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Profitable Coating Company Seeking Loan in Houston, United States

Company specialized in providing industrial coating and lining services with 60+ industrial clients seeks funding.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.4 million
Run Rate Sales USD 1.4 million
EBITDA Margin 30 %
Industries Coating
Locations  Houston
Local Time 2:17 AM America / Chicago
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 1 million for 8.5% annual interest, 10 years (Native Currency: USD 1,000,000)
Reason: Need funding to acquire new projects. Expansion & debt consolidation to increase profitability and ... View More
Collateral Available: USD 5 thousand
Includes physical assets worth USD 900 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Company specializes in providing industrial coating and lining services, focusing on baked-on phenolics.
- The primary product and service offerings include the application of baked coatings on various industrial equipment such as piping, tanks, subsea well control actuators, valve actuators, downhole equipment, and proves.
- Additionally, they offer air-dry or catalyst-cured coatings applied to skids, piping, blowout preventers, ball valves, gate valves, and well control equipment.
- The company operates on a project-based model, with an average of 3 to 4 projects per day, catering to a diverse client base of over 60 industrial clients, mainly comprising manufacturing companies.
- Holds ISO 9001 certification, ensuring quality standards.
- There are 16 permanent employees, who are sufficient to run the business operations. No additional contract/temporary employees are required.
Products & Services Overview
Services include:
- Baked-on phenolic coatings: Industrial coating and lining services applied to various industrial equipment such as piping, tanks, subsea well control actuators, valve actuators, downhole equipment, and probes.
- Air-dry or catalyst-cured coatings: Applied to skids, piping, blowout preventers, ball valves, gate valves, and well control equipment.
Clients mainly comprise manufacturing companies from various industries, such as oil and gas, petrochemical, chemical processing, manufacturing, and industrial equipment production.
Used for corrosion protection, chemical resistance and high-temperature resistance.
Assets Overview
Burn out ovens:
- 10’ x 10’ x 50’ long, 650°F capacity.
- 8’ x 8’ x 50’ long, 700°F capacity.
- 8’ x 8’ x 15’ long, 600°F capacity.
3 mobile 700° ovens.
Lift with capacity of 55,000 lbs.
Cranes available for larger parts.
Facilities Overview
Operating from a rented facility of 27,000 sqft warehouse on Houston's eastside.
Capitalization Overview
$234,000 worth of business debt. One owner has $150,000 of the $234,000 is a MCA loan.
Currently there are 2 shareholder in the business.
Recent Activity
  • 4 days, 10 hours ago
    CEO, New York, Financial Consultant connected with the Business
  • Earlier than 15 days
    Consultant, Piscataway Township, Business Broker connected with the Business
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1 Investor contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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