Metal Fabrication of Machinery and Equipment
Metal Fabrication of Machinery and Equipment
Price: $2,400,000
Location: SW Ontario
Listing ID: 20230405
Listing Status: Under Contract
This company supplies machinery and tools to Fabricators across Canada. In Ontario they focus on direct sales and in other provinces they sell to local machinery dealers at wholesale prices. The company has exclusive agreements with some suppliers for all of Canada and other equipment they import from Taiwan and a small amount from China. The company stocks machinery and has it electrically approved for sale in Canada, making it an easy transaction for both dealers and end users.
Total Sales: $3,500,000
Cash Flow: $670,000
FFE Included: Yes
Reason For Sale:
Owners wish to retire.
Training & Support:
Seller is willing to train new owner for up to 2 years if required.
Year Established: 2011 present owner.
Owner Hours Per Week: Monday – Friday, 8am – 5pm
Employees: 3 plus owners
Monthly Rent: $5,100
Type of Location: Industrial Park with high walk-in businesses.
Square Footage: 6450
Facilities Information:
The building consists of 6450 sq. ft. with two offices, kitchenette, washrooms and common area of approximately 1000 sq. ft. and balance is a heated warehouse.
Potential Growth:
Suppliers often ask present owner to sell their products on a regular basis, so adding a new line form for these products on the website would lead to growth.
Growth can be achieved with the current product lines by adding outside sales team and or service.
Currently service is not operated as a profit center.
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