¢
BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Physical
66
/100 score
Strong

Powder Coating Shop

The invisible backbone of every metal thing you've ever owned

Powder coating is an industrial finishing process that electrostatically applies dry powder paint to metal surfaces, then bakes it in an oven for a durable, chip-resistant finish. Auto parts, bike frames, patio furniture, fence posts, industrial components — anything metal gets powder coated. Small shops serve auto restorers, fabricators, contractors, and manufacturers, generating $200K–$600K in revenue with margins most service businesses would envy.

Avg Revenue

$400K

Profit Margin

42%

Acquisition Multiple

1.5x - 2.5x

Startup Cost

$40K - $120K

Difficulty

3/5

How It Works

Metal parts are prepped (sandblasted or chemically stripped), then grounded and electrostatically sprayed with dry powder. Parts go into an industrial curing oven at 350–400°F for 15–25 minutes to create a hard, even finish. Revenue comes from per-job pricing — typically $2–$8 per square foot or flat rates per part. B2B clients (shops, manufacturers, contractors) drive volume; retail walk-ins add margin.

Revenue Range

Low End
$200K
Typical
$400K
High End
$700K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 332812 · Metal Coating, Engraving (except Jewelry and Silverware), and Allied S

Deals tracked
18
3 in last 24 mo
Median loan
$525K
$248K–$838K p25/p75
Implied deal size
$618K
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal Size Distribution

<$150K
3
$150K–500K
5
$500K–1M
5
$1M–2M
4
>$2M
1

Deal Flow Over Time

Deals per year · median loan
$600K
2020
2
$689K
2021
3
$1.0M
2022
5
$251K
2023
2
$551K
2024
3
$175K
2025
2
$2.3M
2026
1
12-month momentum
-50.0%
deal volume vs prior 12 mo
Median loan Δ
+1224.2%
1 recent · 2 prior

Financing Profile

Median rate
8.45%
33% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
94%
of loans secured
Median jobs
9
supported per deal
Top lenders in this space
Live Oak Banking Company5
Falcon National Bank2
Blue Sky Bank1
Rockland Trust Company1
Three Rivers Bank of Montana1
Where deals happen
WI3
WA2
IL2
CA2
ID2
MN2
OK1
MA1
MT1
UT1

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Nov 2025ID$2.3M$2.7M15
Feb 2025MA$102K$119K2
Nov 2024IL$248K$292K3
Dec 2023MN$100K$118K9
Dec 2023MN$551K$648K9
Nov 2023ID$838K$986K2
May 2023OK$152K$179K2
Jan 2023UT$349K$411K8
Sep 2022IL$20K$24K2
Jun 2022CA$1.3M$1.5M64
Volume rank #268/534Deal-size rank #360/534Momentum rank #253p90 loan: $1.3MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +High margins — COGS is mostly labor, electricity, and powder (20–30% of revenue)
  • +Sticky B2B relationships — fabricators and shops become repeat clients
  • +Low direct competition in most mid-sized cities
  • +Scalable: add ovens and booths without proportional labor increases

Cons

  • -Requires industrial space with ventilation and 3-phase electrical
  • -Equipment (oven, booth, gun) costs $40K–$80K upfront
  • -Seasonality: slower in winter as construction and auto projects slow

Best For

Owners with trades or industrial background; investors willing to hire an operator

Operating Costs

Main costs: rent for industrial space ($1,500–$4,000/mo), electricity ($800–$2,500/mo for oven operation), powder and materials (15–20% of revenue), and 1–3 employees. Profit swings heavily on utilization rate.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$7K/mo
after debt service
Deal price — $620K
Range: $400K (1.5×) to $1.4M (2.5×+)
Down payment — 15% ($93K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 8.50%
SBA median for this category: 8.4%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$93K
15% equity injection
Loan amount
$527K
85% SBA-financed
Monthly payment
$7K/mo
$257K total interest
Monthly profit
$14K/mo
at 42% margin
Monthly cash flow after debt service
+$7K/mo
Down payment paid back in ~13 months — strong return

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell

Search powder coating shops listed for sale across the US

BizQuest

Manufacturing and finishing business listings including powder coat shops

66/100Strong

Acquisition Score

Profit margin
28/30
Entry multiple
29/25
Market depth
0/20
Risk (charge-off)
8/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
physical
Difficulty
3/5
Buy price
$600K$1.0M

Get the full breakdown in your inbox

Weekly boring business breakdowns

Get notified when high-margin businesses hit the market

Buy a powder coating shop
via BizBuySell
See listings →