IT Racking & Custom Shelving

Toronto, Ontario

Greater Toronto Area

Asking Price: Annual Revenue:
$1,450,000 $2,962,250

Manufacturing: Furniture, Fixtures Manufacturing

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RE: IT Racking & Custom Shelving Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,450,000 12.5% Buyer Down Payment: $181,250 12.5% Seller Financing: $181,250 75% Bank Loan: $1,087,500 A 12.5% down payment of $181,250 returns $197,397 in the first year after debt payments!

Quick Facts

Asking Price: $1,450,000
Annual Revenue: $2,962,250
Net Profit: Not Disclosed
Cash Flow: $409,441
Total Debt: Not Disclosed
FF&E: $28,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 26
BBN Listing #: 505434398
Broker Reference #: IT015

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Business Overview:

With over $2.9MM in sales, this team of craftsmen design and fabricate custom IT racking, shelving, and cabinetry for a diverse client base. Custom racking and cabinetry are utilized for housing servers, telecom systems, routers, modems, and workstations. Options include, but are not limited to cooling solutions, doors, frames, locks, shelving, storage, and work surfaces. Desk systems encompass individual units, trading desks, benching options, clusters, as well as the popular standing desk units. Customers are in many different industries and often include distributors (30%) as well as the end user (70%). Projects are completed in the Greater Toronto Area, nationally in Canada, as well as in the United States. Currently clients include the financial industry, IT companies, data centers, and contractors. The current owners focus on oversight but believe that expansion is possible with the recent addition of highly efficient manufacturing equipment and maximizing the utilization of current assets.

Designers and manufacturers are included in the team of twenty-six, with twenty professionals working in the shop and six in the office. The office has ample space for administrative duties and the large shop is well-suited to production, with storage space, a manufacturing floor, and area for finishing.

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Property Features and Assets:

Lease: Very large production facility and midsize office in an industrial building.

Market Competition and Expansion:

Growth Opportunities: Build the desking business and develop new customers for this division, maximize utilization of assets and technology for maximum capacity, increase the team in response to added capacity.

Reason for Selling:

Strategic retirement planning

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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