Purchasing a powder coating business
I am looking to buy a powder coating business and have no experience in this area. There are experienced staff and the present owner will stay on for 3 months. Is this sufficient or should I have experience myself? Should I employ a consultant? Any suggestions or comments would be welcome.Earle Porteous
- Sydney, N.S.W. Australia
You'll find out what is meant by the expression "time flies". It will seem like the previous owner only stayed with you for 3 days. But keeping an existing powder coating business running is probably a lot easier than starting one.
As for hiring a powder coating consultant, the time to do it is before you sign the contract. S/he may tell you it looks promising, or that the business is worthless.
Ted Mooney, P.E.
finishing.com - Pine Beach, New Jersey
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