity is to inquire through this website.
Asking Price $5,000,000
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