Distributor Industrial Tools and Electro-Mechanical Press Equipment
Distributor Industrial Tools and Electro-Mechanical Press Equipment
Price: $325,000
Location: Central Kitchener – easy access to all major highways.
Industry: Machinery Manufacturing
Listing ID: 20210527
Listing Status: Sold
This presents an excellent opportunity for an established industrial supply company to leverage this market, geography, knowledge, suppliers and staff. This is one of Ontario’s leading suppliers of torque controlled, pneumatic, DC electric tools and electro-mechanical press equipment. The company’s in-depth knowledge of assembly processes and direct sales link to major tool manufacturers allow it to provide expert assembly solutions and advice.
It is an ISO 9001-2015 registered supplier of choice, and experts in Critical Fastening Tools for the Automotive Assembly, Aerospace, Electronic and Mining Industries.
The company specializes in top-quality Bosch products. Since 1993 it has provided only the highest quality products and un-biased advice in solutions for both high and low volume production.
This company operates a Consulting and Training division that applies its unique assembly experience and expertise with major tool manufacturers to resolving production problems.
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Owner is retiring.
Training & Support:
Seller willing to provide training to new owner and staff and provide introduction to customers, suppliers, in order to assist them to continue the name and legacy of this company. Seller can also offer Consultation on a contract basis for a longer period if required after that.
Year Established: 1993
Monthly Rent: $1,181
Type of Location: Company only deals with companies so traffic patterns and street visibility have no effect.
Square Footage: 2200 sq.ft.
Owner Qualifications:
A new owner needs a good financial background with a strong second in logistics, and of course, expertise in the products marketed. Excellent customer service and keeping up with technology are the best ingredients for success. Most distribution wholesale businesses draw strong buyer interest. A new owner needs to understand the supply chain and vendor management. Where to have products manufactured is key. Overseas versus domestically to achieve best price and quality.
Potential Growth:
With the advent of electric/autonomous drive vehicles and reduction of vehicle weight requiring more accurate tools, Government funding has allowed for retooling, and existing accelerated vehicle sales will provide long-term parts growth streams.
A good distributor with a good strategy, branding and satisfied customers, like this company, always make for a good investment for buyers