Severe Duty Excavator Attachments Manufacturer
Severe Duty Excavator Attachments Manufacturer
Price: $900,000
Location: Southern Ontario
Industry: Fabricated Metal Product Manufacturing
Listing ID: 0604202007
Listing Status: Sold
This company is a manufacturer of four types of Severe Duty Excavator Attachments. The company has created several excavating products that are unique to the market and have been trademarked. This includes a Manual Quick Coupler which allows the operator to change attachments without hammering out the pins and a complete lineup of Rakes. It also manufactures single shank Rippers and Digging Buckets. The company maintains an inventory of its core products and promotes itself as being able to ship from stock on its main items (couplers, rakes & rippers).
Total Sales: $1,700,000
Cash Flow: N/A
Training & Support:
Current
Year Established: 2011
Owner Hours Per Week: Monday to Friday 7am to 4:30 pm.
Square Footage: 15,000 sq.ft. approximately.
Facilities Information:
Operating out of approximately 15,000 square feet approximately including office space with plenty of room to grow in the current building. The fabrication bays are lined up down one side and a small machine shop located on the other side of the shop. A large staging area for incoming plate keeps everything organized and ready to use Machines and bushings are organized on racking.
Competition:
The provision of superior technical knowledge, high-quality products and the ability to maintain an inventory of core products - namely couplers, rakes and rippers, to allow for fast delivery, has worked as a point of difference for the business. This strategy has helped fend off competitors and earned the business a well-regarded reputation for quality products and knowledgeable and helpful customer service.
Potential Growth:
The business offers various opportunities for further growth and development as it engages in virtually no direct marketing and no sales team is currently in place. The advertising budget could be increased which would likely have a direct impact on incoming leads and result in higher sales - thus allowing the company to hire staff and expand. The most promising path towards further growth lies in building a stronger dealer network as the company has targeted primarily retailers up to this point. Lastly, the growing numbers of natural disasters requiring fast turnaround excavation and land-moving, together with a positive industry outlook, are excellent opportunities for the business to capitalize on.