Precision Tooling Manufacturer
Precision Tooling Manufacturer
Price: $2,000,000
Location: Southern Ontario
Listing ID: 20241203
Listing Status: Under Contract
This business has sustained steady growth since inception to present. It supplies multi million dollar automotive Tier 2 factories and is currently serving over 35 plants worldwide. The company is Best in Class for the tooling they currently produce. The company is U.S. Patent Awarded and a Canadian Patent is pending.
Total Sales: $1,359,000
Cash Flow: $743,500
FFE Included: Yes
Reason For Sale:
Owners are retiring.
Training & Support:
Present owner is willing to train a new owner for up to 1 year.
Year Established: 2004
Owner Hours Per Week: MON-FRI 8am-5:30pm
Employees: 3
Monthly Rent: $1,114
Type of Location: Excellent location in an industrial park close to HWY 403 and other major highways.
Facilities Information:
Clean, well laid out factory space incorporating approximately 2400 sq. ft. with an extension of the building possible also. Good office space and staff facilities.
Historical Summary:
The business was established in 2004 as a proprietorship, manufacturing precision tooling in a small facility with 2 manual machines. Those early days involved diligent market research, cold-calling and reaching out to contacts previously established over
many years in the automotive industry.
Competition:
The company’s reputation in the industry has been exemplary, generating impressive sales growth through word of mouth, with various customers worldwide.
This sustainability has required the addition of the latest technology and automated equipment over the years.
Potential Growth:
Future growth potential is exceptional, with automotive sales expected to increase by at least 5% per year in the next few years. At the time of writing, revenue is not yet up to pre-pandemic levels, but growth is readily achievable due to the spare capacity available with existing equipment in the plant.
For more information on this listing, please complete our Non-Disclosure Agreement