
Specialized Industrial Equipment Manufacturer
Specialized Industrial Equipment Manufacturer
Price: $2,900,000
Location: Building is located in a large industrial area of North Toronto, with access to a number of metal working sub-contractors, skilled trades, Ontario Technology University and Durham College
Listing ID: 20220901
Listing Status: New
DESCRIPTION
Business plus custom-built industrial facility.
Business price $2.9M
Building price $3.2M
2021 Revenue: $3.9M
LISTING DETAILS
Total Sales: $4,600,000
Cash Flow: $980,000
FFE Included: Yes
Reason For Sale:
Present owners believe that they have taken the company as far as they would like to progress. The industry is booming.
They wish to retire and not oversee the operation that is presenting itself for the future.
Training & Support:
The owners are very proud of their accomplishments with this company and look forward to passing it on to a new owner. They are prepared to provide the new owners with the necessary training and support to accomplish their transition into the business.
OPERATION
Year Established: 1985
Owner Hours Per Week: Mon-Fri 8am-5pm
Employees: 4 plus 2 owners
LOCATION
Square Footage: 10000
Facilities Information:
The company is headquartered in an engineered steel building with high-efficiency geothermal heat. The building is equipped with 600 VAC 3 phase and 400 amp service. There are transformers with various other voltages in order to test machinery bound to different markets. The building boasts a 40ft by 120ft shop bay with an additional 40ft by 24ft area at floor level, and a 32ft high mezzanine 40ft by 24ft that includes crane rails with the capacity to hold up to 20 tons. Currently the facility has one 38ft span wide bridge crane with a 10-ton capacity. The building and crane rails are designed for a total of 20-ton crane capacity.
SUMMARY
Historical Summary:
In 2009, in the middle of the recession, owners built new facilities for the development and manufacturing of new technologies for the concrete industry. With the support of its customer base they quickly found themselves running out of room.
In 2015 they doubled production space and added 50% to the current building. This increased the travel way of its 10 tonne crane by 50% and made room for a more efficient set- up for its machining operations.
Current building footprint is maximized but opportunities for expansion exist.
Competition:
The company has a unique niche in the industry. It has been around for a long time and is well-known in the local precast and ready-mix industry. It has a reputation for creating excellent solutions for unique problems and it has gained a lot of ground developing a reputation in the industry with its line of resale products.
This company makes a point of maintaining a sufficient inventory of plant components and can often find a quick solution to a breakdown. It has been selling batching, mixing and production systems for years and has a constant flow of spares and wear parts going out.
Most of its competitors would not stock these high-margin items and the company being local, it will often have in-store pickups or send one of its team members out to deliver something in an emergency.
Many of the competitors are larger and don’t react to customer needs in the same way.
Potential Growth:
The concrete industry is booming and this company is in the heart of it. Customers report sold out capacity for the next few years, which is driving the planning for expansion of facilities and this company provides the services to keep all of this going.
As automation specialists, this company is assisting its customers to reduce reliance on labour with the integration of robotic technology. Robotic product handling can reduce the repetitive tasks of 3-6 people in a multi-shift operation, with a single robot.
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